Letter of non-crystallisation of a floating charge under a security agreement

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Letter of non-crystallisation of a floating charge under a security agreement

Letter of non-crystallisation of a floating charge under a security agreement

[ON HEADED NOTEPAPER OF CHARGEE]

[insert the name and address of the buyer/ second lender]

[insert date]

Dear [insert organisation name],

[Debenture OR Floating Charge] dated [insert date of agreement] (the Security Agreement) between [insert name of Chargor] and ourselves (the Chargee)

    1. 1

      We certify that[ to the best of our knowledge, information and

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