Obligee Sample Clauses

Obligee. The Department shall be named as the obligee/beneficiary of the bond. Contractor's bond will provide that the insurer or bonding company shall be obliged to provide performance or payment remuneration directly to the Department.

Obligee. The Division shall be named as the beneficiary of the bond. The insurer or bonding company shall pay losses suffered by the State directly to the Division.

Obligee. The Department shall be named as the beneficiary of the bond. The insurer or bonding company shall pay losses suffered by the state of Florida directly to the Department.

Obligee. Royal Bank of Canada; UMB Bank; BMO Xxxxxx Bank; Coöperatieve Rabobank U.A., New York Branch; Xxxxxxx Xxxxx Bank USA; MUFG Bank, Xxxxx Fargo Bank, National Association Collateral: Unsecured As of the date of the Note Purchase Agreement, the outstanding balance on the Revolving Line of Credit is $0 (thus, reducing the above total to $1,307,342,000).

Obligee. A Performance Bond shall name DISTRICT as obligee. All performance bonds, if any, purchased by Subcontractors shall name DISTRICT as a dual obligee with CONTRACTOR.

Obligee. Government entity or person requiring principal to be bonded.

Obligee. The Government shall be named as the beneficiary of the bond. The insurer or bonding company shall pay losses suffered by the State directly to the Government.

Obligee. The party a bond protects from loss; the beneficiary of the bond. For example the project owner on a construction site. A bond given to guarantee payment, usually of a contractor to sub-contractors and sup- pliers. This is frequently the only protection offered those supplying work or materials to a public job Bonds guaranteeing performance of the terms of a contract. These protect the owner of the contract from financial loss should the contractor refuse or be unable to fulfill the contract obligations.

Obligee. STATE OF §

Obligee. Huiyou Digital (Shenzhen) Ltd. [Company Seal Affixed]