Obligor/Obligee Sample Clauses
The Obligor/Obligee clause defines the parties responsible for performing and receiving obligations under a contract. In practice, this clause identifies which party (the obligor) must fulfill a specific duty, such as delivering goods or making payments, and which party (the obligee) is entitled to receive the benefit of that duty. By clearly assigning roles and responsibilities, the clause ensures that each party understands their contractual obligations and rights, thereby reducing confusion and potential disputes over performance.
Obligor/Obligee. Paragraph 1 (Further Assurance) of the Common Terms applies to this Agreement as if set out in full in this Agreement and as if the Issuer were the Obligor and the Lender and the Note Trustee were each Obligees for the purposes of such Paragraph.
Obligor/Obligee. For the purpose of this Agreement, Paragraph 1 (Further Assurance) of Part 1 (General Legal Terms) of the Common Terms applies to this Agreement as if set out in full in this Agreement, and as if the Cash Manager were the Obligor and each of the Issuer and the Trustee were an Obligee for the purposes of such Paragraph.
Obligor/Obligee. For the purposes of this Deed, Paragraph 1 (Further Assurance) of Part 1 (General Legal Terms) of the Common Terms applies to this Deed as if set out in full in this Deed and as if the Issuer were the Obligor and each of the Secured Creditors and Trustee were an Obligee for the purposes of such Paragraph.
Obligor/Obligee. Paragraph 1 (Further Assurance) of the Common Terms applies to this Agreement as if set out in full in this Agreement and as if the Issuer were the Obligor and the Jersey Bank Account Operator an Obligee for the purposes of such Paragraph;
Obligor/Obligee. For the purposes of this Agreement, Paragraph 1 (Further Assurance) of Part 1 of Schedule 2 (General Legal Terms) of the Common Terms applies to this Agreement as if set out in full in this Agreement and as if the Seller were the Obligor and each of the Issuer and the Trustee were an Obligee for the purposes of such Paragraph.
Obligor/Obligee. Paragraph 1 (Further Assurance) of the Common Terms applies to this Agreement as if set out in full in this Agreement and as if the Issuer, the Cash Manager and the Account Bank were Obligors and the Trustee was an Obligee for the purposes of such Paragraph, provided that any and all costs incurred by the Account Bank and the Cash Manager in this regard shall be reimbursed by the Issuer.
Obligor/Obligee. 2.4.1 Paragraph 1 (Further Assurance) of the Issuer Common Terms applies to this Agreement as if set out in full in this Agreement and as if the Issuer were the Obligor and the Liquidity Facility Provider and the Trustee were each Obligees for the purposes of such Paragraph;
2.4.2 This Agreement and all matters arising from or connected with it shall be governed by English law in accordance with Paragraph 25 (Governing Law) of the Issuer Common Terms. Paragraph 26 (Jurisdiction) of the Issuer Common Terms applies to this Agreement as if set out in full in this Agreement.