"Obligee" Example Sentences
1. The obligee in this contract is the government.
2. As the obligee, you have the right to demand payment from the surety.
3. The obligee must provide the necessary documentation to the surety.
4. The obligee cannot waive its right to demand payment from the surety.
5. The obligee can assign its rights under the contract to a third party.
6. The obligee has the power to terminate the contract if the principal fails to perform.
7. The obligee has the right to seek damages from the principal for any breach of contract.
8. The obligee must provide notice to the surety before making a claim for payment.
9. The obligee can waive its right to demand payment from the surety if it chooses to do so.
10. The obligee can transfer its rights under the contract to another entity.
11. The obligee is entitled to receive payment from the surety if the principal fails to perform.
12. The obligee must provide evidence of the principal's breach of contract to the surety.
13. The obligee can pursue legal action against the principal if necessary.
14. The obligee is not responsible for any actions or obligations of the surety.
15. The obligee cannot be held liable for any actions of the principal or surety.
16. The obligee has the right to receive a copy of the contract and any amendments.
17. The obligee is responsible for providing accurate and complete information to the surety.
18. The obligee must notify the surety in writing of any changes to the contract.
19. The obligee can request that the principal obtain additional surety bonds.
20. The obligee can seek injunctive relief if the principal's actions cause irreparable harm.
21. The obligee is authorized to act on behalf of the government in contractual matters.
22. The obligee has the right to audit the principal's financial records.
23. The obligee must consent to any changes in the surety bond.
24. The obligee must provide notice to the contractor before terminating the contract.
25. The obligee is entitled to receive payment for any damages caused by the principal's breach.
26. The obligee can request that the principal provide a performance bond.
27. The obligee can withhold payments from the principal until performance is complete.
28. The obligee must provide the surety with any information it needs to investigate a claim.
29. The obligee cannot modify the terms of the contract without the consent of the principal and surety.
30. The obligee must comply with all laws and regulations related to the contract.
Common Phases
1. The
obligee has the power to enforce the terms of the contract;
2. The
obligee can take legal action if the obligor fails to fulfill their obligations;
3. The
obligee has the right to receive the promised performance from the obligor;
4. The
obligee may require the obligor to provide security for their obligations;
5. The
obligee can waive their right to receive performance from the obligor.