Payee definition

Payee means individual who resides in this state or a corporation, trust, partnership, association, or other private legal entity authorized to do business in this state that receives money as payment under an agreement.

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Payee means a natural or legal person who is the intended recipient of funds which have been the subject of a payment transaction;

Payee means an individual who is receiving tax-free payments under a structured settlement and proposes to make a transfer of payment rights.

Examples of Payee in a sentence

• In the event that a Payee contacts Insurer with questions related to the Payee’s Plan benefits that are not within the responsibilities of Insurer, Insurer may refer the caller to the Company Contact.

• The rights of a Payee are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate will not have any effect on the date as of which the Payee has enforceable rights against Insurer.

• The Payee hereby agrees, by its acceptance hereof, that before disposing of this Note or any part hereof it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest hereon has been paid; provided that, the failure to make a notation of any payment made on this Note shall not limit or otherwise affect the obligations of the Borrower hereunder with respect to payments of principal of or interest on this Note.

• The Contract, when executed, will be duly executed and delivered by Insurer and will be a valid and binding irrevocable obligation of Insurer and enforceable against Insurer by Company, as the contract-holder, and each Payee in accordance with its terms, subject to the Enforceability Exceptions.

• Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

More Definitions of Payee

Payee means a person who receives a payment.

Payee has the meaning specified in Section 6(f).

Payee means a person who receives a payment;

Payee shall have the meaning assigned in Section 8.5(a).

Payee shall have the meaning set forth in Section 3.10 hereof.

Payee means an individual who receives tax free payments under a structured settlement and who proposes to make a transfer of payment rights under the structured settlement.

Payee is the person or entity to which you wish a bill payment to be directed or is the person or entity from which you receive electronic bills, as the case may be.