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    Indemnity Bond

    Uploaded by

    rajasekar K
    This document is an indemnity bond between an individual and the Tamil Nadu Electricity Board. The individual has purchased a property with an existing electricity connection and is requesting the Board to transfer the connection into their name. As part of the transfer, the individual agrees to indemnify the Board against any losses or claims related to the connection. They also agree that any deposit paid can be used to pay down any outstanding charges or claims if the agreement is terminated early. Finally, the individual acknowledges that the Board has the right to disconnect the connection or apply unpaid balances to other accounts held by the individual.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Indemnity Bond

    Uploaded by

    rajasekar K
    482 views2 pages
    This document is an indemnity bond between an individual and the Tamil Nadu Electricity Board. The individual has purchased a property with an existing electricity connection and is requesting the Board to transfer the connection into their name. As part of the transfer, the individual agrees to indemnify the Board against any losses or claims related to the connection. They also agree that any deposit paid can be used to pay down any outstanding charges or claims if the agreement is terminated early. Finally, the individual acknowledges that the Board has the right to disconnect the connection or apply unpaid balances to other accounts held by the individual.

    Original Description:

    INDEMNITY BOND

    Original Title

    INDEMNITY BOND

    Copyright

    © © All Rights Reserved

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    This document is an indemnity bond between an individual and the Tamil Nadu Electricity Board. The individual has purchased a property with an existing electricity connection and is requesting the Board to transfer the connection into their name. As part of the transfer, the individual agrees to indemnify the Board against any losses or claims related to the connection. They also agree that any deposit paid can be used to pay down any outstanding charges or claims if the agreement is terminated early. Finally, the individual acknowledges that the Board has the right to disconnect the connection or apply unpaid balances to other accounts held by the individual.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    482 views2 pages

    Indemnity Bond

    Uploaded by

    rajasekar K
    This document is an indemnity bond between an individual and the Tamil Nadu Electricity Board. The individual has purchased a property with an existing electricity connection and is requesting the Board to transfer the connection into their name. As part of the transfer, the individual agrees to indemnify the Board against any losses or claims related to the connection. They also agree that any deposit paid can be used to pay down any outstanding charges or claims if the agreement is terminated early. Finally, the individual acknowledges that the Board has the right to disconnect the connection or apply unpaid balances to other accounts held by the individual.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    INDEMNITY BOND

    THIS DEED OF INDEMNITY EXECUTIVE ON THIS THE


    ………………….............................................................................................................. DAY
    OF………………………………………………………………..……...............
    ………………………….………..by Thiru
    …………………………………………………………… ……………………..………… s/o
    ……………………..…………..…. residing at ……………………………………… and
    doing ………………… hereinafter called the indemnifier
    To and in favour of the Tamil Nadu Electricity Board a body corporate constituted
    under the Electricity (Supply) Act, 1948 (Central Act. LIV of 1948) having its office at

    Hereinafter called the Board. do here by declare that I am the present owner of the
    above premises having Electricity Service Connection No: …………………….…………...
    …
    I have purchased this property from …………………….………….… vide sale deed
    No. ……………………...…………...…
    The above electricity connection is in my premises and stands in the name of
    1. Thiru ……………………………………………………………
    ……………………...………… s/o ……………………...…………...…. residing at
    ……………………………………… and doing …………………
    Do hereby declare that I am the present lawful occupier of the above premises having
    Electricity Service Connection No.
    The Above service connection stands in the name of
    AND WHEREAS the indemnifier has requested the Board to transfer the service
    connection in his name subject to execution of an indemnity bond by him indemnifying the
    Board against any damage or loss caused to the Board in respect of the service connection in
    his name.
    AND WHEREAS in consideration of the acceptance of the above for a service
    connection in his name, the indemnifier hereby agrees to indemnify the Board against all
    proceedings, claims, demands, costs, damages, expenses which the Board may incur by
    reason of a fresh service connection given to the indemnifier.
    The indemnifier further undertakes to make good any sum that may be found to be
    and become payable to the Board with regard to all liabilities and claims personally as well as
    by means of both movable and immovable properties. The indemnifier agrees that the
    enhanced current consumption Deposit paid by him shall be adjust against the arrears of
    current consumption charges but also against any claims that may arise in the event of
    termination of the agreement prior to the expiry of the contracted period.
    The indemnifier further undertakes that the Board shall be at liberty to disconnect the
    service connection given to him and also for loading the dues remaining unpaid by him to
    other service connection (s) that may stand in his name.
    NOW THE CONDITION OF THE above written bond is such that if the indemnifier shall
    duly and faithfully observe and perform the above said conditions then the above written
    bond shall be vold, otherwise the same shall remain in full force.
    IN WITNESS WHERE OF Thiru ………………………………………………………...
    the indemnifier has signed this deed on the day, month and year here in before first
    mentioned.
    SIGNED AND DELIVERED
    BY

    In the presence of
    Witness : (Name and Address) :-
    1.

    2.

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