Common Contracts
1 similar Payment Agreement contracts
Payment agreement template docPayment Agreement • January 19th, 2022
$ [Insert amount] Date: [Insert date] for the value received, I undersigned [Insert borrower name] (the â ̈¬ Åberrower”), in [Insert Address], promises to pay to the order of [Insert Lender Name] (the â ̈¬ ÅLender”), in [Insert Address], (or in another place as the lender may designate in writing), the sum of $ [amount entered] without interest. I. Terms of repayment A. Payments The unpaid principal shall be payable in full on [Date of insertion] (date â ̈¬ ÅTwo â ̈¬). B. Acceleration of debt If any payment obligation under this note is not paid when it is due, the remaining unpaid principal balance and any accrued interest shall be payable be due immediately to the lender’s option. II. Prepayment The borrower reserves the right to pre-pay this note (in whole or in part) before expiry without any prepayment penalty. III. Collection Costs If any payment obligation under this note is not paid when it is due, the borrower promises to pay all costs of the collection, including reasonable a
