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Subordination Agreement

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Subordination Agreement

File Type: Word      Price: $9.99      

                                                                                

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.

 

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