Notice and Tender by Debtor

About this template:

Use template to authorise redeeming of collateral

Excerpt:

We are notifying you that this signed document elects authorises the redeeming of [COLLATERAL] that is currently in your possession pursuant to that certain security agreement the date of which is [DATE] for which said collateral was pledged to secure performance. The election is therefore made in accordance with the rights afforded under the [LAW OR PROVISION IN SECURITY AGREEMENT].

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