Forgivable Promissory Note Template for New Zealand

1. Security: Include when the note is secured by collateral or personal guarantee

2. Acceleration Clause: Include when immediate repayment can be demanded under specific circumstances

3. Performance Conditions: Include when forgiveness is tied to specific performance metrics or milestones

4. Tax Provisions: Include when there are specific tax implications of forgiveness that need to be addressed

5. Assignment and Transfer: Include when the note may be transferable or assignable

6. Multiple Borrowers: Include when there are multiple borrowers with joint and several liability

7. Prepayment Terms: Include when early repayment is allowed and any associated conditions

1. Schedule A - Payment Schedule: Detailed amortization schedule showing payment dates and amounts

2. Schedule B - Forgiveness Conditions: Detailed description of specific conditions and metrics for loan forgiveness

3. Schedule C - Security Details: Description of any collateral or security arrangements (if applicable)

4. Appendix 1 - Notice Details: Contact information and prescribed methods for formal notices

5. Appendix 2 - Performance Metrics: Detailed description of any performance metrics tied to forgiveness