Promissory Note with Guarantee

Promissory Note (with Guarantee)

Borrower Name: _____________________________________________ (Print Names) Principal Amount: ____________________________________________ Term: _____________________________________________________ Payee: _____________________________________________________ Address for Payment: _________________________________________ _________________________________________ _________________________________________ Project Name: _______________________________________________ Project Genre: _______________________________________________ (film, music video, stage play, documentary etc.) 1. Annual interest rate on matured, unpaid amounts shall be the maximum amount permitted by the Laws of __________________________________. (state, province, country) 2. This Note is due and payable with __________ monthly payments in total with each and every payment being an equal monthly payment of _____________ principle. The first such payment due and payable on the __________ day of _____________________, 20____, and a like installment shall be due and payable on the same day of each succeeding month thereafter until the total principal of __________________ is paid in full. If each payment is not paid on time, the remaining balance will be subject to the maximum amount of interest permitted by the Laws _______________________________. (state, province, country) 3. Borrower reserves the right to prepay this Note in whole or in part, prior to maturity, without penalty. 4. Borrower promises to pay to the order of Payee at the place for payment and according to the terms for . . . continued 10. If any provision of this Note or the application thereof shall, for any reason and to any extent, be invalid or unenforceable, neither the remainder of this Note nor the application of the provision to other persons, entities or circumstances shall be affected . . . continued