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What is an obligee?

What is an obligee? Here are some definitions.

Noun
  1. (law, finance) The party owed an obligation by another party, the obligor.
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Examples
The surety, under the bond, agrees to remedy the contractor's default under the contract with the obligee.
An agreement between an obligor and an obligee as to what is commercially reasonable shall, subject to paragraph 3, be conclusive.
Instead, the surety is engaged in making taxable supplies of construction services to the obligee.
The Contract required Company B to purchase a performance bond identifying Company A as the obligee.
This clause is significant, because the obligee may have losses in excess of the penalty of the bond.
If the condition were to enfeoff the obligee of all his lands in the county, in an action of debt he could say that he had no land within the same county.

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