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Text File  |  1991-01-10  |  1KB  |  49 lines
  1.                          AGREEMENT TO EXTEND
  2.                             DEBT PAYMENT
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  9.      FOR VALUE RECEIVED, the undersigned, _ [Creditor] and _
  10. [Company], hereby acknowledge and agree that:
  11.      1. The Company presently owes the Creditor the sum of
  12.         $_, said sum being presently due and payable.
  13.      2. In further consideration of the Creditor's
  14.         forebearance, the Company agrees to pay said debt on
  15.         extended terms in the manner following:
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  18.         _
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  21.      3. In the event the Company fails to make any payments
  22.         punctually on the agreed extended terms, the Creditor
  23.         shall have full rights to proceed for the collection
  24.         of the entire balance then remaining.
  25.      4. This agreement shall be binding upon and inure to the
  26.         benefit of the parties, their successors, assigns and
  27.         personal representatives.
  28.      Signed under seal this _ day of _, 19_.
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  37.                                    ___________________________
  38.                                              Creditor
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  47.                                    ___________________________
  48.                                              Company
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