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1. Promissory Note Declaration: Clear statement that this is a promissory note, including the unconditional promise to pay
2. Date and Place of Issuance: Specific date and location where the promissory note is issued, as required by UAE law
3. Parties: Full legal names and details of the maker (promisor) and the payee (lender)
4. Principal Amount: The amount promised to be paid, stated in both numbers and words
5. Payment Terms: Due date, payment schedule, and method of payment
6. Interest Rate: Applicable interest rate (if any) and calculation method
7. Place of Payment: Specific location where payment must be made
8. Governing Law: Statement that UAE law governs the promissory note
9. Signature Block: Space for maker's signature, witness signatures, and any required authentication
1. Security Provisions: Details of any collateral or security backing the promissory note, used when the note is secured
2. Acceleration Clause: Conditions under which the entire amount becomes immediately due, included for additional lender protection
3. Islamic Finance Compliance: Specific provisions ensuring Sharia compliance, required for Islamic banking transactions
4. Cross-Default Provisions: Reference to other obligations and consequences of default, used in complex lending arrangements
5. Assignment Provisions: Terms governing the transfer or assignment of the note, included when transferability is anticipated
1. Payment Schedule: Detailed breakdown of payment dates and amounts if installment payments are involved
2. Security Details: Detailed description of any collateral or security provided, including asset specifications
3. Related Agreements: List of any related loan agreements or security documents referenced in the note
4. Calculation Methods: Detailed explanation of interest calculations or other financial computations
Default Event
Default Interest
Due Date
Effective Date
Event of Default
Governing Law
Interest Period
Interest Rate
Issue Date
Lender
Maker
Material Adverse Effect
Maturity Date
Outstanding Amount
Payment Date
Place of Payment
Principal Amount
Profit Rate
Promissory Note
Security
Specified Currency
UAE
UAE Dirham
Working Day
Banking and Financial Services
Real Estate
Commercial Trading
Manufacturing
Construction
Small and Medium Enterprises
Corporate Finance
Islamic Banking
Investment Services
Import/Export
Retail
Professional Services
Legal
Finance
Treasury
Credit and Risk
Compliance
Banking Operations
Islamic Banking
Corporate Secretariat
Collections
Commercial Operations
Chief Financial Officer
Finance Manager
Legal Counsel
Corporate Lawyer
Credit Manager
Risk Officer
Treasury Manager
Banking Operations Manager
Compliance Officer
Islamic Banking Officer
Commercial Director
Financial Controller
Company Secretary
Loan Officer
Collections Manager
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