Common use of Third Party Payor Clause in Contracts

Third Party Payor. In the event Our invoices, in whole or in part, are being paid by a third party (i.e., a person or entity other than or not affiliated with You), it is nonetheless understood and agreed that both You and the Third Party Payor are jointly and severally responsible for all monetary and payment covenants and obligations per the terms of this T&C. Further, if a Third Party Payor is also the party providing the COI and insurance coverage compliance per Section 6 hereof, You and the Third Party Payor are equally, jointly, and severally responsible for all covenants and obligations per the terms of this T&C.