Oklahoma Sample Letter for Revised Promissory Note

• Category: Promissory Notes - Revisions
• State: Multi-State
• Control #: US-0427LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Revised Promissory Note Referring to [Original Promissory Note Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to discuss a revision to the promissory note we agreed upon on [Date of Original Note]. Due to unforeseen circumstances [provide a brief explanation if applicable], I believe it is necessary to modify the terms outlined in the original agreement to alleviate any potential issues and ensure a mutually beneficial resolution. I have carefully reviewed the terms stated in the original promissory note, and after thorough consideration, I propose the following changes: 1. Amendment to Repayment Schedule: [Describe the changes to the repayment schedule, including revised dates, amounts, and/or frequencies. Clearly explain the reasons for the proposed changes and how they will benefit both parties.] 2. Interest Rate Modification: [If applicable, explain any changes to the interest rate, including the new rate and the rationale behind it. Make sure to address any concerns or implications that may arise.] 3. Additional Terms and Conditions: [If there are any other modifications needed, provide a detailed explanation of each change. This may include adjustments to late payment fees, grace periods, collateral arrangements, or any other relevant stipulations.] I believe that these proposed revisions will help alleviate any potential financial strain for both parties and foster a stronger working relationship. I kindly request your consideration and approval of the revised promissory note. Please review the enclosed document that outlines the suggested amendments in a clear and organized manner. In order to ensure transparency and efficient communication, I encourage you to thoroughly review the revised promissory note and seek any necessary legal advice before providing your final approval. I recommend that we discuss the proposed changes in person or over the phone to address any questions or concerns you may have. Please provide your response to this revised promissory note by [desired response deadline]. Whether you accept the proposed changes or have any counteroffers, it is essential that we move forward with a revised agreement to safeguard our interests and maintain a positive business relationship. I sincerely appreciate your understanding and willingness to collaborate on this matter. The trust we have built thus far allows me to confidently express my desire for a fair and equitable solution. Should you require any additional information or documentation, please do not hesitate to contact me. I look forward to hearing from you soon and resolving this matter amicably. Thank you for your time and attention. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Revised Promissory Note Referring to [Original Promissory Note Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to discuss a revision to the promissory note we agreed upon on [Date of Original Note]. Due to unforeseen circumstances [provide a brief explanation if applicable], I believe it is necessary to modify the terms outlined in the original agreement to alleviate any potential issues and ensure a mutually beneficial resolution. I have carefully reviewed the terms stated in the original promissory note, and after thorough consideration, I propose the following changes: 1. Amendment to Repayment Schedule: [Describe the changes to the repayment schedule, including revised dates, amounts, and/or frequencies. Clearly explain the reasons for the proposed changes and how they will benefit both parties.] 2. Interest Rate Modification: [If applicable, explain any changes to the interest rate, including the new rate and the rationale behind it. Make sure to address any concerns or implications that may arise.] 3. Additional Terms and Conditions: [If there are any other modifications needed, provide a detailed explanation of each change. This may include adjustments to late payment fees, grace periods, collateral arrangements, or any other relevant stipulations.] I believe that these proposed revisions will help alleviate any potential financial strain for both parties and foster a stronger working relationship. I kindly request your consideration and approval of the revised promissory note. Please review the enclosed document that outlines the suggested amendments in a clear and organized manner. In order to ensure transparency and efficient communication, I encourage you to thoroughly review the revised promissory note and seek any necessary legal advice before providing your final approval. I recommend that we discuss the proposed changes in person or over the phone to address any questions or concerns you may have. Please provide your response to this revised promissory note by [desired response deadline]. Whether you accept the proposed changes or have any counteroffers, it is essential that we move forward with a revised agreement to safeguard our interests and maintain a positive business relationship. I sincerely appreciate your understanding and willingness to collaborate on this matter. The trust we have built thus far allows me to confidently express my desire for a fair and equitable solution. Should you require any additional information or documentation, please do not hesitate to contact me. I look forward to hearing from you soon and resolving this matter amicably. Thank you for your time and attention. Yours sincerely, [Your Name]