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Priorities Agreement between two lenders

Prepare a Priorities Agreement between a debtor and two lenders who are secured parties of the debtor with this ready-made template.

The Agreement sets out the priority of the lenders' security positions. Provisions include:
  • The lenders agree that their security will rank equally in priority, notwithstanding the date of execution or registration, or other factors.

  • Any default by the debtor will be deemed to be a default under security held by each of the lenders.

This Priorities Agreement is in MS Word format and is easy to download and use.





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