Permitted Payee definition

Permitted Payee means any Company Person (or any Affiliate, Permitted Transferee or other transferee of any of the foregoing).

Permitted Payee means any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant (or any Immediate Family Member or transferee of any of the foregoing) of the Parent Borrower (or any Parent Company or any subsidiary).

Permitted Payee means any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant (or any Immediate Family Member or transferee of any of the foregoing) of the Company (or any subsidiary).

Examples of Permitted Payee in a sentence

• Any payments or property received by the Permitted Holder or any Permitted Payee in breach of this Section 7 shall be held by the Permitted Holder or such Permitted Payee in trust and promptly delivered in the form received to the holder of Senior Indebtedness entitled to receive the same (any such payment or property delivered by the Permitted Holder or such Permitted Payee to any holder of Senior Indebtedness, a “Turnover Payment”).

• To the maximum extent permitted under applicable Law, Grace agrees that any Turnover Payment shall be treated as a payment by Grace on account of such Senior Indebtedness and shall not satisfy Grace’s obligation with respect to any amount due to the Permitted Holder or such Permitted Payee under this Deferred Payment Agreement (ZAI).

• For example, it denies funding fromthe national funds to organisations working on domestic violenceand implementing the Istanbul Convention, and providing aid to migrants and refugees, as well as to NGOs critical of the government.

More Definitions of Permitted Payee

Permitted Payee any future, current or former director, officer, member of management, manager, employee, independent contractor or consultant (or any Affiliate, immediate family member or transferee of any of the foregoing) of the Parent (or any Subsidiary) or any Parent Entity.

Permitted Payee means, as of any date of determination, the Permitted Holder or any permitted assignee of all or any portion of the Deferred Payments (ZAI) and the rights and interests therein and thereto pursuant to the terms and conditions of Section 16.

Permitted Payee means either:

Permitted Payee has the meaning set forth in the Deferred Payment Agreement (PD).

Permitted Payee has the meaning set forth in the Deferred Payment Agreement (PI).

Permitted Payee has the meaning set forth in the Deferred Payment Agreement (ZAI).

Permitted Payee has the meaning set forth in the Deferred Payment Agreement (PD).