Deed Of Rectification Of Hire Purchase Agreement Deed Format

Deed Of Rectification Of Hire Purchase Agreement

Deed Of Rectification Of Hire Purchase Agreement Deed Format

This deed of correction made this 15th day of December 1999 between ELH Ltd., Calcutta, the owner, Transport Co. Ltd.,  Calcutta the hirer and Mr. XY the guarantor.

Whereas by the within written Hire Purchase Agreement bearing dated the 18th September 1999 and made between the ELH Ltd. therein called the owner of the One Part and the Transport Co. Ltd., Calcutta therein called the hirer of the Second Part and Mr. XY of Calcutta therein called the guarantor of the Third Part it was inter alia agreed between the parties that the owner shall purchase the Jeep described in the First Schedule thereunder written and shall let to the hirer and the hirer shall take on hire the said Jeep as may be available after the purchase thereof and in the First Schedule included.

One CJ 4A/4 WD. “Jeep Universal” with Petrol Engine, 6 Ply tyres.

And whereas the cost of the aforesaid item has been revised due to change in Machinery or increase in other charges it is necessary to rectify the said Agreement so as to include therein the revised figures in various clauses of the Agreement.

Now it is agreed between the Parties hereinabove:

(1) In cl. 1 of the said Hire Purchase Agreement bearing date the 18th September 1999 the amount of the total cost of the machinery, namely, Rs. 2,55,000 should be substituted by the total cost of Rs. 2,80,000 (Rupees two lakhs eighty thousand only) and similarly in cl. 2, the sum of Rs. 51,000 should be substituted by the sum of Rs. 60,000 (Rupees sixty thousand only) and shall be deemed always to have been substituted.

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(2) Subject to the said modifications the within written Agreement bearing date the 18th September 1999 shall remain in full force and effect and shall be read and construed as the terms of these presents were inserted therein by way of substitution or rectification.

In witness whereof these presents have been executed by the parties herein this the day of 15th December 1999.

Signed, sealed and delivered by

Mr. ……………………………………..

pursuant  to  Board  Resolution

dated …… of Transport Co. Ltd.

in the presence of:

Signed,   sealed  and  delivered
by Mr. XY, the guarantor in the

presence of:

Signed, sealed and delivered by

Mr. ……………………………………..

pursuant  to  Board  Resolution

dated ……………… of ELH Ltd.

in the presence of:

Deed Of Rectification Of Hire Purchase Agreement Deed Format

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