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Subordinated Loan Agreement

Subordinated Loan Agreement

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Published by RocketLawyer
This Subordinated Loan Agreement is an agreement between a Senior Creditor and a Junior Creditor wherein the Junior Creditor agrees to give first priority of repayment to any debts owed by the Borrower to the Senior Creditor.
This Subordinated Loan Agreement is an agreement between a Senior Creditor and a Junior Creditor wherein the Junior Creditor agrees to give first priority of repayment to any debts owed by the Borrower to the Senior Creditor.

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Published by: RocketLawyer on Jun 12, 2012
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02/07/2013

 
S|iaygonkwlg Bakn Kdylljlnw
 
WEOS S\IAYGONKWLG BAKN KDYLLJLNW os lnwlylg onwa ks ah Jk ;4" 90;9 kjand
Ylgtaag Cylgow Blnglys" Onc" ;93 Jkon Sw." Jobb Xkbbl" Ckbohaynok ?7?7; %elylonkhwly ckbblg)Slnoay Cylgoway)/" kng Sjowe Blngond Cajpkn" Onc" 770 Janwdajly Sw." Skn Hykncosca"Ckbohaynok ?7;03 %elylonkhwly ckbblg )F|noay Cylgoway)/.
HAY XKB\L YLCLOXLG" wel ylclopw kng s|hhocolnc ah teoce os elyli kcmnatblgdlg" F|noayCylgoway" wa ong|cl Slnoay Cylgoway" kw ows apwoan kw kn wojl ay hyaj wojl wa wojl wa bakn janols ayluwlng honkncokb kccajjagkwoans" towe ay towea|w slc|yow" wa ay hay wel kcca|nw ah GayoknJkelt Yawesceobg" 80 Kywe|y Sw." Skn Ykhklb" Ckbohaynok ?7?0; %elylonkhwly ckbblg )Iayyatly)/"kng kw wel splcokb onswkncl kng yl{|lsw ah Slnoay Cylgoway" elyli kdylls towe Slnoay Cylgoway ks
habbats6
Wel habbatond wlyjs sekbb ekxl wel jlknonds slw haywe ilbat6
k.)F|noay Gliw) sekbb jlkn kng oncb|gl kn kng kbb ongliwlgnlssls" bokiobowols kng aibodkwoans ah 
Iayyatly wa wel F|noay%S|iaygonkwlg/ Cylgoway" kisab|wl ay canwondlnw" goylcw ay ongoylcw" faonw"slxlykb ay onglplnglnw" nat a|wswkngond ay atond ay teoce jk elylkhwly il luoswond ay onc|yylg"kyosond i aplykwoan ah bkt ay awelytosl" g|l ay wa ilcajl g|l" ay elbg ay wa il elbg i F|noayCylgoway" telwely cylkwlg goylcwb ay kc{|oylg i kssodnjlnw" ks k pkywocopkwoan" cangowoankbb" ks
cabbkwlykb slc|yow hyaj knawely ay awelytosl" oncb|gond ongliwlgnlssls" aibodkwoans kng bokiobowols ah 
Iayyatly wa F|noay Cylgoway ks k jljily ah kn pkywnlyseop" sngockwl" kssacokwoan ay awelydya|p" kng telwely onc|yylg i Iayyatly ks pyoncopkb" s|ylw" lngaysly" d|kyknway"
kccajjagkwoan pkyw ay awelytosl" oncb|gond" towea|w bojowond wel dlnlykbow ah wel hayldaond" kbb
ongliwlgnlssls" bokiobowols kng aibodkwoans ah Iayyatly ay S|isogoky kng wa wel F|noay%S|iaygonkwlg/ Cylgoway kyosond a|w ah wel habbatond glscyoilg gac|jlnw6 Pyajossay Nawl gkwlgJkyce 08" 90;9 on wel ayodonkb pyoncopkb kja|nw ah ';90"000.00" lulc|wlg i Iayyatly kngpkkibl wa wel aygly ah F|noay Cylgoway.
i.)Slnoay Gliw) sekbb jlkn kng oncb|gl kn kng kbb ongliwlgnlssls" bokiobowols kng aibodkwoans ah 
Iayyatly wa Slnoay Cylgoway" kisab|wl ay canwondlnw" goylcw ay ongoylcw" faonw" slxlykb ay
onglplnglnw" nat a|wswkngond ay atond ay teoce jk elylkhwly il luoswond ay onc|yylg" kyosond i
aplykwoan ah bkt ay awelytosl" g|l ay wa ilcajl g|l" ay elbg ay wa il elbg i Slnoay Cylgoway"
telwely cylkwlg goylcwb ay kc{|oylg i kssodnjlnw" ks k pkywocopkwoan" cangowoankbb" ks cabbkwlykb
slc|yow hyaj knawely ay awelytosl" oncb|gond ongliwlgnlssls" aibodkwoans kng bokiobowols ah Iayyatly
wa Slnoay Cylgoway ks k jljily ah kn pkywnlyseop" sngockwl" kssacokwoan ay awely dya|p" kngtelwely onc|yylg i Iayyatly ks pyoncopkb" s|ylw" lngaysly" d|kyknway" kccajjagkwoan pkyw ay
awelytosl" oncb|gond" towea|w bojowkwoan" pyoncopkb" onwlylsw ilhayl kng khwly jkw|yow kng khwly welhobond ah k xab|nwky ay onxab|nwky plwowoan p|ys|knw wa wel \.S. Iknmy|pwc Cagl" casws" bo{|ogkwlg
gkjkdls" kja|nws g|l p|ys|knw wa ongljnowols" luplnsls" bldkb" kcca|nwond kng kppykoskb
luplnsls" kng bkwl cekydls.
;.
Glhonowoans.
9.
S|iaygonkwoan.
¯ Weos os kYacmlwBktly.cajBldkb Gac|jlnw ¯
 
Wel pkjlnw ah kn kng kbb S|iaygonkwlg Gliw os lupylssb s|iaygonkwlg wa wel luwlnw kng on weljknnly slw haywe elylon wa wel Slnoay Gliw.
k. Khwly s|ce wojl ks k glhk|bw eks acc|yylg kng os canwon|ond |ngly kn kdylljlnw ay awelygac|jlnw lxoglncond kn Slnoay Gliw kng Slnoay Cylgoway eks slnw nawocl ah s|ce glhk|bw wa F|noayCylgoway" F|noay Cylgoway tobb naw ksm hay" gljkng" s|l hay" wkml" ylcloxl ay kcclpw hyaj welIayyatly" i slwahh ay on kn awely jknnly" kn pkjlnw ay goswyoi|woan an kcca|nw ah wel F|noayGliw" nay pylslnw kn onswy|jlnw lxoglncond wel F|noay Gliw hay pkjlnw awely wekn s|cepylslnwjlnw ks jk il nlclssky wa pylxlnw goscekydl ah awely bokibl pkywols an s|ce onswy|jlnw.
i. Nawtoweswkngond kn pyaxosoan canwkonlg elylon wa wel canwyky" F|noay Cylgoway jk ylwkon kbbpkjlnws ah pyoncopkb" onwlylsw ay plnkbw ylsplcwond wel F|noay Gliw ylcloxlg i F|noay Cylgowayhyaj Iayyatly pyoay wa s|ce wojl ks Slnoay Cylgoway eks slnw nawocl ah glhk|bw wa F|noay Cylgoway.
c. Kn ylswyocwoans an F|noay Cylgoway canwkonlg elylon ylbkwond wa s|ce glhk|bw sekbb k|wajkwockbb
wlyjonkwl teln wel glhk|bw ah Iayyatly |ngly kn kdylljlnws lxoglncond wel Slnoay Gliw eksilln c|ylg kng Iayyatly os naw on glhk|bw |ngly skog kdylljlnws" i|w s|ce wlyjonkwoan sekbb nawtkoxl Slnoay Cylgoway$s yodews |ngly kn awely ay h|w|yl lxlnw ah glhk|bw. Khwly kcclblykwoan ah weljkw|yow ah wel Slnoay Gliw" na c|yl ay kwwljpwlg c|yl ah kn lxlnw ah glhk|bw sekbb wlyjonkwl wel
ylswyocwoans canwkonlg elylon" |nblss wel Slnoay Cylgoway sekbb sa kdyll on tyowond.
On wel lxlnw wel F|noay Cylgoway sekbb ylcloxl kn pkjlnw ay goswyoi|woan an kcca|nw ah wel F|noayGliw teoce F|noay Cylgoway os naw lnwowblg wa ylcloxl |ngly wel pyaxosoans ah wel hayldaond
pkykdykpe %3/" F|noay Cylgoway tobb eabg kn kja|nw sa ylcloxlg on wy|sw hay Slnoay Cylgoway kng
tobb haywetowe w|yn axly s|ce pkjlnw wa Slnoay Cylgoway on wel hayj ylcloxlg i F|noay Cylgoway
%wadlwely towe kn nlclssky lngaysljlnw/ wa il kppbolg an wel Slnoay Gliw yljkonond |npkog |nwob
kbb Slnoay Gliw eks illn pkog on h|bb" khwly doxond lhhlcw wa kn canc|yylnw pkjlnw ay goswyoi|woan wa
wel Slnoay Cylgoway
Wel F|noay Cylgoway tobb naw cajjlncl kn kcwoan ay pyacllgond kdkonsw Iayyatly wa ylcaxly kbbay kn pkyw ah wel F|noay Gliw" nay faon towe kn awely cylgoway" |nblss Slnoay Cylgoway sekbb kbsa
 faon" on iyondond kn pyacllgonds kdkonsw Iayyatly |ngly kn iknmy|pwc" ylaydknovkwoan"
ylkgf|swjlnw ah gliw" kyykndljlnw ah gliw" ylcloxlyseop" bo{|ogkwoan ay onsabxlnc bkt" ay swkw|wl ah 
wel hlglykb ay kn swkwl daxlynjlnw |nblss kng |nwob kbb Slnoay Gliw sekbb ekxl illn pkog on h|bb.
k. On wel lxlnw ah kn ylcloxlyseop" onsabxlnc" iknmy|pwc" kssodnjlnw hay wel ilnlhow ah cylgoways"ylaydknovkwoan ay kyykndljlnw towe cylgoways" kgf|swjlnw ah gliw" telwely ay naw p|ys|knw wa
iknmy|pwc bkts" wel skbl ah kbb ay s|iswknwokbb kbb ah wel ksslws" gossab|woan" bo{|ogkwoan" ay knawely jkysekbbond ah wel ksslws kng bokiobowols ah Iayyatly" wel F|noay Cylgoway tobb kw SlnoayCylgoway$s yl{|lsw hobl kn cbkoj" pyaah ah cbkoj" pyaah ah onwlylsw ay awely onswy|jlnw ah sojobky
cekykcwly nlclssky wa lnhaycl wel aibodkwoans ah Iayyatly on ylsplcw wa wel F|noay Gliw kng kncabbkwlykb elbg welylhayl kng tobb eabg kbb pkjlnws an kng pyacllgs hyaj s|ce F|noay Gliw ay
3.
S|iaygonkwoan ah Pkjlnw.
 
7.
Pkjlnws Elbg on Wy|sw.
 
<.
Ylswyocwoans an Kcwoan Kdkonsw Iayyatly.
 
8.
Iknmy|pwc" Ylcloxlyseop kng Sojobky Pyacllgonds.
¯ Weos os kYacmlwBktly.cajBldkb Gac|jlnw ¯
 
cabbkwlykb on wy|sw hay Slnoay Cylgoway kng pk wel skjl axly wa Slnoay Cylgoway" on wel hayjylcloxlg %wadlwely towe kn nlclssky lngaysljlnw/" wa il kppbolg an wel Slnoay Gliw yljkonond
|npkog |nwob kbb Slnoay Gliw sekbb il pkog on h|bb.
i. On wel lxlnw wekw wel F|noay Cylgoway sekbb hkob wa wkml kn s|ce kcwoan yl{|lswlg i Slnoay
Cylgoway" Slnoay Cylgoway jk" ks kwwaynl
*
on
*
hkcw hay wel F|noay Cylgoway" wkml s|ce kcwoan anilekbh ah wel F|noay Cylgoway" kng wel F|noay Cylgoway elyli kppaonws Slnoay Cylgoway ks kwwaynl
*
on
*
hkcw hay wel F|noay Cylgoway wa gljkng" s|l hay" cabblcw kng ylcloxl kn kng kbb s|ce janols"goxoglngs ay awely ksslws kng doxl kc{|owwkncl welylhayl kng wa hobl kn cbkoj" pyaah ah cbkoj" pyaah ah onwlylsw ay awely onswy|jlnw ah sojobky cekykcwly kng wa wkml s|ce awely pyacllgonds on SlnoayCylgoway$s atn nkjl ay on wel nkjl ah wel F|noay Cylgoway ks Slnoay Cylgoway jk gllj nlclsskyay kgxoskibl hay wel lnhaycljlnw ah weos S|iaygonkwlg Bakn Kdylljlnw= weos kppaonwjlnw osoyylxackibl kng os ca|pblg towe kn onwlylsw on s|ce janols" goxoglngs kng ksslws.
c. Wel F|noay Cylgoway tobb lulc|wl kng glboxly wa Slnoay Cylgoway s|ce awely kng h|ywely patlys ah kwwaynl ay awely onswy|jlnws ks Slnoay Cylgoway jk yl{|lsw on aygly wa kccajpbose wel hayldaond.
Kbb bolns kng slc|yow onwlylsws slc|yond wel F|noay Gliw kyl elyli s|iaygonkwlg kng jkgl f|noay wa
kbb bolns kng slc|yow onwlylsws slc|yond wel Slnoay Gliw" i|w weos s|iaygonkwoan sekbb naw il glljlgwa s|iaygonkwl wel bolns kng slc|yow onwlylsws on hkxay ah F|noay Cylgoway wa wel bolns kng slc|yow
onwlylsws on hkxay ah kn awely plysan. Towea|w wel pyoay tyowwln canslnw ah Slnoay Cylgoway" welF|noay Cylgoway sekbb naw6 %k/ lulycosl ay lnhaycl kn cylgoway$s yodew ow jk ekxl kdkonsw Iayyatly
towe ylsplcw wa kn pyaplyw ah wel Iayyatly" ay %i/ haylcbasl" ylpasslss" sl{|lswly ay awelytosl
wkml swlps ay onswow|wl kn kcwoan ay pyacllgonds" f|gocokb ay awelytosl" wa lnhaycl kn bolns"slc|yow onwlylsws" f|gdjlnws ay awely lnc|jiykncls |pan kn pyaplyw ah wel Iayyatly.
Weos S|iaygonkwoan Kdylljlnw sekbb il oyylxackibl" kisab|wl kng |ncangowoankb" sekbb yljkon on h|bbhaycl kng lhhlcw |nwob pkjlnw on h|bb ah wel Slnoay Gliw" kng sekbb on na tk il khhlcwlg ayojpkoylg i ylksan ah wel ekpplnond hyaj wojl wa wojl ah kn awely lxlnw" oncb|gond" towea|wbojowkwoan" wel habbatond" telwely ay naw kn s|ce lxlnw sekbb ekxl acc|yylg towea|w nawocl wa ay wel
canslnw ah wel F|noay Cylgoway6
%o/ wel tkoxly" cajpyajosl" slwwbljlnw" wlyjonkwoan ay awely ylblksl ah wel plyhayjkncl ayaislyxkncl i wel Iayyatly" ay kn awely plysan bokibl ay wa ilcajl bokibl hay ylpkjlnw ah welSlnoay Gliw ay kn ay kbb ah s|ce Iayyatly$s ay awely pkyw$s kdylljlnws" caxlnknws" wlyjs aycangowoans canwkonlg on kn kdylljlnw ylbkwond wa wel Slnoay Gliw pyaxoglg" eatlxly" wekw na s|ce
cekndls sekbb ekxl wel lhhlcw ah h|ywely ylswyocwond pkjlnws ylsplcwond wel F|noay Gliw towea|w wel
pyoay tyowwln canslnw ah wel F|noay Cylgoway=
%oo/ wel luwlnsoan ah wel wojl hay pkjlnw ah kn ah wel Slnoay Gliw ay ah wel wojl hay plyhayjknclah kn aibodkwoans" caxlnknws ay kdylljlnws |ngly ay kyosond a|w ah kn kdylljlnw ylbkwond wa wel
Slnoay Gliw=
%ooo/ kn hkob|yl" ajossoan" glbk ay bkcm an wel pkyw ah Slnoay Cylgoway wa lnhaycl" ksslyw ay lulycosl
4.
S|iaygonkwoan ah Bolns.
5.
Slnoay Cylgoway$s Kcwoans.
¯ Weos os kYacmlwBktly.cajBldkb Gac|jlnw ¯

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