Indemnity Bond Form - Punjab State Electricity Board printable pdf download

PUNJAB STATE ELECTRICITY BOARD

INDEMNITY BOND

(For all categories with load above 100 KW)

( See Condition no. 7.3)

Known all men by these presents that I_____________S/o __________________

_______________________________ R/o_________________ in the district of

______________________________(hereinafter called the "Principal Party") and

Shri__________________________________S/o____________R/o__________

_____________________________________ and Shri _________________S/o

_______________________R/o___________________ sureties on behalf of the

Principal Party do hereby jointly and severally bind ourselves and our respective

heirs, executors, administrators and legal representative to indemnify the Board

(hereinafter called the Board, which expression shall include its successors and

assigns) on demand the entire cost and damages in respect of all actions,

proceedings, of or any damages claimed or to be claimed against the Board by

any person including the landlord Shri_______________________________-

S/o__________________________(Name of the landlord) or any person claiming

through or under him at any stage by reason of giving of the electric connection

by the Board to the principal party.

Dated this __________day of _____________two thousands________________

Whereas the above bounden principal party namely Shri ____________________

has applied for an Electricity connections in the premises as _________________.

And whereas the Principal Party is the lawful occupier of premises but it has not

been possible for him to obtain the consent of his landlord for the installation of

the above said connection.

And Whereas the connection has been sanctioned to the Principal Party subject

to his furnishing an indemnity bond in favour of the Board indemnifying the Board

against all actions, proceedings, or damages claimed or to be claimed against

the Board by any person including the landlord Sh. _______________________S/o

_______________________or any person claiming through or under him at any

stage by reason of giving of the electric connection by the Board to the Principal

Party.

And whereas the Principal Party has agreed to execute such a bond in favour of

the Board, as desired by it.

Now, therefore, this agreement witnesses that the principal party agrees and with

the said Board that the Principal Party does indemnify and shall hereafter

indemnify the said Board against all actions, proceedings or damages claimed

or that may be claimed against the Board by any person including the landlord

Sh _________S/o _____________or any person claiming through or under him

at any stage by reason of giving of the electric connection by the Board to the

Indemnity Bond Form - Punjab State Electricity Board