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 guidance note 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
  • Parties
  • Recitals:
  • Schedule 1
  • Schedule 2
  • EXECUTION PAGE

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).

  2. (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).

  3. (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.

  4. (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,