Priorities Agreement Between Two Lenders

Prepare a Priorities Agreement between a debtor and two lenders with this ready-made template.

• The lenders are both secured parties under loan agreements or credit arrangements with the debtor. The Agreement sets out the priority of the lenders' security positions.
• Each of the lenders agrees that its 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.
• This is a generic legal contract which does not specifically reference the laws of any country, state or province.

The Priorities Agreement Between Two Lenders is in MS Word format and is easy to download and use.