Promissory Note Amendment Template

Integration states that no other document can affect the terms or validity of your promissory note.

Promissory note amendment template. Effect of amendment. Severability a clause within a promissory note which states that if any provision within the note becomes void or unenforceable it does not deem the entire note or any other provision within the note invalid. A promissory note is a legally binding promise one party makes to pay money to a second party. Agreement to modify promissory note amendment of promissory note terms modification of promissory note payment arrangement modification country.

Only can your promissory note be amended edited if both the lender and borrower sign a written agreement. The note contains the terms of repayment including payment schedule or due dates interests rate and how payments are delivered to the note holder the party who lent the money. General business documents other downloadable templates of legal documents. Free promissory note template example pdf word download a blank ms word version of this promissory note or view a completed pdf sample to see what the final draft should look like.

If the borrower isnt meeting the original payment plan the lender and borrow may need to rework the terms for example lower payments agree to interest only payments or lower the interest rate. This amendment to promissory note is entered into as of january 2011 this amendment by and between ameritrans capital corporation a delaware corporation the company and the holder. Therefore to help business owners save time promissory note templates are available on the web for free. Except as expressly amended hereby the promissory note is in all respects ratified and confirmed and all the terms conditions and provisions thereof shall remain in full force and effect as of the date hereof.

This will allow you to modify your promissory note iou form. First amendment to promissory note this first amendment to promissory note the amendment dated as of december 18 2006 is entered into by 2020 chinacap acquirco inc a delaware corporation the maker and g. This amendment shall form a part of the promissory note for all purposes and each of american exploration and mainland shall be bound hereby. Promissory notes are negotiable instruments that are saleable and unconditional and are used in business transactions around the world.

Amendment to secured promissory note. Form of amendment to promissory note for ameritrans capital corp ameritrans capital corporation. Other names for the document. This amendment to secured promissory note and security agreement this amendment is made effective the 12th day of july the effective date 2007 by tullys coffee corporation a washington corporation maker and benaroya capital company llc a washington limited liability company holder.

Release of loan agreement.