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Security Interest Release Clause

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.
Form Type: Contract Clauses
Practice Area: Banking, Bankruptcy & Restructuring, Corporate & Securities

Date: Mar 2013
PLI Item #: 52245
Keywords: financing; secured transactions; security agreement; UCC; Article 9; lien; title; collateral; debtor; lender; release; substitution; proceeds
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