Suffolk New York Sample Letter for Request for Extension of Time on Promissory Note

• Category: Letters - Nonlegal - Requests
• State: Multi-State
• County: Suffolk
• Control #: US-0395LR
• Format: Word; Rich Text

Description

Sample Letter for Request for Extension of Time on Promissory Note [Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note dated [insert date] related to our financial agreement. As circumstances beyond my control have temporarily hindered my ability to fulfill the repayment obligations by the agreed-upon deadline, I kindly ask for your understanding and cooperation in granting me an extension. At this time, I would like to provide you with a detailed explanation of the extenuating circumstances causing this unforeseen delay. [Insert explanation here. For instance, you may mention an unexpected financial setback, a personal or family emergency, or any other compelling reason that has hindered your ability to meet the repayment deadline.] While I acknowledge my responsibility to meet the financial commitment outlined in the promissory note, I am requesting an extension of [insert desired time frame] to gather the necessary funds and fulfill my obligations. I assure you that this extension is not intended to evade or neglect my repayment but is merely a temporary measure to overcome these unforeseen challenges. Considering our past successful business relationship and my commitment to honoring the terms of the promissory note, I humbly request your empathy and support in granting this extension. I assure you that all outstanding payments will be made in full as soon as the extenuating circumstances are resolved. In order to formalize this extension request, I am enclosing the updated promissory note reflecting the revised end date for the repayment period. Additionally, I am open to discussing any alternative arrangements or modified terms that may be mutually agreeable and still satisfy both parties' interests. I kindly request your prompt attention to this matter so that we may reach an acceptable resolution. I can be reached at [your contact information] should you have any questions or require further information. Thank you for your understanding, and I look forward to your favorable response. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note dated [insert date] related to our financial agreement. As circumstances beyond my control have temporarily hindered my ability to fulfill the repayment obligations by the agreed-upon deadline, I kindly ask for your understanding and cooperation in granting me an extension. At this time, I would like to provide you with a detailed explanation of the extenuating circumstances causing this unforeseen delay. [Insert explanation here. For instance, you may mention an unexpected financial setback, a personal or family emergency, or any other compelling reason that has hindered your ability to meet the repayment deadline.] While I acknowledge my responsibility to meet the financial commitment outlined in the promissory note, I am requesting an extension of [insert desired time frame] to gather the necessary funds and fulfill my obligations. I assure you that this extension is not intended to evade or neglect my repayment but is merely a temporary measure to overcome these unforeseen challenges. Considering our past successful business relationship and my commitment to honoring the terms of the promissory note, I humbly request your empathy and support in granting this extension. I assure you that all outstanding payments will be made in full as soon as the extenuating circumstances are resolved. In order to formalize this extension request, I am enclosing the updated promissory note reflecting the revised end date for the repayment period. Additionally, I am open to discussing any alternative arrangements or modified terms that may be mutually agreeable and still satisfy both parties' interests. I kindly request your prompt attention to this matter so that we may reach an acceptable resolution. I can be reached at [your contact information] should you have any questions or require further information. Thank you for your understanding, and I look forward to your favorable response. Yours sincerely, [Your Name]