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Building Byelaws - Appendix 5 |
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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)
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