Demand Promissory Note : PROMISSORY NOTE, PAYABLE ON DEMAND, NO INTEREST, PRINCIPAL PAYABLE ON MATURITY
AMOUNT OF LOAN :
Due : ON DEMAND
FOR VALUE RECEIVED, the undersigned, [BORROWER NAME] (the Borrower), hereby acknowledges itself indebted to [LENDER NAME] (the Lender) and promises to pay to or to the order of the Lender at [ADDRESS OF LENDER] or as otherwise directed in writing by the Lender, the principal sum of [AMOUNT OF LOAN] in lawful money of [CURRENCY] without interest. The entire principal sum shall be paid in [TOTAL NUMBER OF PAYMENTS] equal consecutive [PAYMENT PERIODS] payments of principal only in the amount of [AMOUNT OF PERIODIC PAYMENTS] commencing on [COMMENCEMENT DATE OF PAYMENTS] to and including [MATURITY DATE OF LOAN].
In the event of default in payment of any amount of principal or interest under this promissory note, the entire remaining principal sum and all interest accrued shall, at the option of the Lender, become immediately due and payable without notice or demand.
The Lender may assign all of its right, title and interest in, to and under this promissory note. All payments required to be made hereunder shall be made by the Borrower without any right of setoff or counterclaim.
DATED : [DATE OF DOCUMENT]
Seller Name :
Related Links :
Employee Final Release
Letter Requesting Renewal of An Agreement
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Letter Requesting Termination of An Agreement Prior to Termination Date
Demand Promissory Note
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