PAY OBLIGEE Sample Clauses

PAY OBLIGEE. Determine the amount of which it is liable to the Obligee and pay the Obligee that amount as soon as practicable; or
Sample 1
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PAY OBLIGEE. Determine the total amount for which it is liable to the Obligee and pay the Obligee that amount as soon as practicable. This obligation shall not negate or limit the Surety’s obligation to make monthly payments to the Obligee as provided below in this Bond prior to paying such total amount. If Surety elects to proceed under 3.2 or until such time as Surety proceeds under either 3.1 or 3.3, the Surety shall timely make available each month as work progresses sufficient funds to pay the cost of completion. The final amount of such funds shall be reduced by the balance of the Trade Contract Amount received by Obligee and then due Principal per the Trade Contract. The cost of completion includes the responsibilities of the Principal for the entire cost as defined in the Trade Contract including, but not limited to, those relating to the correction of defective work and completion of the Trade Contract, the Obligee's legal and design professional costs resulting directly from the Principal's default and liquidated and actual damages. The term "balance of the Trade Contract Amount", as used in this paragraph, shall mean the total amount payable by the Obligee to the Principal under the Trade Contract and any amendments to it, less the amount properly paid by the Obligee to the Principal per the Trade Contract.
Sample 1

Related to PAY OBLIGEE

  • Policy Obligations Contractor’s indemnity and other obligations shall not be limited by the foregoing insurance requirements.

  • Agency Obligations In consideration of the covenants of BNSF set forth herein and the faithful performance thereof, Agency agrees as follows:

  • Payment and Performance Bonds The Contractor shall comply with the following minimum bonding requirements:

  • Indebtedness Create, incur, assume or suffer to exist any Indebtedness, except:

  • Statutory Obligations Nothing in this Agreement shall be construed to modify, eliminate or detract from the statutory responsibilities and obligations of the Employer except that the exercise of its rights in the furtherance of such statutory obligations shall not be in conflict with the provisions of this Agreement.

  • Payment and Performance Bond Prior to the execution of this Contract, City may require Contractor to post a payment and performance bond (Bond). The Bond shall guarantee Contractor’s faithful performance of this Contract and assure payment to contractors, subcontractors, and to persons furnishing goods and/or services under this Contract.

  • LESSOR OBLIGATIONS 3.1 - The Lessor shall furnish to the Lessee and pay the cost of the following:

  • Company Obligations The Company will use commercially reasonable efforts to effect the registration of the Registrable Securities in accordance with the terms hereof, and pursuant thereto the Company will, as expeditiously as possible:

  • CONTRACTOR OBLIGATION Contractor shall identify and mark the precise portion(s) of the relevant page(s) of any records provided to Enterprise Services that Contractor believes are statutorily exempt from disclosure and identify the precise statutory basis for exemption from disclosure. In addition, if, in Contractor’s judgment, certain portions of such records are not statutorily exempt from disclosure but are sensitive because particular portions of Contractor’s records (NOT including pricing) include highly confidential, proprietary, or trade secret information (or the equivalent) that Contractor protects through the regular use of confidentiality or similar agreements and routine enforcements through court enforcement actions, Contractor shall identify and mark the precise portion(s) of the relevant page(s) of any records that include such sensitive information.

  • Contractor Obligations The Contractor is responsible for fully meeting all Contract obligations set forth in the OGS Centralized Contract and for providing services in accordance with the Contract and any Authorized User Agreement, Statement of Work or Purchase Order.

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