Payor definition

Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.
Payor shall have the meaning assigned in Section 8.5(a).
Payor has the meaning set forth in Section 4.3(a) of this Agreement.

Examples of Payor in a sentence

  • Should a Payor request extended payment terms in excess of sixty (60) days, Xxxxxx will secure advance written approval from Vericel.

  • Xxxxxx shall not enter into any agreement with a Payor covering the Product unless Vericel has approved the reimbursement amount for the Product in writing.


More Definitions of Payor

Payor shall have the meaning assigned to such term in Section 4.06.
Payor has the meaning set forth in Section 6.2.
Payor shall have the meaning set forth in Section 5.04(a) of this Agreement.
Payor means as specified in Section 3.4.
Payor means any person or entity paying monies, income or earnings to an obligor. In the case of a self-employed person, the "payor" and "obligor" may be the same person;
Payor has the meaning specified in Section 10.12.