Payor definition

Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

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

Payor has the meaning set forth in Section 4.03 of this Agreement.

Examples of Payor in a sentence

• Notwithstanding the foregoing, no such notice of redemption will be given earlier than 60 days prior to the earliest date on which the Payor would be obligated to make such payment of Additional Amounts.

• Payor hereby waives presentment, protest, demand for payment and notice of default or nonpayment to or upon Payor with respect to this Note.

• The Payor shall continue to deliver such financial statements and bank statements on each subsequent payment due date until all past-due amounts under this Note have been paid in full.

• The Payor will make the payments under this Note in monthly installments of ONE HUNDRED THOUSAND AND 00/100 DOLLARS ($100,000) in such currency of the United States of America as will be legal tender at the time of payment.

• Any exercise of setoff rights pursuant to this Section shall be deemed a payment under this Promissory Note to the extent of the amount set off and shall reduce the outstanding obligations of the Payor hereunder dollar-for-dollar.

More Definitions of Payor

Payor shall have the meaning assigned to that term in Section 5.6.

Payor has the meaning set forth in Section 6.2.

Payor shall have the meaning set forth in Section 5.04(a) of this Agreement.

Payor means any person or entity paying monies, income or earnings to an obligor. In the case of a self-employed person, the "payor" and "obligor" may be the same person;

Payor means any Person that pays, or arranges for the payment, for all or any part of any Physician services for itself or for any other Person, as well as any Person that develops, leases, or sells access to networks of Physicians.

Payor has the meaning specified in Section 10.12.

Payor means as specified in Section 3.4.