Products tagged with 'promissory note'

Purchase Agreement for Shares & Promissory Note | Canada

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

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

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

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

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

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