Contact Name
Address
Address2
City, State/Province
Zip/Postal Code
OBJECT: REQUEST EXTENSION OF TIME TO REPAY DEBT
Dear [CONTACT NAME],
This is to inform you that I am in receipt of your letter of [DATE] and I acknowledge that my account is in arrears in the amount of [AMOUNT].
We have been experiencing some difficulties lately in collecting our accounts receivable and unfortunately the domino theory has become more reality than theory.
In fairness to all of our creditors, I would like to suggest that I send you [AMOUNT] per month for a period of [NUMBER] months in order to satisfy this obligation. I am enclosing the first check for [AMOUNT] as a sign of good faith and am hoping that this proposal will be acceptable to you. It is understood that should we be successful in our attempts to collect some of our larger receivables during the next few months, I will be most happy to remit the entire balance due on this account.
Please let me hear from you regarding the proposal I have outlined.
Thank you for your patience and understanding in this unfortunate situation.
Tuesday, February 23, 2010
Friday, January 22, 2010
EXTENDED DATE FOR PERFORMANCE
EXTENDED DATE FOR PERFORMANCE
This Extended Date for Performance Agreement (the "Agreement") is made and effective this [DATE],
BETWEEN: [YOUR COMPANY NAME] (the "First party"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
AND: [SECOND PARTY] (the "Second party"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] of [STATE/PROVINCE], with its head office located at:
[ADDRESS]
In consideration of the mutual covenants contained in this agreement, the parties agree as follows:
WHEREIN said Agreement expires on [DATE], and the parties desire to extend and continue said Agreement; it is provided that said Agreement shall be extended for an additional term of [TIME PERIOD], commencing upon the expiration of the original term and expiring on [DATE].
Said agreement provides that completion or performance shall be made on or before [DATE], (the “Performance date”).
The parties hereby agree that the date for performance be continued and extended to [DATE], with no other change in terms or further extension intended.
IN WITNESS WHEREOF, the parties have executed this agreement at [DESIGNATE PLACE OF EXECUTION] on [DATE].
FIRST PARTY SECOND PARTY
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title
This Extended Date for Performance Agreement (the "Agreement") is made and effective this [DATE],
BETWEEN: [YOUR COMPANY NAME] (the "First party"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
AND: [SECOND PARTY] (the "Second party"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] of [STATE/PROVINCE], with its head office located at:
[ADDRESS]
In consideration of the mutual covenants contained in this agreement, the parties agree as follows:
WHEREIN said Agreement expires on [DATE], and the parties desire to extend and continue said Agreement; it is provided that said Agreement shall be extended for an additional term of [TIME PERIOD], commencing upon the expiration of the original term and expiring on [DATE].
Said agreement provides that completion or performance shall be made on or before [DATE], (the “Performance date”).
The parties hereby agree that the date for performance be continued and extended to [DATE], with no other change in terms or further extension intended.
IN WITNESS WHEREOF, the parties have executed this agreement at [DESIGNATE PLACE OF EXECUTION] on [DATE].
FIRST PARTY SECOND PARTY
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title
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