Promissory Note with Guarantee



Promissory Note with Guarantee :



PROMISSORY NOTE WITH GUARANTY



Date :


FOR VALUE RECEIVED, the undersigned jointly and severallypromise to pay to the order of _, the sum of _ [$_] Dollars,with interest thereon at the rate of _% per annum on theunpaid balance.


Said sum shall be payable in the manner following.


The undersigned shall have the right to prepay withoutpenalty. In the event any payment due hereunder is not madewhen due, the entire balance shall be immediately due at theoption of any holder.


In the event of default, the undersigned agree to pay allreasonable attorney fees and cost of collection.


Each maker, surety, guarantor or endorser of this notewaives presentation of payment, notice of non-payment, protestand notice of protest and agrees to all extensions, renewals,or release, discharge or exchange of any other party orcollateral without notice.


GUARANTY


FOR VALUE RECEIVED, the undersigned do hereby guarantypayment of the above note and agree to remain fully bounduntil fully paid.


NOTE :


This is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation. If necessary, leave those spaces blank.




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