Assignment & Postponement of Claim - Limited

This Assignment and Postponement of Claim (Limited) is between a lender who agrees to assign another lender all present debts and liabilities owed by a borrower. This agreement sets out the specific terms of this arrangement including grantor's postponement of any claims in favor of the other lender and limitations of liability under this arrangement. It is imperative that this assignment be clearly set forth in writing. A written Assignment and Postponement of Claim (Limited) will prove useful in the event of borrower's default or insolvency. (continued ...)