Products tagged with 'promissory note'

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Purchase Agreement for Shares & Promissory Note | Canada

Sell your shares in a Canadian company and transfer a shareholder loan to the purchaser with this Purchase Agreement for Shares and Promissory Note.

  • The vendor represents to the buyer that it owns the shares and has the legal right and authority to transfer them.
  • Upon payment of the cash to close, the vendor will transfer title to the shares over to the purchaser.
  • The vendor also transfers a promissory note from the corporation for a shareholder loan owing to the vendor.
  • The vendor relinquishes any further interest or right to repayment under the promissory note.
  • Available in MS Word format.
  • Intended to be used only in Canada.
$6.29

Alberta Collateral Mortgage and Promissory Note

Use this template Collateral Mortgage and Promissory Note for credit facilities in Alberta.

  • A collateral mortgage can be used to secure a line of credit, a revolving loan, or other credit facility where the balance owing changes from time to time.
  • The borrower is responsible for insuring, repairing, and maintaining the mortgaged property and for paying all taxes and assessments.
  • The lender is appointed as the borrower's attorney (agent) for the purpose of recovering any insurance proceeds with respect to the property.
  • The lender has power of attorney to sell, lease or encumber the property if the borrower defaults in its obligations.
  • The full balance owing is immediately payable if the borrower sells the property or, if the borrower is a corporation, there is a change in control.
  • This is a downloadable legal template in MS Word format.
  • Intended for use in the Province of Alberta, Canada.
$29.99

Loan and Charging Agreement | Canada

Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.

  • The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
  • The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
  • If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
  • Available in MS Word format.
  • Intended to be used only in Canada.
$17.99

Demand Promissory Note

If you are loaning money to someone, make sure you get paid back by having them sign this Demand Promissory Note.

  • A demand promissory note is a note that must be repaid in full (including all interest) when the lender demands repayment.
  • Interest on the principal amount accrues at a fixed rate and is calculated monthly.
  • The principal can be prepaid by the borrower at any time without a penalty or premium being charged.
  • The promissory note is a legal contract. When the borrower signs it, they are making a promise to repay the loan. If they don't pay it on time, you can take legal action.
  • This is a generic legal form which is not country-specific.
  • Download a free copy of the Demand Promissory Note and keep it handy for the next time you make a loan to anyone.
$0.00

Promissory Note (Debt Forgiven on Death of Lender)

If you are loaning money to a family member or close friend, you can secure the loan with this Promissory Note to be Forgiven on Death.

  • This promissory note template provides that the balance outstanding on the loan will be forgiven when the lender dies.
  • The borrower agrees to make monthly payments against the loan secured by the promissory note.
  • The borrower can prepay the full amount at any time without paying a prepayment penalty.
  • If the lender dies before the loan is completely repaid, any balance remaining unpaid at that time is forgiven.
  • This Promissory Note to be Forgiven on Death of Lender form is a downloadable MS Word file which can be used anywhere.
$2.29

Promissory Note (Regular Payments, No Interest)

This promissory note template is made by a borrower to secure an interest-free loan to be repaid by regular payments.

  • The Promissory Note allows the borrower to repay the loan in monthly, weekly, or bi-weekly payments.
  • No interest will be charged on the outstanding loan balance. The borrower will only be repaying the principal amount.
  • This is a generic legal form which can be used anywhere.
  • You can download the form immediately after purchasing it.
$2.29