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Deed Of Partial Release
"I need a Deed of Partial Release to release the first floor of our commercial property at 123 High Street from an existing debenture dated 15 March 2025, while maintaining security over the remaining floors and other assets."
1. Parties: Details of the parties to the deed, including the security holder and the party receiving the release
2. Background: Context of the original security and reason for partial release
3. Definitions: Key terms used in the deed including reference to original security documents
4. Release Provisions: Specific details of what is being released from the security
5. Continuation of Security: Confirmation that remaining security continues in full force
6. Execution: Formal execution blocks for all parties
1. Representations and Warranties: Used when additional confirmations are required from parties regarding their authority, capacity, or other matters
2. Costs: Provisions regarding who bears the costs of the release and associated registration
3. Further Assurance: Obligation to execute further documents if needed for full effect of the release
1. Description of Released Property: Detailed description of assets being released from security
2. Original Security Documents: List and details of security documents being partially released
3. Plans: If property involved, plans showing released areas and retained secured areas
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