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Subordination Agreement

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Summary: A debt subordination agreement is a contract in which a junior creditor agrees that its claims against a debtor will not be paid until all senior indebtedness of the debtor is repaid. Under a general subordination agreement, a junior creditor agrees to subordinate its claim to all presently existing and future claims against the debtor. In a specific subordination agreement, a junior creditor subordinates its claim to a particular obligation of the debtor. This agreement was designed to be general enough to use in multiple situations, but also comprehensive enough to be legally binding and professionally thorough. Add To Cart

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