Here we provide you with an agreement letter sample. It’s an agreement to extend the debt payment terms. Besides, we provide you with the format. So, it will be easier for you to make an agreement letter by yourself. Check them out.
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Agreement Letter To Extend Debt Payment Terms Sample
Agreement Letter To Extend Debt Payment Terms
For Value Received, the undersigned, Bank Central Cannes (Creditor) and Knit Master (Company), hereby acknowledge and agree that: - The Company presently owes the Creditor the sum of 50.000 Euros, said sum being presently due and payable.
- Further consideration of the Creditor’s forbearance, the Company agrees to pay said debt on extended terms in the manner following : It will be paid monthly for ten months with interests at .5 percent/month. In the case of late payment the Company will be charged at .1 percent/ day.
- In the event the Company fails to pay in a timely manner on the agreed extended terms, the Creditor shall have full rights to proceed for the collection of the entire balance remaining.
- This agreement shall be binding upon and inure to the benefit of the parties, their successors, assignees and personal representatives.
Signed under seal this Monday of March 10, 2021 Creditor __________ Company ____________ |
Agreement Letter To Extend Debt Payment Terms Format
Agreement Letter To Extend Debt Payment Terms
For Value Received, the undersigned, [The First Party (The Bank)] and [The Second Party (The Company], hereby acknowledge and agree that: - The Company presently owes the Creditor the sum of [The Sum of Money and Currency], said sum being presently due and payable.
- Further consideration of the Creditor’s forbearance, the Company agrees to pay said debt on extended terms in the manner following : It will be paid monthly for [Duration] with interests at [Number] percent/month. In the case of late payment the Company will be charged at [Number] percent/day.
- In the event the Company fails to pay in a timely manner on the agreed extended terms, the Creditor shall have full rights to proceed for the collection of the entire balance remaining.
- This agreement shall be binding upon and inure to the benefit of the parties, their successors, assignees and personal representatives.
Signed under seal this [Day of the Week] of [Date] Creditor __________ Company ____________ |
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