obligee


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Obligee

The party to an agreement to whom an obligation is owed. An obligation is a requirement, especially a legal one. For example, an investor may have a legal obligation to disclose his/her investments to the SEC. In this circumstance, the obligee is the SEC. See also: Obligor.

obligee

A party to whom an obligation is owed.A lender is an obligee.
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References in periodicals archive ?
The obligee must fulfill its obligations under the invitation to bid, the bid document and the procurement statutes.
Instead, after the obligor has asserted the expiration of the limitation as a defence, the obligee can no longer exercise the right of set-off.
From an obligee's perspective, there is need for caution in circumstances where the underlying obligation may be deemed impracticable and/or immeasurable and the application of the discretion of the judge may result in a much lower recovery than the obligee may have anticipated.
Obligor shall pay rehabilitative alimony to Obligee in the amount of $--per month, payable ( ) in accordance with Obligor's employer's payroll cycle, and in any event, at least once a month or ( ) other (explain)--beginning (date)--.
If the obligee in that same hypothetical scenario earned $4,000 per month, the obligor would pay $1,496 per month, a difference of $494 per month.
Tendering a completion contractor to the bond obligee
Additionally, the Hague Convention seeks to allow state courts to exercise jurisdiction in a manner consistent with minimum contacts type rules, as opposed to the "habitual residence" of the obligee and child rules, as was the case under previous treaties and in most foreign jurisdictions.
Unlike the proposed treatment for private annuities, Alternative 1 allows the gain on the sale of the property to be reported over the term of the installment sale, regardless of when the obligee dies.
It ensures that subcontractors and suppliers will be paid so that the obligee will not be held responsible for payments due if the principal fails to pay.
This statutory change authorizes the court to reduce or terminate alimony based upon a finding that a "supportive relationship exists between the obligee and the person with whom the obligee resides.
II constituera cercainement une reference obligee pour tous les chercheurs qui s'interessent a ces questions et pour les decideurs qui s'interrogent sur las mesures a prendre pour que l'ecole reponde miaux aux defis que represente 1'evo1ution de nos societes.