Request Release of Specific Equipment from Security
[DATE, ex. Monday, November 28, 2011]
[NAME, BANK AND ADDRESS, ex.
City, State, Pin Code]
Dear [NAME, ex. Mr. Graham],
As per the terms and conditions of our credit arrangement with you, we gave you with general security over all of our property, assets and undertaking.
[EXPLAIN REASONS WHY RELEASE IS BEING REQUESTED] ex. As you must be know, we currently own a large piece of equipment which has become redundant. We wish to replace this with a newer technology, however the supplier requires a release of your security before accepting the old equipment]
Thank you in advance for your anticipated co-operation.
For any queries, please feel free to contact me directly.
[Your Name, ex. Mark Anthony]
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