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RECENT OF GAP COLLATERAL (Service) certifies that, as of the date set forth below, it is in receipt of: check only one (1) cash in the amount of $, or (2) a letter of credit with a face amount of
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The RECIEPT OF GAP COLLATERAL is a document that should be submitted to the required address to provide specific information. It needs to be filled-out and signed, which is possible manually, or with the help of a certain solution such as PDFfiller. This tool helps to complete any PDF or Word document directly from your browser (no software requred), customize it depending on your purposes and put a legally-binding electronic signature. Right after completion, you can send the RECIEPT OF GAP COLLATERAL to the appropriate person, or multiple recipients via email or fax. The editable template is printable as well due to PDFfiller feature and options presented for printing out adjustment. Both in electronic and in hard copy, your form will have got neat and professional look. Also you can turn it into a template for further use, without creating a new document over and over. All that needed is to amend the ready document.

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Receipt of gap collateral is a document that acknowledges the receipt of additional collateral to cover any difference in value between the original collateral and the current value of the asset.
Any party involved in a collateralized transaction that requires additional collateral to cover potential value gaps.
The receipt of gap collateral should be filled out with details of the additional collateral provided, the reason for the gap, and signed by both parties involved.
The purpose of receipt of gap collateral is to document the acknowledgment and acceptance of additional collateral to cover any potential value gaps in a collateralized transaction.
The receipt of gap collateral should include details of the additional collateral provided, reason for the gap, date of receipt, and signatures of both parties.
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