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The Principal party and the indemnifiers have approached the ban to refund
the amount of the lost cheques to the Principal Party to which the bank has
agreed to provided the Principal Party and the indemnifiers agree jointly
and severally to indemnify and keep indemnities the bank against all
losses, damages, harms, detriments, liabilities, demands and costs that may
be sustained or incurred or made against the bank by reason of the bank
refunding the amount as aforesaid.
That is consideration of the bank having, agreed at request of the Principal
Party and the indemnifiers to refund the said amount of Rs. ____________
against lost ___________________. The Principal Party and the
indemnifiers hereby undertake, agree and bind themselves jointly and
severally at all time, to indemnify and keep the bank indemnities and
harmless against all claims, demands, proceedings, losses, liabilities,
harms, damages, detriment, cost, charges and expenses and consequences
which the bank may sustain, incur or be further liable for by reasons of the
bank remolding the amount of the said _____________ of Rs. __________
(rupees __________________________) to the Principal Party. The
Principal Party undertakes to return to the bank the said
T.D.R. No. ______________ if found hereafter.
That the Principal Party and the indemnifiers further jointly and severally
agree that within two days after demand they shall make payment of all
their liabilities arising against them on account of this indemnity bond
without any question of any mature whatsoever.
In witness whereof the Principal Party and the indemnifiers have signed
and executed this bond in favour of _____________________________
on the day and year mentioned hereinabove.
________________________
PRINCIPAL PARTY
WITNESSES: -
1. ______________
2. ______________
1. ___________________
2. ___________________
INDEMNIFIERS