Canada Promissory Note for a Corporate Repurchase of Shares

Secure repayment of the purchase price of shares being repurchased by a Canadian corporation from one of its shareholders with this Promissory Note form.

• The Note includes a list of events of default upon which the Note will become immediately due and payable, such as if the corporation ceases to carry on business or becomes insolvent or bankrupt.
• There are two interest rates referenced in the Note. One rate is to be applied prior to default or maturity, the other upon default or maturity.
• The corporation may prepay all or part of the principal at any time without bonus or penalty.

This Canada Promissory Note for a Corporate Repurchase of Shares is in MS Word format and is easy to download, fill in with your details, and print.