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Canadian Legal Forms > Security, Priority & Subordination Agreements > Subordination Agreement - Except Inventory - Short Form
Subordination Agreement - Except Inventory - Short Form
This three-party agreement is made among a debtor and two of its secured creditors whereby one creditor subordinates (agrees that the other crediotr willl have priority with regard to the secured asset) its security to the other. However, in this agreement, the first creditor will retain priority over the second creditor with regard to inventory.
See form: Subordination Agreement - Except Inventory - Short Form
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