View the list of Sample Business Letters

Agreement to Extend Debt Payment

Disclaimer: Be aware that some of these sample letters have legal, financial, or other implications. If you are not sure about the use of any letter, consult with an appropriate professional first.

Agreement to Extend Debt Payment

AGREEMENT TO EXTEND
DEBT PAYMENT






FOR VALUE RECEIVED, the undersigned, _ (Creditor) and _
(Company), hereby acknowledge and agree that:
1. The Company presently owes the Creditor the sum of
$_, said sum being presently due and payable.
2. In further consideration of the Creditor's
forebearance, the Company agrees to pay said debt on
extended terms in the manner following:


_


3. In the event the Company fails to make any payments
punctually on the agreed extended terms, the Creditor
shall have full rights to proceed for the collection
of the entire balance then remaining.
4. This agreement shall be binding upon and inure to the
benefit of the parties, their successors, assigns and
personal representatives.
Signed under seal this _ day of _, 19_.








___________________________
Creditor








___________________________
Company


   


 

Reprinted with the permission of 4hb.com . All Rights Reserved.