APPENDIX�5

 

Indemnity Bond

 

In consideration of the Greater Noida Industrial Development Authority, a body constituted under sec�tion�3 read with Section 2(d) of the Uttar Pradesh Industrial Area Development Act, 1976 (U.P.  Act no. 6 of 1976) (hereinafter referred to as �the promisee� - which expression shall unless the context does not so admit, include its suc�cessors and assigns) having sanctioned the construction of the basement in the building plans of the House/Factory building to be constructed on Industrial/Residential/Institutional/Commercial/Recreational Plot No _______________ Estate _______________ in Sector ____________, Greater Noida situated in the Greater Noida Industrial Development Area in  District Gautambudhnagar, Uttar Pradesh. On production of the bond of Indemnity by������������������� son of ������������������aged about ��� years resident of �������������������������. (hereinafter called the 'promisor' which expression shall unless the context does not so admit include his/her heirs, executors, administrators, representatives  and permitted assigns) to implement the promises of any loss or damage caused in respect of construction of basement referred to above the promisor hereby agrees to execute this bond of Indemnity.

 

NOWTHEREFORE THIS DEED WITNESSETH AS FOLLOWS

 

In consideration of the promisor having sanctioned the construction of the basement in the building plan of the factory/residential building to be constructed in Industrial/Residential/Institutional/Commercial/Recreational Plot No ������ in Estate �������. Sector  ����..  situated in the Greater Noida Industrial Development Area,  District Gautam Budh Nagar �.������..  the promisor agrees to indemnify the Greater Noida Industrial Development Authority 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 Greater Noida Industrial Development Authority 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 com�pensation 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,  District Gautambudhnagar������.. on ��������.. day of��������.

 

(Promisor),

 

Plot Holders / Allotees can obtain details of their up-to-date account status from our specially constructed web site. 

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[ Introduction ] [ Directions ] [ Chapter I ] [ Chapter II ] [ Chapter III ] [ Chapter IV ] [ Chapter V ] [ Appendix - I ] [ Appendix - II ] [ Appendix - III ] [ Appendix - IV ] [ Appendix - V ] [ Appendix - VI ] [ Appendix - VII ] [ Appendix - VIII A ] [ Appendix - VIII B ] [ Appendix - VIII C ] [ Appendix - VIII D ] [ Appendix - IX ] [ Appendix - X ] [ Appendix - XI ] [ Appendix - XII ]
 
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