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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

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.
Available as a downloadable MS Word document.

$6.29

The parties agree that the second mortgage will take priority over the first mortgage.
The first mortgagee agrees to postpone its security, in return for the second mortgagee paying the first mortgagee a specified sum.
The template can be re-used over and over again, and edited to fit your business' requirements.
Available in MS Word format.
Intended to be used only in the Province of Nova Scotia, Canada.

$6.29

Under the Subordination Agreement, the holder of a first mortgage on a property (the original lender) agrees to allow its mortgage to be subordinated to a new mortgage being placed on the property.
The new mortgage will become the first charge.
The purpose of the agreement is to induce the new lender to approve the new mortgage.
Available in MS Word format and fully editable.
Intended to be used only in the State of New York.

$9.99