Paying agency definition

Paying agency means the body or the bodies assigned by a Member State in accordance with Regulation (EC) No 1290/2005;

Paying agency means an agency of the Federal Government owing money to a debtor against which an adminis- trative or salary offset can be effected.

Paying agency means the agency of the Federal government that employs the individual who owes a debt to an agency of the Federal government. In some cases, the Commission may be both the creditor agency and the paying agency. [62 FR 38019, July 16, 1997, as amended at 68 FR 32976, June 3, 2003] § 201.202 Purpose and scope of salary and administrative offset rules. (a) Purpose. The purpose of sections 201.201 through 201.207 is to implement 5 U.S.C. 5514, 31 U.S.C. 3716, and 31 U.S.C. 3720A which authorize the collection by salary offset, administrative offset, or tax refund offset of debts owed by persons, organizations, or entities to the Federal government. Generally, however, a debt may not be collected by such means if it has been outstanding for more than ten years after the agency's right to collect the debt first accrued. These proposed regulations are consistent with the Office of Personnel Management regulations on salary offset, codified at 5 CFR Part 550, subpart K, and with regulations on administrative offset codified at 31 CFR part 901. (b) Scope. (1) Sections 201.201 through 201.207 establish agency procedures for the collection of certain debts owed the Government. (2) Sections 201.201 through 201.207 apply to collections by the Commission from:

Examples of Paying agency in a sentence

• All Transfer Documents shall provide that all recorded documents be returned to the Custodian at its notice address set forth in Section 7.3, as such address might be modified in the manner provided in the Custodial and Paying Agency Agreement.

• The Servicer shall not cause funds from any other source (other than interest or earnings on the Loan Proceeds and the proceeds of Excess Working Capital Advances and Discretionary Funding Advances and other funds expressly permitted to be deposited into the Collection Account pursuant to the Custodial and Paying Agency Agreement) to be commingled in the Collection Account.

• Except as otherwise directed by the Manager, the Servicer shall not cause funds from any other source (other than interest or earnings on the Working Capital Reserve) to be commingled in the Working Capital Reserve Account (it being understood that deposits into such Working Capital Reserve Account shall be made only pursuant to the Custodial and Paying Agency Agreement).

• The Debtor will duly and punctually pay, or cause the Custodian/Paying Agent to pay, the principal and interest of the Purchase Money Note as it comes due in accordance with the terms of the Purchase Money Note, this Agreement and the Custodial and Paying Agency Agreement.

• On each Distribution Date, the Debtor will direct the Custodian/Paying Agent to distribute amounts on deposit in the Distribution Account to Collateral Agent in payment of any amounts owed by the Debtor to Purchase Money Note Guarantor or Collateral Agent pursuant to this Agreement, subject to the priority of payments set forth in Section 5.1 of the Custodial and Paying Agency Agreement and the other terms thereof.

More Definitions of Paying agency

Paying agency means the insurer, self-insured employer, or designated representative of the self-insured employer, responsible for paying compensation for a compensable injury.

Paying agency means the agency that employs the Federal employee who owes the debt and authorizes the payment of his or her current pay. A paying agency also includes an agency that performs payroll services on be- half of the employing agency.

Paying agency means the authorities and bodies referred to in Article 4 of Council Regulation (EC) No 1258/1999 (1);

Paying agency means the agency employing the individual and author- izing the payment of his or her current pay.

Paying agency means the insurer, self-insured employer, self-insured employer

Paying agency means the agency of the Federal Government that em- ploys the individual who owes a debt to an agency of the Federal Government. The same agency may be both the cred- itor agency and the paying agency.

Paying agency means the authorities and bodies referred to in Article 8(1) of Regulation (EC) No 1290/2005;