Examples of Payee Party in a sentence

For purposes of the preceding sentence, “Tax Benefit” shall mean any cash refund or credit for Taxes resulting in a reduction in the amount of Taxes otherwise owed by the Payee Party as a result of [***] relating to payments by the Paying Party, as reasonably determined by Payee Party.
All payments to the Payee Party under this Agreement shall be made by bank wire transfer in immediately available funds to an account in the name of the Payee Party designated in writing by the Payee Party.
The Payee Party shall prepare a statement (the “Intercompany Indemnity Statement”) detailing the Payee Party’s calculation of the Intercompany Indemnity Amount for which the Payee Party is seeking payment and deliver the Intercompany Indemnity Statement to the Paying Party.
If the audit demonstrates that the payments owed under this Agreement have been understated, the Paying Party will pay the balance to the Payee Party, together with interest in accordance with Section 8.3. Further, if the amount of the understatement is greater than 5% of the amount owed to such Payee Party with respect to the audited period, then the Paying Party will reimburse the Payee Party for the reasonable cost of the audit.
Such Payee Party will bear all of the costs of such audit, except as provided below.

More Definitions of Payee Party

Payee Party means any Party that is seeking payment from a Party pursuant to the provisions of this Agreement.

Payee Party has the meaning given in Clause 21.2;

Payee Party has the meaning set forth in Section 10.19.

Payee Party means the Party receiving or entitled to receive a payment pursuant to Article 8 (Payment).

Payee Party has the meaning set forth in Section 9.8 (Taxes).

Payee Party has the meaning set out in Clause 10.10.2;

Payee Party shall have the meaning ascribed to it in Section 7.3 (Taxes).