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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

The Note allows the borrower to make payments against interest only, with no payment to be made against the principal amount until a date set out in the Note.
Interest payments are made in arrears, on regularly scheduled payment dates.
The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.
This Promissory Note for Interest Only template is generic (not country specific) and is easy to fill in with all the specifics of your transaction.

$2.49

The corporation (as borrower) grants the secured party (a trustee for the shareholders) a security interest over the borrower's corporate assets, in order to secure its current or future indebtedness to its shareholders for shareholder advances, stock dividends or other obligations.
The secured party holds the security interest in trust for the shareholders and may release all or part of the secured collateral as it sees fit.
The borrower is restricted from selling, transferring, leasing or otherwise disposing of any of the collateral forming the security.
This legal agreement template is available as a fully editable Microsoft Word document.
Intended for use only in the Province of Ontario, Canada.

$29.99

The borrower agrees to repay the loan with interest calculated monthly on the unpaid balance.
The borrower may prepay the balance at any time without penalty.
The Note includes a guarantee of payment of the Note by a guarantor.
Available in MS Word format.
Intended to be used only in the United Kingdom.

$2.99

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

The assignor (creditor) holds a security interest over the property and assets of a debtor as security for a loan.
The assignor assigns and transfers the security interest to another party who is purchasing all of the assignor's interest in the debt and the security.
This type of assignment is often part of a sale of a business that extends credit to its customers.
The form is available as a downloadable and fully editable MS Word document.
Intended to be used only in the Province of Ontario, Canada.

$8.99