Priorities Agreement Between Two Lenders

The lenders are both secured parties under loan agreements or credit arrangements with the debtor. The Agreement sets out the priority of the lenders' security positions.
Each of the lenders agrees that its 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 is a generic legal contract which does not specifically reference the laws of any country, state or province.
The Priorities Agreement Between Two Lenders is in MS Word format and is easy to download and use.

$6.29

Subordination Agreement (long form)

The purpose of the Subordination Agreement (also called a Postponement Agreement) is to induce a new lender to extend a loan to a borrower.
One lender (postponing creditor) agrees to subordinate and postpone its security interest under a loan agreement or similar instrument to the interest of a second lender (senior creditor) until the indebtedness owing to the senior creditor has been satisfied.
If the borrower's assets are distributed among its creditors, the indebtedness owing to the senior creditor would be paid out first, before distribution to any other creditors.
If the borrower is not in default under its obligations to the senior creditor, it may continue to make payments to the postponing creditor in accordance with the terms of the agreement.
If the borrower is in default under its obligations to the senior creditor, no payments on the subordinated indebtedness shall be made by the borrower. If the postponing creditor receives any such payments, it must pay them over to the senior creditor.
This generic Subordination Agreement is provided in MS Word and is fully editable to meet your needs.

$17.99

This customizable legal template is governed by the laws of the United States.
The borrower has the option to pay all or part of the term loan on any interest payment date, without premium or penalty, provided that a specified minimum prepayment amount is paid.
The borrower has the option of selecting an interest period of more than one month's duration (up to but not including the next interest payment date).
If the borrower fails to properly notify the lender, the interest period will automatically be set at one month's duration.
The borrower may elect to have more than one interest period outstanding at any one time, provided that no interest period extends beyond the maturity date.
Available in MS Word format.
Governed by U.S. laws and intended to be used within the United States.

$17.99

The Note is secured by a Security Agreement.
The entire loan amount plus interest becomes payable if an event of default occurs.
The prevailing party in a legal action is entitled to costs, including reasonable attorneys' fees.
The Note can be used throughout the United States.
Available in MS Word format, reusable and fully editable.

$6.49