Subordination Agreement

This Subordination Agreement is between a debtor, a creditor and a subordinator who is also a creditor. In this agreement the subordinator agrees that another creditor will have priority in regard to secured assets of the debtor. In other words, the subordinator’s claim is inferior to that of the other creditor. This agreement sets out the specifics of this arrangement including the names of the parties, the amount owed and any collateral for the debt. (continued ...)