Discover how subordination clauses protect lenders in loans and mortgages, ensuring debt priority and secure repayments in refinancing, foreclosures, or bankruptcy.
One of the more material provisions in an intercreditor agreement between a mortgage lender and a mezzanine lender is the “payment subordination” provision. A typical payment subordination provision ...
Bankruptcy courts continue to disagree about whether a provision in a subordination agreement that purports to allow the senior creditor to vote the subordinated creditor's claim is enforceable.
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