Promissory Note With Acknowledgment
Promissory Note With Acknowledgment
Date: [Date]
To Whom It May Concern,
This letter serves as a formal acknowledgment of the receipt and understanding of the promissory note issued by [BORROWER'S FULL NAME], henceforth referred to as "the Borrower," dated [ISSUANCE DATE OF THE PROMISSORY NOTE]. The note outlines the terms of repayment for the principal sum of [PRINCIPAL AMOUNT] lent by [LENDER'S FULL NAME], henceforth referred to as "the Lender."
We, [YOUR COMPANY NAME], acting through our duly authorized representative, hereby acknowledge our role as the facilitator and overseer of the agreement reached between the Borrower and the Lender. It is affirmed that the Borrower has pledged to repay the lent amount under the conditions specified in the promissory note, including any interest payments at the rate of [INTEREST RATE] per annum.
The following particulars of the promissory note are acknowledged for clarity and record purposes:
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Principal Amount: [PRINCIPAL AMOUNT]
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Repayment Schedule: [REPAYMENT SCHEDULE DETAILS]
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Final Due Date for Repayment: [FINAL REPAYMENT DATE]
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Interest Rate: [INTEREST RATE] per annum
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Additional Terms or Conditions: [ANY SPECIAL TERMS]
This acknowledgment is issued by [YOUR COMPANY NAME] under the authority of [YOUR NAME], representative. Our commitment is to ensure that all parties adhere to the terms laid out in the promissory note and to provide assistance in resolving any conflicts or misunderstandings that may occur during the repayment term.
Please find our contact details below for any queries or further communication:
Email: [YOUR COMPANY EMAIL]
Address: [YOUR COMPANY ADDRESS]
Phone Number: [YOUR COMPANY NUMBER]
Website: [YOUR COMPANY WEBSITE]
Thank you for your attention to this letter. We look forward to a successful fulfillment of all obligations as stated in the promissory note.
Sincerely,
[YOUR NAME]
[YOUR POSITION]
[YOUR COMPANY NAME]
