Subordination Agreement (short form)
Get an existing creditor to allow a new lender's security to take priority under this short-form Subordination Agreement.
- 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.
The Subordination Agreement (short form) is a downloadable digital file which is easy to customize for your business purposes.
Last Updated: 14-April-2016