Use this template to prepare a Priorities Agreement between a debtor and two or more lenders who are secured parties of the debtor as to the priority of their security. Provisions of the agreement 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 generic Priorities Agreement is in MS Word format and is easy to download and use.