Notice and Tender by Debtor



Notice and Tender by Debtor :




This letter should be typed in the official letter-head of the company.

The Company's Name

Door Number and Street's Name,
Area Name,
City.
Postal Code : XXXXXX
Phone Number : 0000 - 123456789


TO :

The Receiver's Name,
Door Number and Street's Name,
Area Name,
City.
Postal Code : XXXXXXX


Date :


Reference :


Dear _____________,


You are hereby notified that the undersigned elects to redeem the [collateral] that is currently in your possession pursuant to that certain security agreement, the date of which is ___________ for which said collateral was pledged to secure performance. Election is hereby made in accordance with the rights afforded under the Uniform Commercial Code Section 9506.


Therefore, the undersigned hereby tenders fulfillment of all obligations pursuant to said security agreement and secured by said collateral, in addition to the amount of $ XXXXX for your expenses in repossessing, holding, preparing the collateral for disposition through sale, arranging for sale, attorney's fees and legal expenses.


Demand is hereby made that you make the said collateral available for retaking by the undersigned.


Yours Sincerely,


(The Sender's Signature)


The Sender's Name


Enc. :







From
Notice and Tender by Debtor
to HOME PAGE