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Indemnity Bond ! |
This bond of indemnity is made at_______on this______day at
____________________,
AND
_______________Indian Inhabitant, residing at
_________________________(hereinafter called as 'OBLIGOR')
______________________________by its Chairman/Secretary, a co-op housing society
registered as under M.C.S.Act, 1960 (hereinafter called as 'OBLIGEE')
WHEREAS the obligee is a Co-op Housing society registered under the M.C.S. Act,
1960 and is registered as tenant co-operative housing society;
ANDWHEREAS the society has its registered bye-laws duly approved by the
Registrar, Co-Op. Societies and is an obligation on each allottee member/flat
holder/apartment/shop holder to obtain prior permission for effecting the
transfer in favour of any other person than the member/purchaser;
AND WHEREAS the obligor by an agreement dt. ______ has intended to purchase the
flat bearing no. _____which is situated in obligee co-op housing society
comprising of_____rooms form shri/smt.______________who was holding the flat
no. _________.
WHEREAS the obligor for the purpose of validating the transfer approached the
society and society after initially exchanging the correspondence in the matter
came to the conclusion by considering its proposal in the Managing Committee to
recognise the said agreement for effecting the transfer and called the obligor
to execute the indemnity bond for the transfer. As such the obligor is executing
the said bond of indemnity so as to indemnify the obligee against any claims or
demands whatsoever made in respect of the said _______ rooms, in ________ (address)
which is adjacent to __________ premises owned and possessed by the obligor. Are
executing the said bond of indemnify so as to indemnify the obligee against any
claims or demands whatsoever made in respect of the said two rooms, in _____
adjacent to shopping premises owned and possessed by the obligor.
NOW THIS INDENTURE WITNESSETH AS FOLLOWS
That the said obligor their heirs, executors or administrators, assigns shall
from time to time and at all times hereinafter keep indemnified the said obligee
their office bearers from and against all actions, losses, charges, expenses,
claims and demands whatsoever in respect of the said premises comprising of
______ rooms on the obligee validating the transfer of the above mentioned
premises.
IN WITNESS WHEREOF, we the obligor have hereunto set and subscribed their
respective hands and seals the day and year first hereinabove written.
Signed, sealed and delivered
By the abovenamed:-
1)
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