Subordination Agreement

State:
New York
Control #:
NY-LR079T
Format:
Word; 
Rich Text
Instant download

Description

This form is an subordination agreement which puts a debt or claim which has priority in a lower position behind another debt, particularly a new loan. It is a contract in which a junior creditor agrees that its claims against a debtor will not be paid until all senior indebtedness of the debtor is repaid
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Subordination Agreement