Subordination deed | Practical Law
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This is a standard subordinationdeed to change or regulate an arrangement between two creditors that are owed debts by a common debtor, under which one creditor agrees to defer payment of its debt in favour of the debt of another creditor.
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Subordination deed
Practical Law ANZ Standard Document w-015-6594
(Approx. 52 pages)
Subordination deed
by Practical Law Banking and Finance
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Australia
This is a standard
subordination
deed
to change or regulate an arrangement between two
creditors
that are owed debts by a common debtor, under which one creditor agrees to defer payment of its debt in favour of the debt of another creditor.