Virgin Islands 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. Sample Letter for Revised Promissory Note in the Virgin Islands Date: [Date] [First and Last Name of the Borrower] [Address of the Borrower] [City, State, ZIP Code] [First and Last Name of the Lender] [Address of the Lender] [City, State, ZIP Code] Revised Promissory Note Dear [Borrower's Name], Subject: Revised Promissory Note — Loan Agreement between [Borrower's Name] and [Lender's Name] I am writing this letter to provide you with a revised promissory note that reflects the changes made to our loan agreement. Kindly review the revised terms as outlined below: 1. Loan Details: — Total Loan Amount: [Insert revised loan amount] — Interest Rate: [Insert revised interest rate] — Term: [Insert revised loan term— - Installment Amount: [Insert revised installment amount] — Payment Due Date: [Insert revised payment due date] 2. Modification Explanation: [Explain the reason for the modification, such as change in financial circumstances, mutual agreement, etc.] 3. Existing Agreement: The previous promissory note, dated [Insert original promissory note date], shall be void and superseded by this revised note. All other terms and conditions of our original agreement shall remain in effect, except those modified as mentioned above. 4. Repayment Schedule: [Provide a detailed repayment schedule, specifying the dates and amounts of each installment payment.] 5. Security/Collateral: [Mention any collateral or security provided earlier and confirm whether it is still valid as per the revised promissory note.] 6. Governing Law: This agreement shall be governed by the laws of the Virgin Islands. Any disputes arising from or related to this agreement will be subject to the exclusive jurisdiction of the courts in the Virgin Islands. Please carefully review the terms and conditions of this revised promissory note. If you agree to the modifications, please sign and return a copy of this letter to signify your acceptance. Additionally, if you have any questions or concerns regarding the revised terms, please do not hesitate to contact me at [Phone Number] or [Email Address]. Note that failure to return the signed copy of this letter within [mention a specific deadline] will be considered as non-acceptance of the revised terms. In such a case, the original loan agreement will remain in effect. Thank you for your prompt attention to this matter. We value our commitment to you and appreciate your cooperation in revising the promissory note. We look forward to continuing a mutually beneficial financial relationship. Yours sincerely, [Your Name] [Lender's Title/Position] [Contact Information] Keywords: Virgin Islands, Revised Promissory Note, Loan Agreement, Loan Amount, Interest Rate, Loan Term, Installment Amount, Payment Due Date, Modification, Repayment Schedule, Security, Collateral, Governing Law.

Sample Letter for Revised Promissory Note in the Virgin Islands Date: [Date] [First and Last Name of the Borrower] [Address of the Borrower] [City, State, ZIP Code] [First and Last Name of the Lender] [Address of the Lender] [City, State, ZIP Code] Revised Promissory Note Dear [Borrower's Name], Subject: Revised Promissory Note — Loan Agreement between [Borrower's Name] and [Lender's Name] I am writing this letter to provide you with a revised promissory note that reflects the changes made to our loan agreement. Kindly review the revised terms as outlined below: 1. Loan Details: — Total Loan Amount: [Insert revised loan amount] — Interest Rate: [Insert revised interest rate] — Term: [Insert revised loan term— - Installment Amount: [Insert revised installment amount] — Payment Due Date: [Insert revised payment due date] 2. Modification Explanation: [Explain the reason for the modification, such as change in financial circumstances, mutual agreement, etc.] 3. Existing Agreement: The previous promissory note, dated [Insert original promissory note date], shall be void and superseded by this revised note. All other terms and conditions of our original agreement shall remain in effect, except those modified as mentioned above. 4. Repayment Schedule: [Provide a detailed repayment schedule, specifying the dates and amounts of each installment payment.] 5. Security/Collateral: [Mention any collateral or security provided earlier and confirm whether it is still valid as per the revised promissory note.] 6. Governing Law: This agreement shall be governed by the laws of the Virgin Islands. Any disputes arising from or related to this agreement will be subject to the exclusive jurisdiction of the courts in the Virgin Islands. Please carefully review the terms and conditions of this revised promissory note. If you agree to the modifications, please sign and return a copy of this letter to signify your acceptance. Additionally, if you have any questions or concerns regarding the revised terms, please do not hesitate to contact me at [Phone Number] or [Email Address]. Note that failure to return the signed copy of this letter within [mention a specific deadline] will be considered as non-acceptance of the revised terms. In such a case, the original loan agreement will remain in effect. Thank you for your prompt attention to this matter. We value our commitment to you and appreciate your cooperation in revising the promissory note. We look forward to continuing a mutually beneficial financial relationship. Yours sincerely, [Your Name] [Lender's Title/Position] [Contact Information] Keywords: Virgin Islands, Revised Promissory Note, Loan Agreement, Loan Amount, Interest Rate, Loan Term, Installment Amount, Payment Due Date, Modification, Repayment Schedule, Security, Collateral, Governing Law.