Undertaking to hold a deed of release: for a release of security on receipt of monies due in connection with a debenture or mortgage
Undertaking to hold a deed of release: for a release of security on receipt of monies due in connection with a debenture or mortgage

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

  • Undertaking to hold a deed of release: for a release of security on receipt of monies due in connection with a debenture or mortgage

[To be printed on the headed paper of the law firm acting for the lender]

[insert date]

To:

[insert name and address of the law firm acting for the Chargor]

Dear [insert organisation name],

    1. 1

      We refer to the [debenture OR mortgage] dated [insert date of [debenture OR mortgage]] between [insert name of chargor] (the Chargor) and [insert name of lender] (the Lender) (the [Debenture OR Mortgage]).

    1. 2

      We confirm we have received and undertake to hold to the Lender’s orde

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