Subordination deed—single company borrower—single unsecured senior lender—single unsecured junior lender
Published by a LexisNexis Banking & Finance expert
PrecedentsSubordination deed—single company borrower—single unsecured senior lender—single unsecured junior lender
Published by a LexisNexis Banking & Finance expert
PrecedentsThis 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 address] (the Junior Lender);
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:
(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).
(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.
(C)
[[insert further details if required]]
The parties agree:
1
Definitions and interpretation
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.]
1.2
In this Deed:
Business Day
- •
means a day, other than a Saturday, Sunday or public holiday, on which
- •
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