Bond for payment of money (sample)


BOND  FOR  PAYMENT  OF  MONEY

BY THIS BOND We, XYZ ENTERPRISES LIMITED a limited liability company incorporated in Tanzania under the Companies Act, 2002 of P.O. Box……….. (hereinafter called “the Borrower”) are held and firmly bound to A AND B of P.O. Box…………..(hereinafter called “the Lender”) for the payment to him of the sum of  TShs………… (sum in words) inclusive a one month interest from…………….to……………at a rate of …% (……… percent) being …………..(sum in words ).

Read also Sample of the agreement for settlement of debt

SEALED with the Common Seal in the       )
presence of us both being present at the      )
same time and in the presence of each other        )
this ……… day of …….., 20..                           )

Name: ……………………………………………..

Signature: ……………………….…………..……

Qualification:   ……………………….…………

Name: ……………………………………………..

Signature: ……………………….…………..……

Qualification:   …….………………….…………

NOW the Condition of the above-written Bond is such that if the Borrower or their assigns or successors in title shall on the …..day of….., 20.. or before that date pay to the Lender or his personal representatives or assigns the said sum of TShs………… then the above-written Bond shall be void but otherwise the same shall remain in full force and effect.

Read also: Sample of Loan Agreement

SEALED with the Common Seal of the said         )
XYZ ENTERPRISES  LIMITED                )
in the presence of us both being present at )
the same time and in the presence of each )
other this ……… day of …., 20..                  )

Name: ……………………………………………..

Signature: ……………………….…………..……

Postal Address: ………………………………….

Qualification:   ……………………….…………

READ ALSO  Deed of Guarantee Sample

Name: ……………………………………………..

Signature: ……………………….…………..……

Postal Address: ………………………………….

Qualification:   …….………………….…………

Before Me:

Signature: ………..………………….…………..

Qualification:  COMMISSIONER  FOR  OATHS

SIGNED, SEALED and DELIVERED by    )
the said A AND B                                  )
who is known to me personally/identified to         )
me by …………………………………………… )        ___________________
the latter being known to me personally in )             Lender
my presence this ……… day of …., 20..   )

Signature: ……………….…….…………..……

Postal Address: ………………….………………

………………………………..

Qualification: COMMISSIONER  FOR  OATH

Isack Kimaro

Editor-in-chief and founder of sherianajamii.com. Holder of Bachelor of Laws (LL.B) from Mzumbe University and Post Graduate Diploma in Legal Practice from the Law school of Tanzania. Lawyer by profession and blogger by passion.

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