The Non-Recourse Promissory Note is a specialized financial instrument used primarily in asset-based financing transactions under Dutch law. It serves as a formal debt obligation document where the lender's recovery rights are specifically limited to designated collateral, providing protection for borrowers against broader liability while giving lenders security interest in specific assets. This document type is particularly valuable in project finance, real estate development, and other asset-heavy transactions where parties wish to ring-fence liability. The note must comply with Dutch Civil Code requirements regarding security rights and debt obligations, making it essential to include specific provisions about collateral description, enforcement mechanisms, and explicit recourse limitations. It's commonly used when borrowers seek to isolate risk to specific assets or projects, and lenders are comfortable with limiting their recovery options to particular high-value collateral.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Lender and Borrower with full legal names and addresses
2. Background: Brief context of the loan arrangement and purpose
3. Definitions: Key terms used throughout the note, including 'Collateral', 'Event of Default', 'Payment Date', etc.
4. Promise to Pay: Core obligation stating the principal amount, interest rate, and payment terms
5. Non-Recourse Provision: Explicit limitation of lender's recourse to specified collateral only
6. Security Interest: Description of the collateral securing the note and the security interest granted
7. Payment Terms: Detailed payment schedule, including dates, amounts, and method of payment
8. Events of Default: Circumstances constituting default and consequences
9. Remedies: Lender's rights and limitations upon default, specifically within non-recourse context
10. Governing Law: Specification of Dutch law as governing law and jurisdiction
1. Prepayment Provisions: Include when early payment is allowed, specifying any penalties or conditions
2. Interest Rate Adjustment: Include for variable rate notes or when interest rate changes are contemplated
3. Assignment and Transfer: Include when the note may be transferred or assigned to other parties
4. Tax Provisions: Include when specific tax considerations need to be addressed
5. Insurance Requirements: Include when insurance of collateral is required
6. Representations and Warranties: Include when additional assurances about the borrower or collateral are needed
1. Payment Schedule: Detailed amortization schedule showing payment dates and amounts
2. Collateral Description: Detailed description and/or documentation of the assets serving as collateral
3. Interest Calculation: Methodology for calculating interest, especially if complex or variable
4. Collateral Valuation: Independent valuation or assessment of the collateral assets
5. Security Documents: Additional security agreements or registrations required under Dutch law
Find the exact document you need
Promissory Note For Real Estate Purchase
A Dutch law-governed promissory note documenting a buyer's formal promise to pay for real estate property, combining debt instrument and property purchase elements.
Download
Promissory Note For Vehicle Purchase
A Dutch law-governed financial instrument documenting a buyer's promise to pay for a vehicle purchase, incorporating payment terms and security interests.
Download
Basic Promissory Note
A Dutch law-governed written promise to pay a specified sum of money, establishing a legally binding debt obligation between parties.
Download
Cash Promissory Note
A Dutch law-governed financial instrument containing an unconditional promise to pay a specified sum of money, structured according to Netherlands legal requirements.
Download
Installment Promissory Note
A Dutch law-governed document establishing a debt obligation with scheduled installment payments, including principal amount, interest rate, and payment terms.
Download
International Promissory Note
A Dutch law-governed promissory note containing an unconditional promise to pay a specified sum, designed for international business transactions.
Download
Unsecured Promissory Note
A Dutch law-governed Unsecured Promissory Note establishing a borrower's obligation to repay a specified sum to a lender without collateral.
Download
Standard Promissory Note
A Dutch law-governed written promise to pay a specified sum of money, creating a legally binding debt obligation between parties.
Download
Promissory Note Without Interest
A Dutch law-governed financial instrument documenting a promise to pay a specific sum of money without interest, providing a legally binding commitment between maker and payee.
Download
Financial Promissory Note
A Dutch law-governed financial instrument documenting a binding promise to pay a specific sum of money, structured according to Netherlands legal requirements.
Download
Balloon Promissory Note
A Dutch law-governed debt instrument documenting a loan agreement with regular payments and a larger final balloon payment, structured under the Burgerlijk Wetboek.
Download
Simple Note Payable Agreement
A Dutch law-governed agreement establishing a debt obligation between parties, detailing loan amount, interest, and repayment terms.
Download
Senior Promissory Note
A Dutch law-governed debt instrument documenting a senior borrowing obligation with priority payment status, detailing principal, interest, and enforcement terms.
Download
Promissory Note With Personal Guarantee
A Dutch law-governed document combining a promise to pay a specified sum with a personal guarantee, establishing both primary debt obligations and secondary guarantee commitments.
Download
Promissory Note With Collateral
A Dutch law-governed debt instrument combining a promise to pay with security interest in collateral, creating both payment obligations and enforceable security rights.
Download
Promissory Note Mortgage
A Dutch law governed document combining a promissory note with a mortgage security interest, requiring notarial execution and registration in the Netherlands.
Download
Non Recourse Promissory Note
A Dutch law-governed promissory note limiting the lender's recovery rights exclusively to specified collateral assets, establishing debt terms and security arrangements.
Download
Loan Promissory Note
A Dutch law-governed document evidencing a debt obligation and containing a formal promise to repay a specified sum under defined terms and conditions.
Download
Loan Note Document
A Dutch law-governed debt instrument documenting terms of borrowing, repayment obligations, and associated rights and obligations between an Issuer and Noteholder(s).
Download
Simple Promissory Letter
A legally binding document under Dutch law containing a promise to pay a specified sum of money, typically used in lending arrangements.
Download
Secured Demand Promissory Note
A Dutch law-governed financial instrument documenting a secured promise to pay a specified sum on demand, combining a promissory note with security interests.
Download
Demand Promissory Note Loan Agreement
A Dutch law-governed agreement combining a loan agreement with a promissory note, enabling the lender to demand repayment at any time.
Download
Trust Promissory Note
A Dutch law-governed document combining a trust arrangement with a promissory note, establishing payment obligations and trustee responsibilities.
Download
Secured Convertible Promissory Note
A Dutch law-governed secured debt instrument that can convert to equity, combining loan terms with security rights and conversion mechanisms.
Download
Promissory Note With Payment Schedule
A Dutch law-governed financial instrument documenting a promise to pay with specified payment terms and schedule, incorporating requirements of the Dutch Civil Code.
Download
Contingent Promissory Note
A Dutch law-governed financial instrument containing a conditional promise to pay a specified sum upon satisfaction of predetermined contingencies.
Download
Cash Advance Promissory Note
A Dutch law-governed promissory note documenting a cash advance agreement, including repayment terms and conditions between lender and borrower.
Download
Promissory Note Payable
A Dutch law-governed financial instrument documenting a legally binding promise to pay a specified sum of money under defined terms and conditions.
Download
Promissory Note For Shares
A Dutch law-governed document evidencing a promise to issue or transfer specified shares at a future date, including terms and conditions of the share transfer.
Download
Promissory Note Between Family Members
A Dutch law-governed promissory note documenting loan terms between family members, ensuring legal compliance while maintaining family relationships.
Download
Non Interest Bearing Promissory Note
A Dutch law-governed financial instrument documenting a promise to pay a specified sum without interest, creating a legally binding obligation between the promisor and promisee.
Download
Intercompany Promissory Note
A Dutch law-governed promissory note documenting an intragroup lending arrangement between affiliated companies, establishing payment obligations and terms.
Download
Simple Promissory Note No Interest
A Dutch law-governed promissory note documenting an interest-free loan agreement between parties, establishing repayment terms and obligations.
Download
Promissory Note With Interest
A Dutch law-governed financial instrument documenting a promise to pay a specified sum with interest, establishing repayment terms and obligations between parties.
Download
No Interest Promissory Note
A Dutch law-governed document evidencing a promise to repay a specific sum of money without interest charges.
Download
Unsecured Convertible Promissory Note
A Dutch law convertible note agreement that allows for the conversion of an unsecured loan into company equity under specified terms and conditions.
Download
Subordinated Promissory Note
A Dutch law debt instrument documenting a subordinated promise to pay, incorporating subordination provisions and Dutch legal requirements for debt obligations.
Download
Purchase Promissory Note
A Dutch law-governed negotiable instrument containing a purchaser's promise to pay a specified sum to a seller, arising from a purchase transaction.
Download
Guarantee Promissory Note
A Dutch law-governed document combining a promissory note with a third-party guarantee, providing enhanced security for payment obligations.
Download
Demand Note Payable
A Dutch law-governed financial instrument documenting a debt obligation that is payable upon demand by the lender.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)