Obligee definition: Copy, customize, and use instantly
Introduction
The term "Obligee" refers to the party that is entitled to receive a benefit or performance from another party under a contract. It is crucial for identifying the recipient of obligations within an agreement, ensuring clarity about the party that will receive the agreed-upon payments or actions. The definition of "Obligee" can vary depending on the context in which it is used, such as loan agreements, insurance policies, or construction contracts.
Below are various examples of how "Obligee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Obligee" in the context of a financial contract
This definition ties "Obligee" to the party entitled to receive a benefit or performance under a contract.
"Obligee" refers to the party to whom an obligation is owed, typically the recipient of a payment or performance as specified in a contract.
Definition of "Obligee" in an insurance policy
This definition connects "Obligee" to the party entitled to claim benefits under an insurance agreement.
"Obligee" means the individual or entity entitled to receive the benefits or payments under an insurance policy in the event of a claim.
Definition of "Obligee" in a loan agreement
This definition links "Obligee" to the lender or any party who is the recipient of payments or obligations in a loan agreement.
"Obligee" refers to the lender or other party to whom the borrower is obligated to make payments under the loan agreement.
Definition of "Obligee" in the context of a construction contract
This definition applies "Obligee" to the party receiving performance or payment under a construction agreement.
"Obligee" refers to the project owner or contractor who is entitled to receive the services or goods as per the construction contract.
Definition of "Obligee" in a surety bond
This definition connects "Obligee" to the party protected by a surety bond.
"Obligee" means the beneficiary of a surety bond who is entitled to payment or performance if the principal fails to fulfill its obligations.
Definition of "Obligee" in a partnership agreement
This definition links "Obligee" to a partner entitled to receive a specific performance or benefit in the partnership.
"Obligee" refers to a partner in a partnership who is entitled to receive performance or other agreed benefits as specified in the partnership agreement.
Definition of "Obligee" in a performance bond
This definition ties "Obligee" to the party receiving performance or compensation under a performance bond.
"Obligee" means the party who is entitled to receive compensation or performance under a performance bond in the event of non-performance by the obligor.
Definition of "Obligee" in an employment contract
This definition associates "Obligee" with the party entitled to benefit from terms stipulated in an employment agreement.
"Obligee" refers to the employee or party who is entitled to certain benefits or payments as specified in the employment contract.
Definition of "Obligee" in a franchise agreement
This definition connects "Obligee" to the party who is entitled to receive obligations under the terms of a franchise agreement.
"Obligee" means the franchisee or franchisor entitled to performance or payments under the franchise agreement.
Definition of "Obligee" in a real estate agreement
This definition links "Obligee" to the party who benefits from certain obligations under a real estate contract.
"Obligee" refers to the buyer, seller, or other party in a real estate agreement entitled to receive a specific performance or benefit.
Definition of "Obligee" in a lease agreement
This definition ties "Obligee" to the landlord or tenant entitled to obligations under a lease agreement.
"Obligee" refers to the landlord or tenant who is entitled to receive performance or payments under the lease agreement.
Definition of "Obligee" in a settlement agreement
This definition associates "Obligee" with a party entitled to compensation or performance under a settlement.
"Obligee" means the party who is entitled to receive compensation, services, or any other performance as part of a settlement agreement.
Definition of "Obligee" in a procurement contract
This definition connects "Obligee" to the entity benefiting from goods or services in a procurement contract.
"Obligee" refers to the buyer or procuring entity entitled to receive the goods, services, or performance from a supplier under a procurement contract.
Definition of "Obligee" in a trust agreement
This definition links "Obligee" to the beneficiary of a trust who is entitled to the trust’s benefits.
"Obligee" means the beneficiary of a trust who is entitled to receive the benefits and income as outlined in the trust agreement.
Definition of "Obligee" in a secured transaction
This definition ties "Obligee" to a party entitled to receive payment or performance under a secured transaction.
"Obligee" refers to the secured party entitled to enforce the obligations or claims under a secured transaction agreement.
Definition of "Obligee" in an intellectual property agreement
This definition connects "Obligee" to the party entitled to royalties or benefits under an intellectual property agreement.
"Obligee" means the party entitled to receive royalties, benefits, or other obligations under an intellectual property license agreement.
Definition of "Obligee" in a sale of goods contract
This definition applies "Obligee" to the party who benefits from the sale, entitled to receive goods or payment.
"Obligee" refers to the buyer in a sale of goods contract who is entitled to receive the purchased goods or the agreed payment.
Definition of "Obligee" in a debt settlement agreement
This definition ties "Obligee" to the party entitled to receive payment under a debt settlement.
"Obligee" means the creditor or entity entitled to receive payments as part of a debt settlement agreement.
Definition of "Obligee" in a settlement trust
This definition connects "Obligee" to the individual or entity that receives benefits from a trust after a settlement.
"Obligee" refers to the party entitled to receive the proceeds, assets, or benefits from a settlement trust.
Definition of "Obligee" in a credit agreement
This definition links "Obligee" to the lender or any entity receiving obligations under a credit facility.
"Obligee" means the lender or other parties entitled to receive performance or payment under the terms of the credit agreement.
Definition of "Obligee" in a service level agreement
This definition ties "Obligee" to the party receiving services or performance under a service level agreement.
"Obligee" refers to the client or customer entitled to receive services or performance under the service level agreement.
Definition of "Obligee" in an agency agreement
This definition connects "Obligee" to the principal or party receiving actions carried out by the agent.
"Obligee" means the principal or party entitled to receive the actions performed by the agent as per the terms of the agency agreement.
Definition of "Obligee" in a payment bond
This definition links "Obligee" to the party receiving payment or performance under a payment bond.
"Obligee" refers to the party who is entitled to receive payment or performance under a payment bond in the event of default by the principal.
Definition of "Obligee" in a debt recovery agreement
This definition ties "Obligee" to the creditor who benefits from debt recovery efforts.
"Obligee" means the creditor or entity that is entitled to receive the recovered debt as per the debt recovery agreement.
Definition of "Obligee" in an indemnity agreement
This definition connects "Obligee" to the party entitled to indemnification under the agreement.
"Obligee" refers to the party entitled to be indemnified by another party under the indemnity agreement.
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Introduction
The term "Obligee" refers to the party that is entitled to receive a benefit or performance from another party under a contract. It is crucial for identifying the recipient of obligations within an agreement, ensuring clarity about the party that will receive the agreed-upon payments or actions. The definition of "Obligee" can vary depending on the context in which it is used, such as loan agreements, insurance policies, or construction contracts.
Below are various examples of how "Obligee" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Obligee" in the context of a financial contract
This definition ties "Obligee" to the party entitled to receive a benefit or performance under a contract.
"Obligee" refers to the party to whom an obligation is owed, typically the recipient of a payment or performance as specified in a contract.
Definition of "Obligee" in an insurance policy
This definition connects "Obligee" to the party entitled to claim benefits under an insurance agreement.
"Obligee" means the individual or entity entitled to receive the benefits or payments under an insurance policy in the event of a claim.
Definition of "Obligee" in a loan agreement
This definition links "Obligee" to the lender or any party who is the recipient of payments or obligations in a loan agreement.
"Obligee" refers to the lender or other party to whom the borrower is obligated to make payments under the loan agreement.
Definition of "Obligee" in the context of a construction contract
This definition applies "Obligee" to the party receiving performance or payment under a construction agreement.
"Obligee" refers to the project owner or contractor who is entitled to receive the services or goods as per the construction contract.
Definition of "Obligee" in a surety bond
This definition connects "Obligee" to the party protected by a surety bond.
"Obligee" means the beneficiary of a surety bond who is entitled to payment or performance if the principal fails to fulfill its obligations.
Definition of "Obligee" in a partnership agreement
This definition links "Obligee" to a partner entitled to receive a specific performance or benefit in the partnership.
"Obligee" refers to a partner in a partnership who is entitled to receive performance or other agreed benefits as specified in the partnership agreement.
Definition of "Obligee" in a performance bond
This definition ties "Obligee" to the party receiving performance or compensation under a performance bond.
"Obligee" means the party who is entitled to receive compensation or performance under a performance bond in the event of non-performance by the obligor.
Definition of "Obligee" in an employment contract
This definition associates "Obligee" with the party entitled to benefit from terms stipulated in an employment agreement.
"Obligee" refers to the employee or party who is entitled to certain benefits or payments as specified in the employment contract.
Definition of "Obligee" in a franchise agreement
This definition connects "Obligee" to the party who is entitled to receive obligations under the terms of a franchise agreement.
"Obligee" means the franchisee or franchisor entitled to performance or payments under the franchise agreement.
Definition of "Obligee" in a real estate agreement
This definition links "Obligee" to the party who benefits from certain obligations under a real estate contract.
"Obligee" refers to the buyer, seller, or other party in a real estate agreement entitled to receive a specific performance or benefit.
Definition of "Obligee" in a lease agreement
This definition ties "Obligee" to the landlord or tenant entitled to obligations under a lease agreement.
"Obligee" refers to the landlord or tenant who is entitled to receive performance or payments under the lease agreement.
Definition of "Obligee" in a settlement agreement
This definition associates "Obligee" with a party entitled to compensation or performance under a settlement.
"Obligee" means the party who is entitled to receive compensation, services, or any other performance as part of a settlement agreement.
Definition of "Obligee" in a procurement contract
This definition connects "Obligee" to the entity benefiting from goods or services in a procurement contract.
"Obligee" refers to the buyer or procuring entity entitled to receive the goods, services, or performance from a supplier under a procurement contract.
Definition of "Obligee" in a trust agreement
This definition links "Obligee" to the beneficiary of a trust who is entitled to the trust’s benefits.
"Obligee" means the beneficiary of a trust who is entitled to receive the benefits and income as outlined in the trust agreement.
Definition of "Obligee" in a secured transaction
This definition ties "Obligee" to a party entitled to receive payment or performance under a secured transaction.
"Obligee" refers to the secured party entitled to enforce the obligations or claims under a secured transaction agreement.
Definition of "Obligee" in an intellectual property agreement
This definition connects "Obligee" to the party entitled to royalties or benefits under an intellectual property agreement.
"Obligee" means the party entitled to receive royalties, benefits, or other obligations under an intellectual property license agreement.
Definition of "Obligee" in a sale of goods contract
This definition applies "Obligee" to the party who benefits from the sale, entitled to receive goods or payment.
"Obligee" refers to the buyer in a sale of goods contract who is entitled to receive the purchased goods or the agreed payment.
Definition of "Obligee" in a debt settlement agreement
This definition ties "Obligee" to the party entitled to receive payment under a debt settlement.
"Obligee" means the creditor or entity entitled to receive payments as part of a debt settlement agreement.
Definition of "Obligee" in a settlement trust
This definition connects "Obligee" to the individual or entity that receives benefits from a trust after a settlement.
"Obligee" refers to the party entitled to receive the proceeds, assets, or benefits from a settlement trust.
Definition of "Obligee" in a credit agreement
This definition links "Obligee" to the lender or any entity receiving obligations under a credit facility.
"Obligee" means the lender or other parties entitled to receive performance or payment under the terms of the credit agreement.
Definition of "Obligee" in a service level agreement
This definition ties "Obligee" to the party receiving services or performance under a service level agreement.
"Obligee" refers to the client or customer entitled to receive services or performance under the service level agreement.
Definition of "Obligee" in an agency agreement
This definition connects "Obligee" to the principal or party receiving actions carried out by the agent.
"Obligee" means the principal or party entitled to receive the actions performed by the agent as per the terms of the agency agreement.
Definition of "Obligee" in a payment bond
This definition links "Obligee" to the party receiving payment or performance under a payment bond.
"Obligee" refers to the party who is entitled to receive payment or performance under a payment bond in the event of default by the principal.
Definition of "Obligee" in a debt recovery agreement
This definition ties "Obligee" to the creditor who benefits from debt recovery efforts.
"Obligee" means the creditor or entity that is entitled to receive the recovered debt as per the debt recovery agreement.
Definition of "Obligee" in an indemnity agreement
This definition connects "Obligee" to the party entitled to indemnification under the agreement.
"Obligee" refers to the party entitled to be indemnified by another party under the indemnity agreement.
Definition of "Daily Settlement Amount" in a derivatives agreement
This definition connects "Daily Settlement Amount" to the amount exchanged daily to settle any open positions in derivatives.
"Daily Settlement Amount" means the amount calculated daily to settle any variation margin or gains and losses based on the daily mark-to-market of the derivative position.
Definition of "Daily Settlement Amount" in a securities lending agreement
This definition ties "Daily Settlement Amount" to the daily amount exchanged between the borrower and lender of securities.
"Daily Settlement Amount" refers to the amount due on a daily basis as a result of securities lending or borrowing, including interest or fees.
Definition of "Daily Settlement Amount" in a trading agreement
This definition links "Daily Settlement Amount" to the cash balance to be paid or received daily based on market fluctuations.
"Daily Settlement Amount" means the amount that is due or receivable each day as a result of trading activities, reflecting profits or losses.
Definition of "Daily Settlement Amount" in a futures contract
This definition connects "Daily Settlement Amount" to the net position's daily settlement in futures contracts.
"Daily Settlement Amount" refers to the net amount payable or receivable daily in connection with the settlement of open futures contracts.
Definition of "Daily Settlement Amount" in a clearing agreement
This definition ties "Daily Settlement Amount" to the daily settlement required to clear transactions between clearing members.
"Daily Settlement Amount" means the aggregate amount required to settle obligations between clearing members on a daily basis.
Definition of "Daily Settlement Amount" in an energy trading contract
This definition connects "Daily Settlement Amount" to the amount to be paid or received for energy contracts on a daily basis.
"Daily Settlement Amount" refers to the daily amount payable for the settlement of energy trading contracts, based on fluctuations in energy prices.
Definition of "Daily Settlement Amount" in a commodities trading agreement
This definition links "Daily Settlement Amount" to the daily amount to be paid as a result of trading commodities.
"Daily Settlement Amount" means the amount payable or receivable daily, based on changes in the price of the traded commodities.
Definition of "Daily Settlement Amount" in a margin agreement
This definition ties "Daily Settlement Amount" to the amount required to be paid daily to cover margin calls.
"Daily Settlement Amount" refers to the amount due daily to meet margin requirements, based on the movements in the value of the underlying asset.
Definition of "Daily Settlement Amount" in an interest rate swap agreement
This definition connects "Daily Settlement Amount" to the net daily settlement of interest rate swaps.
"Daily Settlement Amount" means the amount that is calculated daily to settle the net difference in payments under the interest rate swap agreement.
Definition of "Daily Settlement Amount" in a loan agreement
This definition links "Daily Settlement Amount" to the amount required for daily repayment or interest accrual under a loan agreement.
"Daily Settlement Amount" refers to the daily sum due for payment or interest on the principal amount under the loan agreement.
Definition of "Daily Settlement Amount" in a foreign exchange contract
This definition ties "Daily Settlement Amount" to the net amount exchanged daily in a foreign exchange contract.
"Daily Settlement Amount" means the daily amount that is settled based on the net difference in currency values in the foreign exchange contract.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.