Obligee. The Department shall be named as the obligee/beneficiary of the bond. Contractor's bond will provide that the insurer or bonding company shall be obliged to provide performance or payment remuneration directly to the Department.
Obligee. The Division shall be named as the beneficiary of the bond. The insurer or bonding company shall pay losses suffered by the State directly to the Division.
Obligee. The Department shall be named as the beneficiary of the bond. The insurer or bonding company shall pay losses suffered by the state of Florida directly to the Department.
Obligee. Royal Bank of Canada; UMB Bank; BMO Xxxxxx Bank; Coöperatieve Rabobank U.A., New York Branch; Xxxxxxx Xxxxx Bank USA; MUFG Bank, Xxxxx Fargo Bank, National Association Collateral: Unsecured SCHEDULE 5.15 - 1 As of the date of the Note Purchase Agreement, the outstanding balance on the Revolving Line of Credit is $0 (thus, reducing the above total to $1,307,342,000).
Obligee. Government entity or person requiring principal to be bonded.
Obligee. A Performance Bond shall name DISTRICT as obligee. All performance bonds, if any, purchased by Subcontractors shall name DISTRICT as a dual obligee with CONTRACTOR.
Obligee. The Department shall be named as the beneficiary of the bond. The insurer or bonding company shall pay losses suffered by the State directly to the Department.
Obligee. The party a bond protects from loss; the beneficiary of the bond. For example the project owner on a construction site. Payment Bonds A bond given to guarantee payment, usually of a contractor to sub-contractors and sup- pliers. This is frequently the only protection offered those supplying work or materials to a public job Performance Bonds Bonds guaranteeing performance of the terms of a contract. These protect the owner of the contract from financial loss should the contractor refuse or be unable to fulfill the contract obligations.
Obligee. A. If you stop working for any reason, or your pay either increases or decreases;
Obligee is the person in whose favor the bond is issued or the undertaking of the surety is made. He will be paid or reimbursed if the principal fails to perform his obligation. In relation to the obligation of the principal and the surety, the oblige is the creditor or the active subject
