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Additional Collateral Sample Clause

Book Publication Date: Mar 2013
Description: Sample security agreement clause allowing lender to require additional collateral if the value of the original collateral drops significantly.
Type: Contract Clauses
PLI Item #: 52244
Practice Area: Asset-based lending, Bank loans, Banking and finance, Financing

Keywords: financing; secured transactions; security agreement; UCC; Article 9; lien; title; collateral; debtor; lender; appraisal; loan to value ratio

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