Common use of INDEMNITY BOND Clause in Contracts

INDEMNITY BOND. This deed of indemnity executed at ……………………….. (place) on this day of (month) ………………… …………..(year)……………..by Xxxxx / Tmt / Xxxxx………………………………………………... (Name ) Widow / Son / Daughter of Xxxxx…………………………………………………………. ……………... Residing . at…………………(full address) (hereinafter called Contractor which expression shall unless excluded by or repugnant to the context include his/her heirs, executors, administrators and legal representatives) to and in favor of the Commissioner, Corporation of Chennai, (hereinafter called the "Commissioner" which expression shall unless excluded by or repugnant to the context include his successors and assigns) Whereas the contractors has submitted the tender for Description of work (place of work of supply) and such tender has been accepted subject to the general conditions to contract amended to the preliminary specification of the T.N.B.P/S.S.R.B and such other conditions issued along with tender documents. And whereas in pursuance of the terms of contract, that a sum equal to 2Y2% of the total value of work done, have been retained with the Corporation of Chennai for a period of years reckoned from the date of completion of the work in order to enable the departmental officers to watch the effect of all seasons on the work and the structural stability of the work executed by the contractors; And whereas it was decided to refund the said sum equal to 2Y2% of the total value of the work done retained with the Commissioner, Corporation of Chennai on the expiry of period of years reckoned from the date of completion of work provided that the contractor executes an indemnity bond for a period of years indemnifying the Commissioner, Corporation of Chennai against any loss of expenditure incurred to rectify any defect noticed due to the faulty workmanship by the contractor or substandard materials used by the contractor in the execution of the work or during the period of . years. Now, this deed of indemnity witness that in consideration of the contract entrusted to the contractor by the Commissioner, Corporation of .Chennai, the contractor has agreed to the following terms and conditions and executed this indemnity bond in conformation of all and undertakes to comply with the terms herein below mentioned. 'The contractor doth hereby indemnify the Commissioner, Corporation of Chennai against any loss or damage that may be caused in the Commissioner, Corporation of Chennai in respect of rectification of any defect noticed due on the faulty workmanship, by the contractor, or substandard materials used by the contractor in the execution of work entrusted to the contractor during the period of… Years

INDEMNITY BOND. This deed of indemnity executed at ……………………….. (place) on this day of (month) ………………… ………………..(year)……………..by Xxxxx / Tmt / Xxxxx/Tmt/Selvi. ……………………………………………………………… ………………………... …… (Name ) Widow / Son / Daughter of Xxxxx…………………………………………………………. ……………... . Residing . at…………………(full address) (hereinafter called Contractor which expression shall unless excluded by or repugnant to the context include his/her heirs, executors, administrators and legal representatives) to and in favor of the Commissioner, Corporation of Chennai, (hereinafter called the "Commissioner" which expression shall unless excluded by or repugnant to the context include his successors and assigns) Whereas the contractors has submitted the tender for Description of work (place of work of supply) and such tender has been accepted subject to the general conditions to contract amended apended to the preliminary specification of the T.N.B.P/S.S.R.B and such other conditions issued along with tender documents. And whereas in pursuance of the terms of contract, that a sum equal to 2Y221/2% of the total value of work done, have been retained with the Corporation of Chennai for a period of years reckoned from the date of completion of the work in order to enable the departmental officers to watch the effect of all seasons on the work and the structural stability of the work executed by the contractors; And whereas it was decided to refund the said sum equal to 2Y221/2% of the total value of the work done retained with the Commissioner, Corporation of Chennai on the expiry of period of years reckoned from the date of completion of work provided that the contractor executes an indemnity bond for a period of years indemnifying the Commissioner, Corporation of Chennai against any loss of expenditure incurred to rectify any defect noticed due to the faulty workmanship by the contractor or substandard materials used by the contractor in the execution of the work or during the period of . years. Now, this deed of indemnity witness that in consideration of the contract entrusted to the contractor by the Commissioner, Corporation of .Chennai, the contractor has agreed to the following terms and conditions and executed this indemnity bond in conformation of all and undertakes to comply with the terms herein below mentioned. 'The contractor doth hereby indemnify the Commissioner, Corporation of Chennai against any loss or damage that may be caused in the Commissioner, Corporation of Chennai in respect of rectification of any defect noticed due on the faulty workmanship, by the contractor, or substandard materials used by the contractor in the execution of work entrusted to the contractor during the period of… Years

INDEMNITY BOND. This deed of indemnity executed at I………………………(Name), S/o .......…………………….. (placeName) on this day of (month) ………………… …………..(year)……………..by Xxxxx / Tmt / Xxxxx………………………………………………... (Name ) Widow / Son / Daughter of Xxxxx…………………………………………………………. ……………... Residing . atresident Of …………………(full address…………..Address) (hereinafter called Contractor which expression shall unless excluded by or repugnant to herby declare that:- I hold the context include his/her heirs, executors, administrators and legal representatives) to and in favor of the Commissioner, Corporation of Chennai, (hereinafter called the "Commissioner" which expression shall unless excluded by or repugnant to the context include his successors and assigns) Whereas the contractors has submitted the tender for Description of work (place of work of supply) and such tender has been accepted subject to the general conditions to contract amended to the preliminary specification of the T.N.B.P/S.S.R.B and such other conditions issued along with tender documents. And whereas in pursuance of the terms of contract, that a sum equal to 2Y2% of the total value of work done, have been retained with the Corporation of Chennai for a period of years reckoned from the date of completion of the work in order to enable the departmental officers to watch the effect of all seasons on the work and the structural stability of the work executed by the contractors; And whereas it was decided to refund the said sum equal to 2Y2% of the total value of the work done retained with the Commissioner, Corporation of Chennai on the expiry of period of years reckoned from the date of completion of work provided that the contractor executes an indemnity bond for a period of years indemnifying the Commissioner, Corporation of Chennai against any loss of expenditure incurred to rectify any defect noticed due to the faulty workmanship by the contractor or substandard materials used by the contractor in the execution of the work or during the period of . years. Now, this deed of indemnity witness that in consideration of the contract entrusted to the contractor by the Commissioner, Corporation of .Chennai, the contractor has agreed to the following terms and conditions and executed this indemnity bond in conformation of all and undertakes to comply with the terms herein below mentioned. 'The contractor doth hereby indemnify the Commissioner, Corporation of Chennai against any loss or damage that may be caused in the Commissioner, Corporation of Chennai complete rights in respect of rectification the production and/ or telecast of the programme entitled “…………………” and that the said assigned programme are any part thereof will not infringe the copy rights and/or performing rights held by any other party including limitation trademark, contract, privacy and publicity rights. I agree to keep PB its employees officers, successors and assigns indemnified at all times against any litigation in respect of the said assigned programme based on a claim that anypart of the film or material used therein constitutes an infringement of copyrights or any of the fights mentioned above either in India or abroad. Wherever PB or Doordarshan is made a party defending such litigation and obligation, shall reimburse or make good all sums of money that PB or Doordarshan may be ordered to pay by court of law or otherwise to any third party including all charge and expenses relating thereto paid or incurred by PB or doordarshan. The said programme has been/not been telecast on any channel of Doordarshan/ I will be fully responsible for any controversy/ claim regarding the telecast of the said programme and indemnify PB against all litigation that may arise on account of any defect noticed due on libel, slander, obscenity, indecency, infringement of copyright of patent etc., from the faulty workmanshiptelecast of the said ptogramme by PB. PB will not in any way be responsible or liable for any risks in connection with the production of the programme and/ or any damage, destruction of ptorerty or injury to/death of contractual and non-contractual persons employed by the contractor, me or substandard materials used by the contractor members of public in the execution course of work entrusted production of the said programme. I agree to indemnify PB against any claims, proceeding in connection with the contractor during production of the period of… Yearsprogramme. Place: Date: Indemnifier Witnesses:

INDEMNITY BOND. This deed of indemnity executed at ……………………….. (place) on this day of (month) ………………… ………………..(year)……………..by Xxxxx / Tmt / Xxxxx/Tmt/Selvi. ……………………………………………………………… ………………………... …… (Name ) Widow / Son / Daughter of Xxxxx…………………………………………………………. ……………... . Residing . at…………………(full address) (hereinafter called Contractor which expression shall unless excluded by or repugnant to the context include his/her heirs, executors, administrators and legal representatives) to and in favor of the Commissioner, Corporation of Chennai, (hereinafter called the "Commissioner" which expression shall unless excluded by or repugnant to the context include his successors and assigns) Whereas the contractors has submitted the tender for Description of work (place of work of supply) and such tender has been accepted subject to the general conditions to contract amended apended to the preliminary specification of the T.N.B.P/S.S.R.B and such other conditions issued along with tender documents. And whereas in pursuance of the terms of contract, that a sum equal to 2Y221/2% of the total value of work done, have been retained with the Corporation of Chennai for a period of years reckoned from the date of completion of the work in order to enable the departmental officers to watch the effect of all seasons on the work and the structural stability of the work executed by the contractors; And whereas it was decided to refund the said sum equal to 2Y221/2% of the total value of the work done retained with the Commissioner, Corporation of Chennai on the expiry of period of years reckoned from the date of completion of work provided that the contractor executes an indemnity bond for a period of years indemnifying the Commissioner, Corporation of Chennai against any loss of expenditure incurred to rectify any defect noticed due to the faulty workmanship by the contractor or substandard materials used by the contractor in the execution of the work or during the period of . years. Now, this deed of indemnity witness that in consideration of the contract entrusted to the contractor by the Commissioner, Corporation of .Chennai, the contractor has agreed to the following terms and conditions and executed this indemnity bond in conformation of all and undertakes to comply with the terms herein below mentioned. 'The contractor doth hereby indemnify the Commissioner, Corporation of Chennai against any loss or damage that may be caused in the Commissioner, Corporation of Chennai in respect of rectification of any defect noticed due on the faulty workmanship, by the contractor, or substandard materials used by the contractor in the execution of work entrusted to the contractor during the period of… Yearsof Years i.e from ……………………………………. Upto (dates to be specified). In witness thereof Xxxxx / Tmt / Xxxxx the contractor has signed this deed in the presence of the……………. First Witness Second Witness signature of the contractor 6. FORM OF DECLARATION TO BE FURNISHED BYPERSONS OR FIRMS GIVING TENDERS I XXXX XXXX FOR CONTRAFOR SUPPLY OF ARTICLES TO LOCAL BODIES ETC.