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Collateral Substitution Sample Clauses


Book Publication Date: Mar 2013
Description: Sample security agreement clause allowing borrower to substitute collateral so long as the value of the collateral is not impaired.
Type: Contract Clauses, Annotated Forms
PLI Item #: 52246
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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