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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-01
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939b
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39 lines
SUBORDINATION AGREEMENT
Harold Hippo, referred to as SECURED PARTY, Kenneth Kangaroo,
referred to as DEBTOR, and Esther Echidna, referred to as SENIOR
CREDITOR, agree:
SECURED PARTY presently holds a security interest in the
following property of the DEBTOR:
laser printer
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 $ 500.00
( five hundred & no/100 dollars).
The parties hereto agree to execute and instruments reasonably
requested by SECURED PARTY.
Dated: _____________________
____________________________________
Harold Hippo
____________________________________
Kenneth Kangaroo
____________________________________
Esther Echidna