Subordination Agreement - Short Form

This Subordination Agreement (Short Form) is between a debtor and two of its creditors whereby the original creditor agrees to subordinate its security to a new creditor who agrees to provide a loan to the debtor. This agreement sets out the names of the debtor and the creditors and amount and date of the new loan. It also sets forth the agreement that original creditor will subordinate its interests in favor of new creditor. A written Subordination Agreement will be helpful if there are future disagreements or misunderstandings in the event the debtor defaults on the loan.

This Subordination Agreement (Short Form) contains:

• Parties: The names of the new lender, debtor and original creditor;
• Loan Information: Sets forth the date and amount of the loan which new creditor has authorized;
• Consent/Subordination: Creditor agrees to establishment of the security held by the new creditor and consents to subordinate its interests in favor of new creditor;
• Signatures: This agreement must be signed and dated by the original creditor.

This attorney-prepared packet contains:

1. General Instructions
2. Subordination Agreement (Short Form)

State Law Compliance: This form complies with the laws of all states

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• Number of Pages:

   4

• File Types Included:

  
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