Designated Payee definition
Examples of Designated Payee in a sentence
Likewise, each Co-Grantee shall remain jointly and severally liable to the Department for performance under this Standard Agreement and compliance with all Program Requirements regardless of any Department-approved transfer or assignment of interest; any designation of a third party for the undertaking of all or any part of the Scope of Work; or the Co-Grantees’ identification of a Designated Payee.
Likewise, each Co-Sponsor shall remain jointly and severally liable to the Department for performance under this Standard Agreement and compliance with all Program Requirements regardless of any Department-approved transfer or assignment of interest; any designation of a third party for the undertaking of all or any part of the Scope of Work; or the Co-Sponsors’ identification of a Designated Payee.
Player shall make all fee payment(s) only to the following Contract Advisor listed as Designated Payee: Designated Payee in Paragraph 9 herein.
The Originator will also instruct each Designated Payee to pay all Collections it receives to a Collection Account.
The Seller will also instruct each Designated Payee to pay all Collections it receives to a Collection Account.