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Sample subordination agreement to secured debt

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Sample subordination agreement to secured debt Powered By Docstoc
					Sample subordination agreement to secured debt
Sample / example letter template:
SUBORDINATION AGREEMENT TO SECURED DEBT FOR VALUE RECEIVED, the undersigned having or acquiring a security interest in the following collateral of _, [Debtor], hereby agrees that said security interest shall be subordinate to security interest or lien of _, dated _, 19_, in the following collateral of the security agreement: [Describe] _

Signed under seal this _ day of _, 19_. ____________________________

Assented to: ________________________________ Debtor

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Description: Sample subordination agreement to secured debt.