Categories: Business Letters

Notice And Tender by Debtor

NOTICE AND TENDER BY DEBTOR

 

TO: ………………………..

……… (address) ………..

 

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 $ for your expenditures in repossessing, holding, preparing the collateral for disposition through sale, arranging for sale, attorney’s fees and legal expenditures.

 

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

 

Dated: ………………

/S/………………………

 Notice And Tender by Debtor

emily

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