During many years of preparation for the recognition of debt agreements, we have made selections and included in this proposal The recognition of the debt agreement, all the best possible provisions to effectively and efficiently regulate the debt owed to your company. Our “Recognition Agreement” proposal resolves almost all aspects of the RECOGNITION agreement by providing, at the beginning of the ERA, a clear picture that will allow you to adapt certain parts of the agreement that you wish to include, exclude or vary. DEBT RECOGNITION. The debtor agrees and acknowledges that he is fully liable to the creditor. Our unique table at the beginning of the agreement allows you to adapt the recognition agreement to your needs 3 This recognition of the debt is the unique and exclusive document that attests to my overall responsibility towards the creditor; (b) All objections that I have previously had under previous agreements with the creditor are expressly abandoned and abandoned by myself, in full force, in terms of meaning and effect, declaring myself fully known; c) I/We agree that a judgment against me/us within the meaning of section 58 of the Magistrate`s Court Act No. PandaTip: in other words, if necessary, the debtor and creditor will take additional measures to ensure that the debt will be repaid as long as the terms of this agreement are met. 7 I/We renounce here the advantages of the legal exceptions “non numeratae pecuniae”, “errore calculi”, “non causa debiti” and “revision of accounts” with all the force, meaning and effect, to which I/we fully entrust ourselves; 6. I/We agree that all payments should be made to the following persons: Debtor`s bank account data 7. I/We hereby choose domicilium citandi et executandi for all purposes within the meaning of this acknowledgment of the debt to: Address of the creditor 8.
Ultimately, there is a part that a notary must fill out after seeing the debtor`s signature. This is a good idea, as it ensures that the debtor`s signature cannot be questioned, given that the debtor`s signature is the most important, but the notary is not necessarily necessary. It is up to the creditor and the debtor to decide whether the form is notarized. 5 (B) the outstanding balance remaining at the rate of R 2 (two thousand rand) or more per month beginning on 31 October 2012 and payable on the last day of each following month, until the total amount of principal and interest, as indicated above, is paid in full to the creditor; (c) I/We acknowledge that the principal is remunerated at an interest rate of 2% (2%) per month, calculated from 15 July 201_ until the date of final payment; (d) all payments made in connection with such recognition of the debt may be made by the creditor first in the form of a reduction in interest, then as recovery costs, and then as a reduction in the amount of principal due and to be paid to the creditor from time to time. PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of this agreement differ from all the others that have been signed previously, the terms of this agreement are the ones that are used. 4 32 of 1944 in the event that we do not respect the repayment deadline described in this acknowledgment of the debt. The creditor has the right to request a judgment without prior notification of the debtor. The debtor agrees with the above-mentioned judgment on the outstanding amount at the relevant date as well as on interest and costs. 2. I hereby agree and we undertake to pay the amount of the principal together with the interest, as set out below: a) R 2 (two thousand rands) on 30 September 201.
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