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REQUEST RELEASE OF SPECIFIC EQUIPMENT FROM SECURITY
 

[DATE, ex. Monday, March 31, 2008]

[NAME, BANK AND ADDRESS, ex.
Link Building
XYZ Bank
1234 First Street
Suite 567
Anycity, Anystate  85245]

Dear [NAME, ex. Link Building],

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.

Sincerely,

[YOUR NAME, ex. Jill Jones]

 
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