Strict Foreclosure, and Release Agreement Sample Contracts

SURRENDER OF COLLATERAL, CONSENT TO STRICT FORECLOSURE, AND RELEASE AGREEMENT (UCC 9620)

Strict Foreclosure, and Release Agreement • July 9th, 2004 • U S Plastic Lumber Corp • Hazardous waste management • California

• Contract Type
  Strict Foreclosure, and Release Agreement
• Filed
  July 9th, 2004
• Company
  U S Plastic Lumber Corp
• Industry
  Hazardous waste management
• Jurisdiction
  California

THIS SURRENDER OF COLLATERAL, CONSENT TO STRICT FORECLOSURE, AND RELEASE AGREEMENT (the “Agreement”) is entered into on June 18, 2004 by and between AMPAC CAPITAL SOLUTIONS, LLC, a Nevada limited liability company (“Lender”), and U.S. PLASTIC LUMBER LTD., a Delaware corporation (“Debtor”), and U.S. PLASTIC LUMBER IP CORPORATION, a Delaware corporation, U.S. PLASTIC LUMBER CORP., a Nevada corporation, and U.S. PLASTIC LUMBER FINANCE CORPORATION, a Delaware corporation (collectively the “Guarantors”).