Subordination Agreement (short form)

Use this template to prepare a short-form Subordination Agreement between a secured creditor with a material interest in a borrower, and a new lender. The secured creditor agrees to subordinate its interest in the borrower's personal property (inventory, equipment, accounts, book debts) to the new lender's interest, and is intended as an inducement for the new lender to provide loan financing or credit facilities to the borrower. This short form Subordination Agreement is generic (not country specific). It is available in MS Word format and is fully editable.