One of the more material provisions in an intercreditor agreement between a mortgage lender and a mezzanine lender is the “payment subordination” provision. A typical payment subordination provision ...
Subordination agreements among creditors have an obvious purpose—to consensually reorder payment priorities among two or more creditors. For example, Creditor A and Creditor B could enter into a ...
Jenkintown Borough Council seems to believe the Hiway Theater is an important landmark in the borough. Council unanimously approved a new subordination agreement between the borough and the theater ...
In In re Fencepost Productions Inc., 2021 WL 1259691 (Bankr. D. Kan. Mar. 31, 2021), the U.S. Bankruptcy Court for the District of Kansas recently addressed the enforceability of a provision in a ...
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