A sample of an acceleration clause in a promissory note would be: "the failure to pay any installment when due shall mature the entire indebtedness at the option of the holder of this Note." A sample of a prepayment clause in a promissory note would be: "the undersigned may prepay the principal amount outstanding in whole or in part without penalty."
Title: Sacramento California Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Introduction: This letter template is specifically designed for individuals or businesses in Sacramento, California, dealing with the full payment of an outstanding balance on a promissory note. It aims to inform the recipient that the borrower intends to pay off the remaining balance in its entirety, either due to the acceleration of the note or a voluntary prepayment. Please ensure to tailor the content according to your specific circumstances. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Dear [Recipient's Name], I am writing this letter to formally tender the full payment of the existing balance on the promissory note referenced [include the promissory note number, if applicable], in accordance with the acceleration or prepayment provisions outlined in the note agreement. I, [Borrower's Name], hereby state my intention to settle the outstanding balance of $[amount due] on the aforementioned promissory note, with the goal of fulfilling my financial obligations promptly and completely. To facilitate the payment, I have made arrangements to remit the full settlement amount utilizing the following method: [Specify payment method, including check, wire transfer, etc.]. The payment will be sent promptly to the designated account, as follows: Bank Name: [Name of Bank] Account Holder: [Your Name, as listed on your bank account] Account Number: [Your Bank Account Number] Routing Number: [Your Bank's Routing Number] I kindly request that you acknowledge receipt of this letter within [mention a reasonable period, e.g., 10 days] and provide clear instructions on the preferred payment method if necessary. In case there are any applicable penalties, fees, or instructions prior to the full discharge of the note, kindly notify me in writing at your earliest convenience. I would appreciate your prompt cooperation to ensure a smooth and accurate resolution of this matter. Please consider this letter as a formal confirmation of my commitment to satisfying the requirements stipulated in the promissory note agreement, and I welcome the opportunity to finalize this obligation accordingly. I appreciate your professionalism and understanding in this matter, and I look forward to your prompt response. Should you require any further information or documentation, please do not hesitate to contact me directly at [your phone number] or via email at [your email address]. Thank you for your attention to this matter. Yours sincerely, [Your Name] Keywords: Sacramento, California, letter, full payment, existing balance, promissory note, acceleration, prepayment, tendering, settlement, obligations, payment method, penalties, fees, discharge, resolution.Title: Sacramento California Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Introduction: This letter template is specifically designed for individuals or businesses in Sacramento, California, dealing with the full payment of an outstanding balance on a promissory note. It aims to inform the recipient that the borrower intends to pay off the remaining balance in its entirety, either due to the acceleration of the note or a voluntary prepayment. Please ensure to tailor the content according to your specific circumstances. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note Dear [Recipient's Name], I am writing this letter to formally tender the full payment of the existing balance on the promissory note referenced [include the promissory note number, if applicable], in accordance with the acceleration or prepayment provisions outlined in the note agreement. I, [Borrower's Name], hereby state my intention to settle the outstanding balance of $[amount due] on the aforementioned promissory note, with the goal of fulfilling my financial obligations promptly and completely. To facilitate the payment, I have made arrangements to remit the full settlement amount utilizing the following method: [Specify payment method, including check, wire transfer, etc.]. The payment will be sent promptly to the designated account, as follows: Bank Name: [Name of Bank] Account Holder: [Your Name, as listed on your bank account] Account Number: [Your Bank Account Number] Routing Number: [Your Bank's Routing Number] I kindly request that you acknowledge receipt of this letter within [mention a reasonable period, e.g., 10 days] and provide clear instructions on the preferred payment method if necessary. In case there are any applicable penalties, fees, or instructions prior to the full discharge of the note, kindly notify me in writing at your earliest convenience. I would appreciate your prompt cooperation to ensure a smooth and accurate resolution of this matter. Please consider this letter as a formal confirmation of my commitment to satisfying the requirements stipulated in the promissory note agreement, and I welcome the opportunity to finalize this obligation accordingly. I appreciate your professionalism and understanding in this matter, and I look forward to your prompt response. Should you require any further information or documentation, please do not hesitate to contact me directly at [your phone number] or via email at [your email address]. Thank you for your attention to this matter. Yours sincerely, [Your Name] Keywords: Sacramento, California, letter, full payment, existing balance, promissory note, acceleration, prepayment, tendering, settlement, obligations, payment method, penalties, fees, discharge, resolution.
