Other Payees definition

Other Payees means other parties for whom Company is authorized to obtain payment.
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Other Payees means the other payees of subordinated promissory notes of the Maker dated the date hereof and aggregating (together with this Note) $59,000,000.
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Examples of Other Payees in a sentence

  • These Other Payees must also acknowledge your authority to endorse and transfer items payable to them.

  • This Note is part of an offering of Convertible Promissory Notes and associated warrants being made by the Company (the "Offering") and the other purchasers of Notes in such Offering are referred to as the "Other Payees" and all the Notes issued in such Offering, including this Note are referred to as the "Notes".

  • Other Payees are not capable of accepting electronic payments and those Payees are paid by a paper check issued on your behalf.

  • You must list all Other Payees on the Wholesale Lockbox service setup form or in another authorized document acceptable to us.

  • You agree to limit use of the Lockbox to the receipt of Checks which are expected to be payable to you and Other Payees.

  • No part of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by the Employee, Other Payee, or any other person, nor be transferable by operation of law in the event of the Employee's, Other Payee's or any other person's bankruptcy or insolvency.

  • The Employee's and Other Payee's rights to benefit payments under this Agreement are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Employee or Other Payee.

Related to Other Payees

  • Other payer means any person, other than an individual's employer or the employer's agent, that pays an individual any amount included in the federal gross income of the individual. "Other payer" includes casino operators and video lottery terminal sales agents.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Beneficiary(ies) means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.