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90 Day Promissory Note
I need a 90 Day Promissory Note governed by Danish law for a €50,000 business loan to be issued on March 15, 2025, secured by business inventory and including a corporate guarantee from the parent company.
1. Parties: Identification of the maker (debtor) and payee (creditor) with full legal names, addresses, and any registration numbers
2. Promise to Pay: Clear statement of the unconditional promise to pay, specifying the principal amount in both numbers and words
3. Payment Terms: Specification of the 90-day term, due date, payment method, and location of payment
4. Interest Rate: Statement of the applicable interest rate, calculation method, and payment frequency in accordance with Danish Interest Act
5. Events of Default: Definition of circumstances that constitute default and consequences thereof
6. Governing Law: Specification of Danish law as governing law and jurisdiction
1. Security: Details of any collateral securing the note, used when the note is secured by specific assets
2. Guarantees: Information about any guarantors and the terms of their guarantees, included when third-party guarantees are provided
3. Prepayment Terms: Conditions and penalties for early payment, included when early payment is allowed or restricted
4. Transfer Rights: Terms regarding the transferability of the note, included when specific transfer restrictions or rights are needed
5. Notice Provisions: Detailed requirements for giving notices, included in more formal or complex arrangements
6. Representations and Warranties: Basic representations about authority and capacity, included in commercial contexts
1. Payment Schedule: Detailed breakdown of payment dates and amounts, used when payments are structured or installment-based
2. Collateral Description: Detailed description of any security or collateral, including registration details if applicable
3. Calculation of Interest: Detailed methodology for interest calculations if complex or variable rates apply
Authors
Banking & Financial Services
Commercial Real Estate
Small Business
Manufacturing
Retail
Professional Services
Construction
Import/Export
Agriculture
Technology
Legal
Finance
Treasury
Credit Control
Accounts Receivable
Risk Management
Compliance
Corporate Secretariat
Commercial Operations
Finance Manager
Treasury Manager
Chief Financial Officer
Legal Counsel
Credit Manager
Accounts Receivable Manager
Corporate Controller
Risk Manager
Commercial Director
Business Development Manager
Compliance Officer
Financial Analyst
Corporate Secretary
Managing Director
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