# Intercreditor Agreement

**IRI:** https://folio.openlegalstandard.org/RBM3IlVpCVJe1AEljn6qhMC

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R7ddsah86bL3tQ5OmO9B7PB

**Deprecated:** False