Promissory Note With Acknowledgment Template

This promissory note with acknowledgment template has 3 pages and is a MS Word file type listed under our finance & accounting documents.

Sample of our promissory note with acknowledgment template:

PROMISSORY NOTE This Promissory Note (the "Note") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the "Lender"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the "Borrower"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the undersigned Borrower hereby jointly and severally promise to pay to the order of Lender the sum of [AMOUNT], together with interest thereon at the rate of [%] per annum on the unpaid balance. Said sum shall be paid in the following manner: All payments shall be first applied to interest and the balance to principal. This note may be prepaid, at any time, in whole or in part, without penalty. This note shall be at the option of any holder thereof be immediately due and payable upon the occurrence of any of the following: Failure to make any payment due hereunder within days of its due date. Breach of any condition of any security interest, mortgage, loan agreement, pledge agreement or guarantee granted as collateral security for this note. Breach of any condition of any loan agreement, security agreement or mortgage, if any, having a priority over any loan agreement, security agreement or mortgage on collateral granted, in whole or in part, as collateral security for this note. Upon the death, incapacity, dissolution or liquidation of any of the undersigned, or any endorser, guarantor to surety hereto. Upon the filing by any of the undersigned of an assignment for the benefit of creditors, bankruptcy or other form of insolvency, or by suffering an involuntary petition in bankruptcy or receivership not vacated within [NUMBER] days. In the event this note shall not be in default and placed for collection, then the undersigned agree to pay all reasonable attorney fees and costs of collection. PAYMENTS Payments not made within [NUMBER] days of due date shall be subject to a late charge of [%] of said payment. This Note may be paid in full without penalty.