Subordination Agreement - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RBXL5NHWRqvuvmX1QtleDS9

Label Subordination Agreement

Preferred Label N/A

Identifier N/A

Alternative Labels

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Definition

A "Subordination Agreement" is a contractual arrangement where a creditor agrees to rank its claim on a debtor's assets below the claims of one or more other creditors. This legal document outlines the conditions and circumstances under which the subordinated creditor will be repaid, typically in the event of a liquidation, default, or insolvency of the debtor.

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

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Notes

• None

Editorial Information

History Note

None

Editorial Note

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Deprecated

No

Source and Origin

No source or origin information available