Original Obligee definition
Examples of Original Obligee in a sentence
Corporate Obligee and Obligor hereby further acknowledge and agree that (x) each Equipment Agreement Supplement executed by Original Obligee and Obligor for each Original Item of Equipment evidences that such Original Item is leased under, and is subject to, all of the terms, provisions and conditions of this Equipment Agreement, and (y) constitutes Obligor’s unconditional and irrevocable acceptance of such Original Item for all purposes of this Equipment Agreement.
The A Loans made by each A Lender to Original Obligee and assumed by Corporate Obligee shall be evidenced by A Notes, duly executed by Corporate Obligee and payable to the order of such A Lender in an original principal amount equal to such A Lender’s A Loan specified in Schedule 3 hereto.
City of ▇▇▇▇▇▇ Industrial Development Agency and [Lender] , hereinafter, referred to as Additional Obligee(s), have requested the Principal and Surety to join with the Original Obligee in the execution and delivery of this Rider, and the Principal and Surety have agreed so to do upon the conditions herein stated.