To
The
Manager
UCO
Bank
……………………………
Branch Date: ………………………
Dear
Sir,
Re:
Term Deposit Receipt No. ………………………………… dated …………………………… for Rs…………………………. in favor
of …………………………………………due on ………………….………
1)
I/we was/were until recently in possession of the abovementioned Term Deposit
Receipt issued by you in my/our favor.
2)
I/we regret to inform you that the said deposit receipt has been lost and I/we
have not been able to trace the same in spite of a diligent search for the
same.
3)
I/we state that I/we have not created any right or interest or lien against the
said receipt or in the debt represented by it, in favor of any person
whomsoever.
4)
I/we further state that the said Term Deposit has not been seized or taken
possession of or delivered to any Government authorities or a Receiver.
5)
I/we have requested you to issue a duplicate Term Deposit Receipt in lieu of
the above-mentioned receipt which has been lost and to treat the original Term
Deposit Receipt as invalid and cancelled. You have agreed to accede to my/our
above request in good faith on the strength of my/our above representation and
assurances and on my/our submitting to you indemnity, undertaking and authority
as herein appearing.
6)
In consideration of the promises, I/we so as to bind myself/ourselves and my/our
heirs executors, administrators, assigns, estates and effects hereby agree and
undertake with you, your successors and assigns as under :
a)
to keep you safe and indemnified from time to time and at all times from and
against all claims, demands, actions, proceedings, loss, damages, liability,
costs, charges and expenses whatsoever, which may be made or brought or commenced
against you or to be paid, sustained, suffered or incurred by you howsoever as
consequence directly or indirectly of your –‚ issuing to me/us duplicate term
deposit receipt as aforesaid. ‚ treating the original of the above-mentioned
term deposit receipt as good as invalid and cancelled. ‚ making payment on
maturity or before maturity of the relative deposits and allowing credit or
quasi credit facilities against the duplicate term deposit receipt.
b)
To give you full and final discharge and acquittal as against me/us and assigns
or holders of the original term deposit receipt, if any, on your payment of the
deposit against the duplicate Term deposit receipt treating the payment as made
against the original Term Deposit Receipt itself.
c) To
pay to you and make good on demand by you the amount of such loss, damage
liability, costs charges and expenses together with the interest at PLR rate of
the Bank from the date of payment by you until reimbursement by me/us.
d) To
return to you the original Term Deposit Receipt as aforesaid should the same be
found by me/us or again come into my/our possession, at any time hereafter.
Yours
faithfully,
1. Name……………………………………………................................Address………….....…………Signature…………..……
2.
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