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Electric Idemnity Bond

1) This document is an indemnity bond between an individual ("principal party") and the Haryana State Electricity Board. 2) The principal party has applied for an industrial electricity connection but does not have consent from the landlord. 3) The bond indemnifies the electricity board against any claims or damages from providing the connection to the principal party without landlord consent. The principal party and two sureties are jointly and severally liable.

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Harish Sharma
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100 views3 pages

Electric Idemnity Bond

1) This document is an indemnity bond between an individual ("principal party") and the Haryana State Electricity Board. 2) The principal party has applied for an industrial electricity connection but does not have consent from the landlord. 3) The bond indemnifies the electricity board against any claims or damages from providing the connection to the principal party without landlord consent. The principal party and two sureties are jointly and severally liable.

Uploaded by

Harish Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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INDEMNITY BOND

Know all men by these present that I,…………………………………………………

Son of…………………………………..resident of………………………………………..

in the district of………………………………………………………………(hereinafter

called the “Principal Party” and Shri……………………………………………………….

Son of ………………………………… resident of………………………………………..

and Sh…………………………………….S/o……………………………………………..

resident of ……………………………………………………….., sureties on behalf of

the Principal Party do hereby jointly and severally bind ourselves and our respective
heirs,executors, administrators and legal representatives to indemnify to the Haryana
State Electricity Board (thereinafter called the Board, which expression shall include its
successors and assigns)on demand the entire cost and damages in respect of all actions,
proceedings or any damages claimed or to be claimed against the Board by any person
including the landlord Shri………………………..S/o…………………………………….
(name of the landlord) or any person claiming through or under him at any stage by
reason of giving of the electric connection by the Board to the principal party.

Dated this ……………day …………….month of…………………year two thousand


…………….

Whereas the above bounden principal party namely Shri…………………………….


has applied for as industrial connection in the premises of his workship known as……….

Contd…Page..2…
/2/

And whereas the principal party is the lawful occupier of premises but it has not been
possible for him to obtain the consent of his landlord for the installation of the above said
industrial connection.

And whereas the connection has been sanctioned to him the principal party subject to
his furnishing an indemnity bond in favour of the Board indemnifying the Board against
all actions, proceedings or damages claimed or to be claimed against the Board by any
person including the landlord Shri………………………..S/o……………………………..
or any person claiming through or under him at any stage by reason of giving of the
electric connection by the Board of the principay party.

And whereas the principal party has agreed to execute such a bond in favour of the
Board as desired by it. Now therefore, this agreement witnesses that the principal party
agrees and covenants with the said Board that the principal party dos indemnify and shall
hereinafter keep indemnified the said Board against all actions, proceedings or damages
claimed or that may be claimed against the Board by any person including the landlord
Shri………………………………………..S/o Sh……………………………………….or
any person claiming through or under him at any stage by reason of giving of the electric
connection by the Board to the principal party.

2. And the principal party, his heirs, executors and successors hereby covenant with the
Board and its successors in interest that the above said bounden principal party shall on
demand pay to the Board all such sum or sums of money for which the Board shall incur
liability or which it shall rightfully pay by reason of or consequence of the aforesaid
connection now being given to the above bounden Principal Party and that on his failure
to do so the Board shall have the power to realize the same from the above said bounden
Principal Party and his properly of all types by private negotiations or by court
proceedings.

3. And upon the above bounden Principal Party Shri…………………………………….


and Shri…………………………………..and/or Shri……………………………………..
The sureties aforesaid making up paying such damages/cost to the Board the above
written obligation shall be void and of no effect otherwise it shall be and remain in full
force and virtue

Contd…Page..3..
/3/

4. Provided always that the liability of the sureties hereunder shall not be impaired or
discharged by reason of time being granted or by forbearances, act or omission of the
Board or any person authorized by it (whether with or without consent or knowledge of
the sureties) nor shall it be necessary for the Board to sue the said bounden Principal
Party before suing the above bounden sureties Shri………………………………………
and Shri……………………………or any of them for amounts/damages due hereunder.

5. In witness to the above written bond and the conditions thereof we have hereunto
set our hands this………………day of……………two thousand………………………

(Bounden Principal Party)

Witness

………………………………..
(Signature)

Name………………………….

S/o Sh…………………………

R/o…………………………….

…………………………………

…………………………………

Meter No……………………….

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