Notice And Tender By Debtor[1]

© Copyright Envision SBS. 2007. All rights reserved. Protected by the copyright laws of the United States & Canada and by international treaties. IT IS ILLEGAL AND STRICTLY PROHIBITED TO DISTRIBUTE, PUBLISH, OFFER FOR SALE, LICENSE OR SUBLICENSE, GIVE OR DISCLOSE TO ANY OTHER PARTY, THIS PRODUCT IN HARD COPY OR DIGITAL FORM. ALL OFFENDERS WILL BE SUED IN A COURT OF LAW. [YOUR COMPANY NAME] [YOUR COMPLETE ADDRESS] Tel: [YOUR PHONE NUMBER] /Fax: [YOUR FAX NUMBER] [YOUR WEBSITE ADDRESS] January 21, 2008 Contact Name Address Address2 City, State/Province Zip/Postal Code OBJECT: NOTICE AND TENDER BY DEBTOR Dear [CONTACT NAME], 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 [DATE], for which said collateral was pledged to secure performance. Election is hereby made in accordance with the rights afforded under the [LAW OR PROVISION IN SECURITY AGREEMENT]. 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 [AMOUNT] for your expenses in repossessing, holding, preparing the collateral for disposition through sale, arranging for sale, attorney's fees and legal expenses. Demand is hereby made that you make the said collateral available for retaking by the undersigned. Sincerely, [YOUR NAME] [YOUR TITLE] [YOUR PHONE NUMBER] [YOUREMAIL@YOURCOMPANY.COM]