TO:
KCB BANK UGANDA LTD
INDEMNITY/GUARANTEE/BOND
NO............................
DATED:
AMOUNT:
In consideration of your giving or continuing to give a(n)
indemnity/Guarantee/Bond in terms of the copy appended or attached hereto (which I/We have
verified and signed) and extending and/or amending it from time to time at my/our request I/We
jointly severally for myself/ourselves and my/our legal personal representatives
Successors and assigns hereby:
(a) agree to keep you indemnified against all actions proceeding liability
claims losses damages costs and
expenses in relation to or arising out of the said indemnity/Guarantee /Bond as extended from
time to time at my/our request and to pay you on demand all payments losses costs interest
payable there under and expenses suffered or incurred by you in consequence thereof or arising
there out; and
(b) Irrevocably authorise you to debit my/our account with all such payments
losses costs interest and expenses or to set off without prior reference to me/us any amounts so
paid by you against any sums of monies which you may at such time owe me/us
(c) irrevocably authorise you to make any payments and comply with any
demands which may be claimed from or made upon you under the said Indemnity/Guarantee/Bond
without any reference to or further authority from me/us and agree that it shall not be
incumbent upon you to enquire whether or not any such payments or demands claimed from or made
upon you under the said indemnity/Guarantee/Bond are in fact due or whether or not any dispute
exists between myself/ourselves and the beneficiary(ies) of the said indemnity/ Guarantee/Bond
and further agree that any payments which you shall make in accordance or purporting to be in
accordance with the said Indemnity/Guarantee/Bond shall be binding on me/us and shall be
accepted by me/us as conclusive evidence that you were liable to make such payments or comply
with such demand
and further that you may at any time determine the said indemnity/Guarantee/Bond.
(d) (i) irrevocably authorise you to debit my/our account with
amount and to hold this
amount as margin against your liability under the said Indemnity/Guarantee/Bond until such time
as the same may be discharged.
(ii) and/or agree and undertake to deposit with you upon request made by you at any time until
the said
Indemnity/Guarantee/Bond shall have been released such or other securities as may be acceptable
to
you in full or part cover of your liability under the said Indemnity/Guarantee/Bond.
Bank