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Priorities Agreement Between Two Lenders
Prepare a Priorities Agreement between a debtor and two lenders who are secured parties of the debtor with this ready-made template.
- The Agreement sets out the priority of the lenders' security positions.
- The lenders agree that their 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.
Download: Priorities Agreement Between Two Lenders
Related Forms:
- Standstill Agreement for Outstanding Loan Obligations
- Subordination Agreement (long form)
- Subordination Agreement (short form)
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