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Release Of Security Agreement
"I need a Release of Security Agreement under Singapore law to discharge our company's security interest over equipment and machinery following full repayment of a SGD 2.5M loan that was secured against these assets in January 2025."
1. Parties: Identification of the security holder and security provider, including company registration details and registered addresses
2. Background: Details of the original security agreement, including date of creation, registration details, and reason for release
3. Definitions: Key terms used in the release agreement including 'Security', 'Original Security Agreement', 'Released Assets'
4. Release Declaration: Formal statement releasing the security interest and confirmation that all secured obligations have been satisfied
5. Return of Documents: Provisions regarding return of original security documents and cancellation of registrations
6. Execution: Signing requirements and formalities under Singapore law
1. Partial Release Provisions: Used when only part of the security is being released, specifying which assets or obligations remain secured
2. Surviving Obligations: Specifies any obligations that continue after release, including confidentiality and indemnity provisions
3. Further Assurance: Obligation to execute additional documents if needed for effectiveness of the release
1. Description of Released Security: Detailed description of security interests being released, including asset details and registration numbers
2. Original Security Agreement: Copy or details of the original security agreement being released, including date and parties
3. Property Schedule: Details of any property involved in the release, including title particulars if applicable
4. Filing Forms: Required ACRA forms and other regulatory documents for registering the release
Authors
Released Security
Security Assets
Security Interest
Security Documents
Original Security Agreement
Secured Obligations
Release Date
Effective Date
Security Provider
Security Holder
Secured Party
Released Party
Releasing Party
Facility Agreement
Secured Liabilities
Encumbrance
Charged Assets
Security Period
Business Day
Governing Law
Related Documents
Outstanding Obligations
Relevant Authority
ACRA
Filing Requirements
Registration Requirements
Discharge Documents
Secured Property
Security Release Notice
Acknowledgment of Payment
Representations and Warranties
Further Assurance
Return of Documents
Registration and Filing
Authority and Capacity
Partial Release
Surviving Provisions
Costs and Expenses
Notices
Governing Law and Jurisdiction
Amendments
Counterparts
Severability
Entire Agreement
Assignment
Third Party Rights
Indemnification
Confidentiality
Waiver
Regulatory Compliance
Time of Release
No Set-Off
Termination
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