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Wheels Emi Indemnity Bond Feb 24
Wheels Emi Indemnity Bond Feb 24
Hereinafter referred to as and hereinafter referred to as the "INDEMNITY HOLDERS" (which expression shall unless
repugnant to the context or meaning thereof be deemed to mean and include their respective heirs,
executors, and administrators)
AND WHEREAS Indemnifier has purchased Vehicles ( ) from the Indemnity Holder as per the attached list (the list
of the Vehicles is enclosed herewith) on as is and where is basis and after satisfying himself about the conditions of
the said vehicles.
AND WHEREAS it is further agreed by the Indemnifier that the Indemnifier is solely responsible for the payment and
transfer of ownership charges & applicable taxes for the purchased vehicles as per the attached list and by which the
ownership of the vehicles will be transfer in the name of the prospective purchasers.
AND WHEREAS considering the above the Indemnifier has agreed to keep harmless to Indemnity holder against any
claims or demands raised by the prospective purchasers by, through or under the name of Indemnifier or any other
person claiming by, through or under the name of Indemnifier, or by the said Purchaser or if the Indemnity holder is
required to suffer any loss due to such resale or any other claim raised towards said resale of said sold vehicles.
NOW THIS DEED WITNESSETH and the Indemnifier above named do hereby undertake and declare as below:
1. That the Indemnifier do hereby undertake and declare and agree to indemnify and keep harmless to
Indemnity Holder against any claims or demands arising by, through or under the name of Indemnifier or any other
person claiming by, through or under the Indemnifier, or by the said prospective Purchaser or if the Indemnity
holder is required to suffer any loss due to such claim/s, cost and consequences arising out of sale of 1 vehicles as
per the attached list. The Indemnifier further agrees to keep the Indemnity Holder indemnified for the loss
together with all cost, expenses and damages thereof in respect of any demand raised against the Indemnity
Holder or loss caused to the Indemnity Holder by above mentioned reason on behalf of or under the name of
Indemnifier or said prospective purchaser and the Indemnifier further undertakes to keep the Indemnity Holder
and their permitted assigns save and harmless together with cost and expenses in respect of loss arose due to any
claims/costs/ consequences relating to sale of said 1 vehicles as per the attached list whereby the Indemnity
Holder suffer or incur loss on account of the sale of said 1 vehicles.
S.NO. AGRNO CUST_NAME ASSET REGNO
IN WITNESS WHEREOF the Indemnifier above named have set their hands on the day and date first hereinabove
mentioned.
For _________________
In the presence of
WITNESSES:
1._______________________________
2._______________________________
Date:
Dear Sir/Madam,
Sub.: Request letter for buying Two-Wheeler Vehicle repossessed by the Company
I, the undernamed buyer, am interested in buying the Two-Wheeler Vehicle repossessed by the Company.
I request the Company to allow me/my office representative to inspect the Vehicle and if found satisfactory, shall
purchase the Vehicle at agreed price and make payment though online banking channel or demand draft or cash
deposit into bank account of the Company.
I shall execute all necessary documents including memorandum of understanding, indemnity bond etc. as may be
required as per the process of the Company.
Thanking you.
Yours Faithfully,
Name of Entity :
Mobile No. :
Place : Delhi/Haryana
Date:
To,
WheelsEMI Pvt. Ltd.
Dear Sir,
Please find the highest quote offered to your organization for purchase of below mentioned vehicles.
Vehicle Reg.
Sr. No Make Model Year Quote Amount
No.
Yours faithfully,
Quotaion
AGRNO CUST_NAME PRODUCT REG_NO Year
S.No Amount
I understand and confirm that this vehicle is purchased by me on “as is where is basis” and that in case if my bid is
accepted I shall pay to you the sum quoted above towards purchase consideration with in 24 hours of receiving
intimation of the acceptance of my bid .
I also understand that I shall no right to demand refund of the aforesaid amount paid by me under any
circumstances what so ever including or defect, if any in the title or the vehicle itself .
I further agree that I shall solely be responsible in respect to any and all claims in respect of the said
vehicle and Agree to indemnify WheelsEMI Pvt. Ltd at all time from any and all claims and liabilities that
my arise due to non transfer of the said purchase vehicle or any pending RTO tax or any such liabilities
related to RTO which may arise at any point of time after purchase of the above vehicle .