Deed of indemnity in favour of a members’ voluntary liquidator
Produced in partnership with Robert Smailes of Leonard Curtis Business Solutions Group & Simon Hunter of Three Stone
Deed of indemnity in favour of a members’ voluntary liquidator

The following Restructuring & Insolvency precedent produced in partnership with Robert Smailes of Leonard Curtis Business Solutions Group & Simon Hunter of Three Stone provides comprehensive and up to date legal information covering:

  • Deed of indemnity in favour of a members’ voluntary liquidator

Dated the [insert day and month] 20[insert year]

Parties

  1. 1

    [name of indemnifier] ‘the Indemnifier'

    and

  1. 2

    [name of company in liquidation] a company incorporated in [England and Wales] under number [insert company number] whose registered office is at [insert address of registered office of the company'] 'the Company'

    and

  1. 3

    [name of [joint] liquidator(s)] of [insert name of liquidator’s firm] 'the Joint Liquidators'

Recitals

    1. (A)

      It is intended that the Joint Liquidators shall be appointed Joint Liquidators of the Company by [a resolution to be passed at a [an extraordinary] general meeting of the Company to be held on [insert date of meeting] OR ,a resolution in writing to be passed by the members of the Company] on or after [insert date here].

    1. (B)

      The Joint Liquidators have agreed to act as Joint Liquidators of the Company subject to the Company and the Joint Liquidators being given the indemnity hereinafter contained.

Now this Deed witnesses as follows:

    1. 1

      In consideration of the Joint Liquidators consenting to act as Joint Liquidators pursuant to the authority contained in a resolution or resolutions of the Company to be passed on or after [insert date here], the Indemnifier hereby undertakes to indemnify and keep indemnified and saved harmless:

      1. 1.1

        the Joint Liquidators, and

      1. 1.2

        the Company, [Name of liquidators’ firm], and

      1. 1.3

        all companies, partnerships, limited liability partnerships and other entities which are successors in business to

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