Promissory note by a company

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Promissory note by a company

Promissory note by a company

PROMISSORY NOTE

Principal amount: £[insert amount in figures] ([insert amount in words])

[insert date]

[insert name of company], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] and [insert name of company], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address], (the ‘Promisor[s]’), [jointly and severally] promise[s] to pay to [insert name and address of payee] (the ‘Payee’) [or to the order of the Payee OR or to bearer] [on demand OR [insert number of months] months after date OR [insert number of days] days after sight], at [insert address where the promissory note may be presented for sight or payment], the sum of £[insert amount in figures] ([insert amount in words]) for value received [by [insert number of instalments] instalments of £[insert amount in figures] ([insert amount in words]) each, payable on [insert dates for payments of instalments] with interest on the balance for the time being outstanding, payable (together with the repayment of the capital sum) on the above dates at [insert interest rate] and in default of payment of any instalment, to pay to the Payee on demand the whole balance then unpaid with interest as above to the date of repayment].

[The [Promisor has OR Promisors have] deposited

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