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

• Such withheld and deducted amount shall be treated for all purposes of this Agreement as having been paid to the Payee.

• Payee shall provide to Payor, at the time or times reasonably requested by Payor or as required by Applicable Law, such properly completed and duly executed documentation, if any, including but not limited to an IRS Form W-9 (a “Withholding Certificate”), that Payee is entitled to provide under Applicable Law as will, to the reasonable satisfaction of Payor, permit Agreement Payments to be made without, or at a reduced rate of, Withholding Taxes.

• Payor shall use commercially reasonable efforts to cooperate with Payee in 27 good faith to obtain reduction of or relief from such obligation to deduct and withhold.

• All Withholding Taxes deducted and withheld from Agreement Payments shall be timely paid over to the appropriate Taxing Authority in accordance with Applicable Law, and the Payor shall promptly provide the Payee with a written receipt or other reasonably available evidence establishing the amount and timing of each payment to the appropriate Taxing Authority.

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 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.

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.