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Security Interest Release Clause

Book Publication Date: Mar 2013
Description: Sample security agreement clause allowing for release of a security interest upon sale of the collateral and payment of the proceeds to the lender.
Type: Contract Clauses
PLI Item #: 52245
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; release; substitution; proceeds

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