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Complaint Form Expense Report Receipt

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PARTY (FROM)
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PARTY 

PROMISSORY NOTE
FOR VALUE RECEIVED, the undersigned ("Borrower") [if a corporation or limited liability company add " a corporation (or substitute "limited liability company" for corporation if LLC) organized in the state of ____________"] hereby promises to pay to ____________________, ("Lender") [if a corporation or limited liability company add "a corporation (or substitute limited liability company if LLC) organized in the state of ____________"] the sum of___ [insert amount stated in words] Dollars ($___) [insert amount in numbers], together with interest thereon at the rate of ___ % per annum on the unpaid balance.
 
Terms
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1.
Payment. This Note shall be paid in the manner following:
2.
[Describe payment terms, for example, equal installment payments each month; interest only payments until Due Date; no current payment and all interest and principal paid on Due Date]
3.
All unpaid principal and unpaid accrued interest shall be due and payable no later than [insert date] (the "Due Date"). All payments shall be first applied to interest and the balance to principal.
4.
Payments shall be made payable to Lender and mailed to the following address: _________________, or such other address as Lender may designate in written notice to Borrower, from time to time.
5.
Prepayment. This Note may be prepaid, at any time, in whole or in part, without penalty.
6.
Payment on Default. This Note shall at Lender's option be immediately due and payable upon: (1) Borrower's failure to make any payment due hereunder, or (2) upon the filing by Borrower of an assignment for the benefit of creditors, or (3) Borrower filing for relief under any provisions of the Bankruptcy Code; or (4) by Borrower suffering an involuntary petition in bankruptcy or receivership not vacated within thirty days.
7.
In the event this Note shall be in default, and placed with an attorney for collection, then Borrower agrees to pay all reasonable attorney fees and costs of collection.
8.
Waivers. Borrower waives demand, presentment and protest and all notices thereto and further agrees to remain bound, notwithstanding any extension, renewal, modifications, waiver, or other indulgence by Lender.
9.
Non-Negotiable. This Note is non-negotiable and may not be transferred.



This Agreement will be governed by the laws of:
(Usually the state in which you are conducting business)
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PARTY (FROM) ACKNOWLEDGEMENT
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PARTY ACKNOWLEDGEMENT
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