Discharge of floating charge—single Scottish company security provider—full release
Produced in partnership with Kirstie McBirnie and Beverley Wood of Morton Fraser LLP
Discharge of floating charge—single Scottish company security provider—full release

The following Banking & Finance precedent Produced in partnership with Kirstie McBirnie and Beverley Wood of Morton Fraser LLP provides comprehensive and up to date legal information covering:

  • Discharge of floating charge—single Scottish company security provider—full release

DISCHARGE

by

Parties

  1. 1

    [insert name of Lender], a company incorporated in [England and Wales OR Scotland] with registered number [insert company number] whose registered office is at [insert address] (the Lender);

in favour of

  1. 2

    [insert name of Chargor] a company incorporated in [England and Wales OR Scotland] with registered number [insert company number] whose registered office is at [insert address] (the Chargor).

Recitals

    1. (A)

      In accordance with a [bond and] floating charge dated [insert date] (the Floating Charge), the Chargor charged the Charged Assets (see below for definitions) in favour of the Lender.

    1. (B)

      The Chargor has requested the Lender

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