Note To Settle Account Payable

FOR VALUE RECEIVED the undersigned promises to pay to the order

of____________________________HOLDER the sum of $______________ together with interest at the rate of__________% per annum.

The said principal and interest shall be payable in the manner following:

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The undersigned may prepay this note without penalty.  In the event that any payment required hereunder is not paid when due the entire balance shall be immediately due upon the demand of any holder.  Upon default the undersigned shall pay all solicitors fees and costs of collection.

This note is executed to evidence a certain existing indebtedness due to the holder from the undersigned and shall operate to fully determine same, and this note shall be further construed as a separate obligation.

 

Dated this_______ day of______________________, 201(x).

 

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