Wayne Michigan Sample Letter for Request for Extension of Time on Promissory Note

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

Description

Sample Letter for Request for Extension of Time on Promissory Note Subject: Urgent Request for Extension of Time on Promissory Note — [Your Name] [Your Name] [Your Address] [City/State/ZIP] [Email Address] [Phone Number] [Date] [Recipient Name] [Recipient's Title] [Recipient's Company/Organization/Bank] [Address] [City/State/ZIP] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to bring to your attention an urgent matter regarding the promissory note referenced [Promissory Note number]. I sincerely apologize for any inconvenience caused by my request for an extension of time, but I am facing unexpected circumstances that prevent me from fulfilling the note's terms within the originally agreed-upon time frame. Firstly, I would like to express my gratitude and appreciation for the trust and confidence your institution has placed in me by providing financial assistance. I greatly value our business relationship and understand the importance of adhering to the terms of our agreement. However, due to unforeseen challenges, I find it necessary to request an extension of time on the promissory note. Consequently, I kindly ask for a [duration of extension, for example, thirty (30) days] extension to effectively honor my obligations. This additional time will enable me to fulfill the terms of the promissory note fully. I understand that an extension might have financial implications, and I assure you that I am willing to take full responsibility for any additional costs or fees associated with this extension. Moreover, I would be more than happy to discuss any alternative solutions that would be acceptable to your institution and facilitate the extension process while preserving our mutual interests. To provide further context, I must mention that my current circumstances are beyond my control and mainly involve [briefly explain the situation, providing sufficient details to explain the need for an extension]. I have attached relevant supporting documents, such as medical reports, legal notices, or any other necessary evidence that showcase my situation. Rest assured that I am fully committed to fulfilling my obligations, and the extension will give me the necessary time to overcome these challenges and honor my financial commitment to your esteemed institution. I kindly request that you consider my situation with compassion and understanding, and grant the extension on the promissory note. If there are any additional documents or procedures required from my end, please let me know, and I will promptly comply. Thank you very much for your prompt attention to this matter. I am confident that an extension will allow me to address these unforeseen circumstances effectively. I assure you that once the extension is granted, I will abide by the extended terms without fail. Please feel free to reach me at [Phone Number] or via email at [Email Address] should you require any further information or clarification. I genuinely appreciate your understanding and cooperation. Thank you for your time and consideration. Sincerely, [Your Name] [Your Signature] Enclosure(s): [List of enclosed documents]

Subject: Urgent Request for Extension of Time on Promissory Note — [Your Name] [Your Name] [Your Address] [City/State/ZIP] [Email Address] [Phone Number] [Date] [Recipient Name] [Recipient's Title] [Recipient's Company/Organization/Bank] [Address] [City/State/ZIP] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to bring to your attention an urgent matter regarding the promissory note referenced [Promissory Note number]. I sincerely apologize for any inconvenience caused by my request for an extension of time, but I am facing unexpected circumstances that prevent me from fulfilling the note's terms within the originally agreed-upon time frame. Firstly, I would like to express my gratitude and appreciation for the trust and confidence your institution has placed in me by providing financial assistance. I greatly value our business relationship and understand the importance of adhering to the terms of our agreement. However, due to unforeseen challenges, I find it necessary to request an extension of time on the promissory note. Consequently, I kindly ask for a [duration of extension, for example, thirty (30) days] extension to effectively honor my obligations. This additional time will enable me to fulfill the terms of the promissory note fully. I understand that an extension might have financial implications, and I assure you that I am willing to take full responsibility for any additional costs or fees associated with this extension. Moreover, I would be more than happy to discuss any alternative solutions that would be acceptable to your institution and facilitate the extension process while preserving our mutual interests. To provide further context, I must mention that my current circumstances are beyond my control and mainly involve [briefly explain the situation, providing sufficient details to explain the need for an extension]. I have attached relevant supporting documents, such as medical reports, legal notices, or any other necessary evidence that showcase my situation. Rest assured that I am fully committed to fulfilling my obligations, and the extension will give me the necessary time to overcome these challenges and honor my financial commitment to your esteemed institution. I kindly request that you consider my situation with compassion and understanding, and grant the extension on the promissory note. If there are any additional documents or procedures required from my end, please let me know, and I will promptly comply. Thank you very much for your prompt attention to this matter. I am confident that an extension will allow me to address these unforeseen circumstances effectively. I assure you that once the extension is granted, I will abide by the extended terms without fail. Please feel free to reach me at [Phone Number] or via email at [Email Address] should you require any further information or clarification. I genuinely appreciate your understanding and cooperation. Thank you for your time and consideration. Sincerely, [Your Name] [Your Signature] Enclosure(s): [List of enclosed documents]