home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Your Business Pak
/
BusinessPak2.iso
/
Pca
/
_SETUP.1
/
20136.BLD
< prev
next >
Wrap
Text File
|
1997-07-22
|
1KB
|
64 lines
#607
@001 Enter the name of the secured party:
~Enter the name of the secured party (creditor).
@002 Enter the name of the debtor:
~Enter the name of the debtor (person who owes the money.)
@003 Enter the name of the senior creditor:
~Enter the name of the creditor who will be the higher lienor.
@004 Enter a description of property:
~Enter the description of the property which now secures the
~debt.
!005 Enter the maximum value of the subordination:
~Enter the maximum amount which the new higher lienor may lend
~to the debtor.
#end control section
#607
SUBORDINATION AGREEMENT
@001, referred to as SECURED PARTY, @002, referred to as DEBTOR,
and @003, referred to as SENIOR CREDITOR, agree:
SECURED PARTY presently holds a security interest in the
following property of the DEBTOR:
@004
SECURED PARTY hereby agrees that its security interest in the
above described goods shall be subordinated to, and of lesser
dignity that the claim of SENIOR CREDITOR, provided however, that
the total amount of such subordination shall not exceed $ @005
(!005 dollars).
The parties hereto agree to execute and instruments reasonably
requested by SECURED PARTY.
Dated: _____________________
____________________________________
@001
____________________________________
@002
____________________________________
@003