REQUEST RELEASE OF SPECIFIC EQUIPMENT FROM SECURITY
REQUEST RELEASE OF SPECIFIC EQUIPMENT FROM SECURITY
[DATE, ex. Wednesday, June 11, 1998]
[NAME, BANK AND ADDRESS, ex.
John Smith
XYZ Bank
1234 First Street
Suite 567
Anycity, Anystate 85245]
Dear [NAME, ex. John Smith],
According to the terms of our credit arrangement with you, we provided you with general security over all of our property, assets and undertaking.
[EXPLAIN REASONS WHY RELEASE IS BEING REQUESTED] ex. As you may be aware, we currently own a large piece of equipment which has become redundant. We wish to replace this with a newer model, however the supplier requires a release of your security before accepting the old equipment]
Please feel free to call me if you have any questions.
Sincerely,
[YOUR NAME, ex. Jill Jones]
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