Subordination Agreement for Private Companies

About this template:

Use this template to create a subordination agreement. A subordination agreement is used to rank debt - creating a hierarchy between those who have priority in the case of insolvency.

Excerpt:

Effective Date means the date on which this Agreement is to take effect being the date of the Agreement unless otherwise stated in paragraph 2; Excluded Liabilities means Liabilities which are expressed to be and in the opinion of the Insolvency Officer of the Borrower do rank junior to the Subordinated Liabilities in any Insolvency of the Borrower;

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