Deed of Acquittance and Discharge Template

Business-in-a-Box's Deed of Acquittance and Discharge Template

Document content

This deed of acquittance and discharge template has 4 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our deed of acquittance and discharge template:

DEED OF ACQUITTANCE AND DISCHARGE This Deed of Acquittance and Discharge (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Company"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the "Trustee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Company and the Trustee did execute a Trust Deed of Hypothec, Mortgage and Pledge before [Notary/Attorney/Barrister] [NAME], which was registered at the Registry Office for the Registration Division of [COUNTRY] on [DATE] under the number [NUMBER] (the "Trust Deed"); WHEREAS pursuant to the terms of the Trust Deed provision was made for the issuance and securing of a Debenture, dated [DATE], in the principal amount of [AMOUNT] payable by the Company to [COMPANY NAME] or any assignee(s), as debenture holder; WHEREAS no monies are owing in principal and interest on the security of the Trust Deed; WHEREAS the Company has requested the Trustee that it grant it a full and final acquittance and discharge as hereinafter provided; WHEREAS in accordance with the provisions of the Trust Deed, the Company is entitled to the said acquittance and discharge; NOW THEREFORE THE PARTIES HERETO AGREE AS FOLLOWS: 1. The Trustee hereby grants to the Company a full and final acquittance and discharge of all the hypothecs, mortgages, pledges, charges, cessions, transfers and other rights subsisting in its favour pursuant to the Trust Deed. 2. To the extent that same may be necessary, the Trustee hereby reconveys and re-transfers to the Company, hereto present and accepting, all of the undertaking of the Company and all other property and assets, moveable and immoveable, corporeal and incorporeal, of whatsoever nature and kind, charged in its favour pursuant to the Trust Deed. 3. The Trustee hereby requests and requires: the Registrar of the Registration Division of [COUNTRY] to make all necessary entries in the Books of the Registry Office for the said Registration Division in order to radiate the Trust Deed of Hypothec, Mortgage and Pledge registered in the said Registry Office under the number [NUMBER] and 3

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Document content

This deed of acquittance and discharge template has 4 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our deed of acquittance and discharge template:

DEED OF ACQUITTANCE AND DISCHARGE This Deed of Acquittance and Discharge (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Company"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the "Trustee"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Company and the Trustee did execute a Trust Deed of Hypothec, Mortgage and Pledge before [Notary/Attorney/Barrister] [NAME], which was registered at the Registry Office for the Registration Division of [COUNTRY] on [DATE] under the number [NUMBER] (the "Trust Deed"); WHEREAS pursuant to the terms of the Trust Deed provision was made for the issuance and securing of a Debenture, dated [DATE], in the principal amount of [AMOUNT] payable by the Company to [COMPANY NAME] or any assignee(s), as debenture holder; WHEREAS no monies are owing in principal and interest on the security of the Trust Deed; WHEREAS the Company has requested the Trustee that it grant it a full and final acquittance and discharge as hereinafter provided; WHEREAS in accordance with the provisions of the Trust Deed, the Company is entitled to the said acquittance and discharge; NOW THEREFORE THE PARTIES HERETO AGREE AS FOLLOWS: 1. The Trustee hereby grants to the Company a full and final acquittance and discharge of all the hypothecs, mortgages, pledges, charges, cessions, transfers and other rights subsisting in its favour pursuant to the Trust Deed. 2. To the extent that same may be necessary, the Trustee hereby reconveys and re-transfers to the Company, hereto present and accepting, all of the undertaking of the Company and all other property and assets, moveable and immoveable, corporeal and incorporeal, of whatsoever nature and kind, charged in its favour pursuant to the Trust Deed. 3. The Trustee hereby requests and requires: the Registrar of the Registration Division of [COUNTRY] to make all necessary entries in the Books of the Registry Office for the said Registration Division in order to radiate the Trust Deed of Hypothec, Mortgage and Pledge registered in the said Registry Office under the number [NUMBER] and 3

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