A Subordination Agreement is a formal document signed by a lender and a debtor by means of which the parties confirm the existing debt owed by the borrower has a preference before other debts of the borrower. Often, it is necessary to establish the priority of debts, especially if the debtor regularly fails to make payments, faces insolvency, or the creditor requires immediate payments in accordance with the original contract with the breaching party.
You can download a printable Subordination Agreement template through the link below or make your own agreement via our online form builder. Using this agreement, you will be able to acknowledge that the claim of a particular creditor is superior to other claims and requests and make the lender whose details are indicated in the contract the primary lender.
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