This Practice Note compares key terms of the Loan Market Association (LMA) intercreditor agreement for leveraged acquisition finance transactions (senior/mezzanine) (the...
Competing security interests arise when more than one creditor has taken security over the same asset or group of assets. Determining the order of priority between those...
This Deed is made [insert day and month] 20[insert year] Parties 1 [insert name of Senior Lender] of [insert address] (the Senior Lender); 2 [insert name of Junior...
Parties Intercreditor arrangements will typically involve at least two types of creditor: • the senior lender(s), whose debt and potentially security ranks highest in the...
This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note: • explains the purpose of having an intercreditor...
This Deed is made [insert day and month] 20[insert year] Parties 1 [insert name of party] of [insert address] (the Senior Lender); 2 [Insert name of party] of [insert...
In addition to ensuring its security has been validity created and perfected, a secured party will want to ensure its security ranks as it expects against any other...
This Practice Note sets out examples of how the rules on priority could work in practice with reference to the relevant priority rules under English law. It complements...
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree that their debt will...
This Deed is made [insert day and month] 20[insert year] Parties 1 [insert name of party] of [insert address] (the Senior Lender); 2 [Insert name of party] of [insert...
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree that their debt will...
Creating effective security is the first step in improving a creditor's position. Once that is done, it is then necessary to ensure that the security will take priority...
