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Collateral Substitution Sample Clauses

Description: Sample security agreement clause allowing borrower to substitute collateral so long as the value of the collateral is not impaired.
Form Type: Contract Clauses, Annotated Forms
Practice Area: Banking, Bankruptcy & Restructuring, Corporate & Securities

Date: Mar 2013
PLI Item #: 52246
Keywords: financing; secured transactions; security agreement; UCC; Article 9; lien; title; collateral; debtor; lender; release; substitution; proceeds
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