Examples of Obligee in a sentence
By this Bond as Principal (hereinafter called “the Contractor”) and ] as Surety (hereinafter called “the Surety”), are held and firmly bound unto ] as Obligee (hereinafter called “the Employer”) in the amount of for the payment of which sum well and truly to be made in the types and proportions of currencies in which the Contract Price is payable, the Contractor and the Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Obligee shall release this Bond upon the occurrence of all of the conditions to release set forth in Section 8.1.3 of the DBA.
THIS BOND may be cancelled by Surety by giving thirty (30) days written notice to the Obligee by registered mail.
A Completion Bond issued by [enter] as [enter], in the amount of [enter] to the District as Obligee for completion of the construction and alteration of Drain A as described in this Agreement to be paid to District to assure such completion, a copy of which Completion Bond has been attached hereto and incorporated herein by reference as Exhibit E.
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.