Phoenix Arizona Sample Letter for Revised Promissory Note

• Category: Promissory Notes - Revisions
• State: Multi-State
• City: Phoenix
• 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] Dear [Recipient's Name], RE: Revised Promissory Note I hope this letter finds you in good health and high spirits. I am writing to inform you of the necessary amendments to our original promissory note, dated [date]. As discussed during our recent conversation, I have made certain modifications to address certain changes in our agreement. The revised promissory note is attached herein for your reference and execution. This revised promissory note is an updated version that reflects our mutual understanding and incorporates the necessary changes that we have agreed upon. It is essential for both parties involved to be aware of these modifications and to adjust our respective expectations accordingly. I believe that this revision will serve to strengthen our partnership. The key changes made within this revised promissory note include: 1. Clarification of payment terms: The revised note specifies the frequency and amount of each installment, as well as any applicable late payment fees or penalties. 2. Extension of the repayment period: Due to unforeseen circumstances, we have extended the repayment period to [new duration]. This adjustment allows for greater flexibility and ease in fulfilling the financial obligations. 3. Alterations to Interest rate: The interest rate has been adjusted to [new interest rate], ensuring fair and equitable terms for both parties. 4. Additional terms or conditions: If applicable, any new terms or conditions that need to be added in light of our revised agreement have been explicitly outlined in the revised promissory note. Please take the time to carefully review the revised promissory note. If you have any concerns or further suggestions, I encourage you to communicate them promptly. It is our shared responsibility to ensure that the revised terms meet our individual needs and expectations. Kindly sign and return the enclosed copy of the revised promissory note within [timeframe] to acknowledge your acceptance of the modifications. Once I receive the signed document, I will validate the revisions and provide you with a countersigned copy for your records. Please do not hesitate to contact me at [phone number] or [email address] should you have any questions or require further clarification. I believe that open and transparent communication is vital to maintaining a successful professional relationship. I value our agreement and look forward to continuing our mutually beneficial collaboration. Thank you for your attention to this matter, and I appreciate your prompt response. 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] Dear [Recipient's Name], RE: Revised Promissory Note I hope this letter finds you in good health and high spirits. I am writing to inform you of the necessary amendments to our original promissory note, dated [date]. As discussed during our recent conversation, I have made certain modifications to address certain changes in our agreement. The revised promissory note is attached herein for your reference and execution. This revised promissory note is an updated version that reflects our mutual understanding and incorporates the necessary changes that we have agreed upon. It is essential for both parties involved to be aware of these modifications and to adjust our respective expectations accordingly. I believe that this revision will serve to strengthen our partnership. The key changes made within this revised promissory note include: 1. Clarification of payment terms: The revised note specifies the frequency and amount of each installment, as well as any applicable late payment fees or penalties. 2. Extension of the repayment period: Due to unforeseen circumstances, we have extended the repayment period to [new duration]. This adjustment allows for greater flexibility and ease in fulfilling the financial obligations. 3. Alterations to Interest rate: The interest rate has been adjusted to [new interest rate], ensuring fair and equitable terms for both parties. 4. Additional terms or conditions: If applicable, any new terms or conditions that need to be added in light of our revised agreement have been explicitly outlined in the revised promissory note. Please take the time to carefully review the revised promissory note. If you have any concerns or further suggestions, I encourage you to communicate them promptly. It is our shared responsibility to ensure that the revised terms meet our individual needs and expectations. Kindly sign and return the enclosed copy of the revised promissory note within [timeframe] to acknowledge your acceptance of the modifications. Once I receive the signed document, I will validate the revisions and provide you with a countersigned copy for your records. Please do not hesitate to contact me at [phone number] or [email address] should you have any questions or require further clarification. I believe that open and transparent communication is vital to maintaining a successful professional relationship. I value our agreement and look forward to continuing our mutually beneficial collaboration. Thank you for your attention to this matter, and I appreciate your prompt response. Yours sincerely, [Your Name]