Intercreditor Agreement - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RBM3IlVpCVJe1AEljn6qhMC

Label Intercreditor Agreement

Preferred Label N/A

Identifier N/A

Alternative Labels

None

Definition

An "Intercreditor Agreement" is a contract between two or more creditors that establishes the hierarchy and relationship of their claims against a common debtor. The agreement sets forth the rules and procedures for the distribution of assets and proceeds in the event of the debtor's default, bankruptcy, or insolvency.

Class Relationships

Sub Class Of

• Debt Supplemental Agreement

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available