Tuesday, May 17, 2005

Subordination Agreement To Secured Debt

FOR VALUE RECEIVED, the undersigned having or acquiring a security interest in the following collateral of _________________ [Debtor], hereby agrees that said security interest shall be subordinate to security interest or lien of _________________, dated ___________, 20__, in the following collateral of the security agreement: [Describe]

Signed under seal this __ day of _____________, 20__.

Assented to:


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The forms are samples provided for discussion purposes only. Should you decide to use any of them in your business or personal activities, it is advised that you have them reviewed by competent legal counsel.