These agreements are mostly used by lenders or financing firms to set forth the rights of more than one creditor and also mention other issues like priorities in payments. Other aspects of intercreditor agreements include buy-out rights which allow the second lien lender to buy the first lien lender’s claims at the same level. This usually happens when a bankruptcy case is filed by or against the borrower.
You can Download the Free Intercreditor Agreement customize it according to your needs and Print. Intercreditor Agreement is either in MS Word, Excel or in PDF.
By clicking the button below, I agree with the Terms & Conditions.