Amendment To Promissory Note Template
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Amendment to promissory note template. 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. George lu an individual the payee. 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. Effect of amendment.
Agreement to modify promissory note form. Identify the terms of the note that are creating difficulty in repayment. And security agreement. If the note originally stipulated payment be made before the 3rd of every month but your cash flow restricts you to payments after the 15th you may need to modify the note to reflect a different due date.
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. This will allow you to modify your promissory note iou form. There are 2 types of promissory notes secured and unsecured. A promissory note or promise to pay is a note that details money borrowed from a lender and the repayment structure.
The promissory note is hereby amended to replace december 31 2010 with march 31 2011 in the definition of final principal sum payment date. How to write a promissory note. Amendment to secured promissory note. 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.
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. The document holds the borrower accountable for paying back the money plus interest if any. Go to link agreement to modify promissory notedoc agreement to modify promissory notepdf if the borrower falls behind on the payments use this form if you both agree to modify the original promissory note. Other names for the document.
Click the image to zoom in and read specific clauses of the promissory note in more detail. All capitalized terms used but not otherwise defined herein have the meanings given to them in the note.