Request Release Of Specific Equipment From Security
[DATE, ex. Wednesday, June 11, 1998]
[NAME, BANK AND ADDRESS, ex.
1234 First Street
Anycity, Anystate 85245]
Dear [NAME, ex. John Smith],
According to the terms of our credit arrangement with you, we provided you with general security over all of our property, assets and undertaking.
[EXPLAIN REASONS WHY RELEASE IS BEING REQUESTED] ex. As you may be aware, we currently own a large piece of equipment which has become redundant. We wish to replace this with a newer model, however the supplier requires a release of your security before accepting the old equipment]
Please feel free to call me if you have any questions.
[YOUR NAME, ex. Jill Jones]