Letter of Indemnity Format in Word Format
LETTER OF INDEMNITY
Date:
To,
Capital First
Limited,
One Indiabulls
Centre, Tower 2A & 2B,
10th
Floor, SenapatiBapatMarg,
Lower Parel
West, Mumbai 400013
Kind Attn: Mr. Harish Patil
Subject: Pledge of Shares and mortgaged of Properties in favour of
Capital First Limited (“CFL”)
Dear Sir,
With reference
to the above mentioned subject, we wish to state that we have availed a Term
Loan facility of Rs. 25,00,00,000/- (Rupees Twenty FiveCroresOnly)
(“Facility”) vide Facility Agreement dated ……………..from CFL (“Facility
Agreement”).
To secure the
aforementioned Facility, Stabnet
Properties Pvt. Limited, a company incorporated under the provisions of the
Companies Act, 1956, having its registered office at 15/58 N S Road,
Kolkata-700001 (hereinafter referred to as the "Pledgor 1") and Mr.
Amit Agarwal, holding Pan Card No. (ABCD123456) having DIN no. 00412345 jointly
holding the shares of the below mentioned companies with Pledgor 1 (hereinafter
referred to as the "Pledgor 2”)
have pledged their shares in favour of CFL vide Share Pledge Agreement
dated………………..:
1.
____________________
2.
____________________
3.
____________________
4.
____________________
It is pertinent
to mention here that the above referred Share Pledge Agreement dated…………was
executed on a stamp paper of Rs. 100. However, in case any additional stamp
duty/ interest/penalty is payable under the West Bengal Stamp Act, 1998, or any
other law in force on the instrument evidencing the pledge of shares in favour
of CFL, the same shall be borne and paid by us.
Further, the Facility is inter alia secured by a first exclusive charge by way of mortgage on the properties (including the structure/s /building/s standing thereon (present and future) including the residential/commercial premises/unit/s referred to as “the Mortgaged Properties” more particularly described in the Facility Agreement and the below mentioned mortgagors have createdsecurity by way of registered mortgage on the Mortgaged Properties in favour of CFL by way of an Indenture of Mortgage dated…………………………………….
1.
___________________
2.
___________________
3.
___________________
4.
___________________
It is pertinent
to mention here that the above referred Indenture of Mortgage dated…………was
executed on a stamp paper of Rs. 500. However, in case any additional stamp
duty/ interest/penalty is payable under the West Bengal Stamp Act, 1998, or any
other law in force on the instrument evidencing the mortgage of the Mortgaged
Properties in favour of CFL, the same shall be borne and paid by us.
We hereby state
that we shall never dispute the stamp duty amount paid on the below mentioned
instruments:
1.Share Pledge
Agreement dated…………
2. Indenture of
Mortgage dated…………
We further
hereby agree to indemnify, keep indemnified and hold harmless CFL against any
losses, liabilities, claims, damages, litigations including stamp duty, penalty
and court fees, if any or other liability (including legal and attorney fees),
or demands of any nature whatsoever CFL may incur or suffer on account of or in
relation to the pledge of shares and/or mortgage of the Mortgaged Properties
created or to be created in favour of CFL.
Thanking You,
For Starnet Tyres Limited,
(Authorised Signatory)
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