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Document Id : 591
File Type : Microsoft Word
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Subordination Agreement (short form)
Prepare a short-form Subordination Agreement between a secured creditor and a new lender with this easy-to-use template.
- The secured creditor agrees to subordinate its security interest in a borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's security interest.
- The Agreement is being signed as an inducement for the new lender to provide loan financing or credit facilities to the borrower.
- This is a generic legal form which can be used in many countries.
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