Third Party Agreement

THIRD PARTY AGREEMENT

            This Third Party Agreement is made and executed on this the ____day of __________ at ___________ by and between:

            _____________________________________________________,

            S/o, D/o, W/o. _________________________________________,

            Aged about _____________ years, Occupation : ______________,

            R/o H.No. _____________________________________________.

(Hereinafter referred to as FIRST PARTY which expression unless repugnant to the context shall mean and include his / her heirs, legal representatives, assignees, administrators, etc., of the ONE PART.)

IN FAVOUR OF

            ________________________________________________

____________ BRANCH, REP. BY ITS BRANCH MANAGER:

            ____________________________________________,

            S/o D/o W/o __________________________________.

            Aged about ________ years Occupation ____________

R/o H.No. ____________________________________

(Hereinafter referred to as SECOND PARTY which expression unless repugnant to the context shall mean and include his / her heirs, legal representatives, assignees, administrators, etc., of the SECOND PART.)

            WHEREAS the First Party has stood as surety on behalf of (Borrower Mr. _____________________, to the Second Party for repayment of loan amount of Rs. _____________/-(Rupees ___________________________________only) obtained  (Borrower) Mr. _____________________________ by offering in title documents and depositing the same with the Second Party as a collateral security by way of Equitable Mortgage.