Intercreditor deed—single company borrower—single secured senior lender—single secured junior lender—single unsecured subordinated lender
Intercreditor deed—single company borrower—single secured senior lender—single secured junior lender—single unsecured subordinated lender

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Intercreditor deed—single company borrower—single secured senior lender—single secured junior lender—single unsecured subordinated lender
  • Recitals:
  • 1 Definitions and interpretation
  • 2 Subordination and priority
  • 3 Senior Lender and Senior Debt
  • 4 Junior Lender and Junior Debt
  • 5 Subordinated Lender and Subordinated Debt
  • 6 Turnover and turnover trust
  • 7 Enforcement of Security
  • 8 Application of proceeds
  • More...

This Deed is made [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of party] of [insert address] (the Senior Lender);

  1. 2

    [Insert name of party] of [insert address] (the Junior Lender);

  1. 3

    [insert name of party], a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert registered office] (the Subordinated Lender); and

  1. 4

    [insert name of party], a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at [insert registered office] (the Borrower).

Recitals:

    1. (A)

      The Senior Lender has agreed to provide the Borrower with a loan facility on the terms of the Senior Facility Agreement (as defined below).

    1. (B)

      The Junior Lender has agreed to provide the Borrower with a loan facility on the terms of the Junior Facility Agreement (as defined below).

    1. (C)

      It is a condition precedent to the provision of each of the Senior Facility and the Junior Facility (each as defined below) that the parties enter into this Deed.

    1. (D)

      [[insert further details if required]]

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        [Unless defined otherwise in this Deed, or the context requires otherwise, all words or expressions defined in the Senior Facility Agreement have the same meaning in this Deed.]

      1. 1.2

        In this Deed:

        Business Day

        1. means a day, other than a Saturday, Sunday or public holiday, on which banks are open for

Popular documents