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Subordination Agreement (Full)
SUBORDINATION AGREEMENT-FULL
FOR VALUABLE CONSIDERATION, receipt of which is acknowledged, [Name of Creditor], the beneficiary of a security interest granted by [Name of Debtor], dated [Date of grant], hereby agrees to subordinate to [Name of Senior Creditor] the creditor's Security interest against the debtor up to the following amount: $[Amount to pay] dollars.
Signed [Date of agreement].
Creditor:
Agreed to:
Debtor: