Subordination deed—single company borrower—single unsecured senior lender—single unsecured junior lender

Published by a LexisNexis Banking & Finance expert
Precedents

Subordination deed—single company borrower—single unsecured senior lender—single unsecured junior lender

Published by a LexisNexis Banking & Finance expert

Precedents
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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 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)

      It is a condition precedent to the utilisation of the Senior Facility (as defined below) that the Junior Lender and the Borrower enter into this Deed with the Senior Lender.

    1. (C)

      [[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

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Jurisdiction(s):
United Kingdom
Key definition:
Registered office definition
What does Registered office mean?

As required by CA 2006, s 86 a company must at all times have a registered office to which all communications and notices may be addressed.

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