Common Contracts
1 similar Loan Cancellation and Release Agreement contracts
Loan cancellation agreement templateLoan Cancellation and Release Agreement • February 9th, 2021
Annex 10.47 TELX GROUP, INC. AGREEMENT ON CANCELLATION AND RELEASE OF LOANS This Loan Cancellation and Release Agreement (The Agreement) is entered into by and between Telx Group, Inc. (hereinafter the Company) and Christopher Downie (hereinafter Debtor), as of this 2nd day in March 2010 (Settlement Date). WHILE the debtor has incurred indebtedness (indebtedness) to the Company for capital and interest maturing under one or more promissory notes that have resulted in the outstanding loan balance(s) set out in the following summary: Original issue date Total indebtedness as of 11 April; In 2008 and July 8, 2007 $ 149,757.12, the company and the debtor have mutually agreed to settle the debt through Obligor payment to the company of fifty percent (50%) Of the amount of indebtedness, in which the Company cancels and forgave all remaining debt, based on the mutual agreement between the company and the debtor that the company may take into account the debt loans in future decisions on discr
