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1. Date and Place of Issuance: Specifies the date and location where the promissory note is issued, as required by Saudi law
2. Promise to Pay Statement: Unconditional promise to pay a specified sum, including the words 'promissory note' in Arabic
3. Parties: Details of the maker (promisor) and payee(s) including full legal names and addresses
4. Principal Amount: The total amount promised to be paid, written in both numbers and words in Saudi Riyals
5. Payment Terms: Specific details about when and how payment will be made, including maturity date
6. Place of Payment: The specified location where the payment must be made
7. Shariah Compliance Declaration: Statement confirming the note represents a genuine commercial transaction compliant with Islamic principles
8. Governing Law: Specification that Saudi Arabian law governs the promissory note
9. Signature: Space for maker's signature and official stamp if applicable
1. Early Payment Provisions: Terms regarding voluntary early payment of the note, used when early settlement is anticipated
2. Default Provisions: Consequences of default and remedies available to the payee(s), included for higher-value transactions
3. Transfer Restrictions: Any limitations on the transferability of the note, included when transferability needs to be restricted
4. Multiple Drawdown Provisions: Terms for multiple disbursements, used in cases of phased funding
5. Security Details: Reference to any security or collateral, included when the note is secured
6. Grid Participation Terms: Specific terms relating to the grid structure and participant rights, used in complex grid arrangements
1. Payment Schedule: Detailed schedule of payment dates and amounts if multiple payments are involved
2. Grid Participants Schedule: List of all participating lenders in the grid structure with their respective contributions
3. Security Documentation: Details of any security or collateral provided (if applicable)
4. Authorized Signatories: List of persons authorized to act on behalf of corporate entities involved
5. Special Conditions: Any special conditions or terms specific to the transaction
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