| In consideration of the Greater Noida Industrial
Development Authority, a body constituted under section—3 of the Uttar Pradesh
Industrial Area Development Act, 1976 (U.P. Act no. 6 of 1976) (hereinafter referred to as
‘the promise’ - which expression shall unless the context does not so admit,
include its successors and assigns) having sanctioned the construction of the basement in
the building plans of the factory building to be constructed on Industrial/Residential
plot no………. in sector no……………… situated in
the Greater Noida Industrial Development Area in Tehsil……………..
District…………….. on production of the bond of
Indemnity…………………
by………………………….. son
of……………… aged……… years resident
of………………………… (hereinafter called
the 'promisor' which expression shall unless the context does not so admit include his
heirs, executors, administrators, representatives and permitted assigns) to implement the
promises of any loss or damage caused of the basement referred to above the promisor
hereby agrees to execute his bond of Indemnity. NOW
THEREFORE THIS DEED WITNESSETH AS FOLLOWS
In consideration of the promises having sanctioned the construction of the
basement in the building plan of the factory/residential building to be constructed in
industrial /residential plot no………………
in…………………. sector no………….. situated
in the Greater Noida Industrial Development Area,
Tehsil........................................
District………………….. the promisor agrees to indemnify the
promisee and at all times holds himself liable for all damages and losses caused to the
adjoining building (s) on account of the construction of basement referred to above and
further undertakes to indemnify the promisee any such amount to the full extent which the
promisee may have or to be required to pay to any person (s) having rights in the
adjoining properties on account of the construction of the basement (said) by way of
compensation or otherwise and further to pay all costs and expenses which the promisee may
have to spend in defending any action in the court of Law regarding thereto.
In witness whereof the promisor executed this Bond of Indemnity at Greater Noida
Industrial Development Area, Tehsil…………………
District……………….. on………………..
day of…………………….
(Promisor), |