Intercreditor Agreement (Secured Debt)
Publisher one
Genie AIJurisdiction
England and WalesType of legal document
💼 Intercreditor deedBusiness activity
Intercreditor DeedA intercreditor deed is a deed that outlines the rights and responsibilities of two or more creditors. This type of deed is often used when multiple creditors are owed money by the same debtor. The intercreditor deed ensures that each creditor is repaid according to their agreed-upon terms."
This legally binding contract addresses the relationship and coordination between senior and junior secured lenders. It governs the enforcement of security rights, allocation of recovery proceeds, and outlines the steps to be taken in various scenarios, including loan default, bankruptcy, or restructuring. The document typically covers important aspects like restrictions on additional borrowing by the borrower, subordination of junior debt to senior debt, procedures for the release or substitution of collateral, and mechanisms for communication and decision-making among all lenders.
An Intercreditor Agreement aims to protect the rights and interests of both senior and junior lenders involved in a secured debt transaction while providing a coherent framework for preserving the value of the collateral and maximizing recovery in case of borrower default. This template is commonly used in various commercial contexts, such as project finance, real estate financing, leveraged buyouts, or corporate debt restructuring, where multiple lenders are involved and want clarity on their respective rights and priorities.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
TUPE Change of Employer Notice Due To Intra-group Reorganisation
An intra-group reorganization typically occurs when there is a restructuring within a group of companies, where businesses are moved or consolidated under a different legal entity within the same group. This template covers the legal requirements and necessary steps to inform affected employees about such an organizational change.
The template likely provides a framework for drafting a formal written notice to be sent to employees. It outlines the relevant details of the transfer, including the current employer, the proposed new employer, and the effective date of the transfer. Additionally, the template may address the employees' rights and protections under TUPE, ensuring that they are not disadvantaged by the transfer and their existing terms and conditions of employment are preserved.
This template serves as a practical tool for employers or legal professionals to comply with the legal obligations imposed by TUPE when informing employees of an intra-group reorganization. It helps ensure transparency, efficiency, and compliance throughout the transfer process, thereby safeguarding employees' rights and maintaining a smooth transition of employment.
Publisher
Genie AIJurisdiction
England and WalesTeaming agreement (Tender Preperation and Submission)
The template will typically define the roles and responsibilities of each team member, addressing important aspects such as the contributions expected from each member, the allocation of financial resources and risks, and the collaborative measures to ensure a successful tender submission.
Key provisions may include confidentiality and non-disclosure agreements to protect sensitive commercial information shared within the team, provisions on intellectual property rights, dispute resolution mechanisms, and policies for decision-making within the consortium.
The template will also likely cover the specific requirements related to the tender preparation and submission process. This may include provisions on pre-bid meetings, preparation timelines, requirements for submitting the tender document, and any subsequent negotiations or revisions necessary during the tender process.
Overall, the Teaming Agreement (Tender Preparation and Submission) under UK law serves to establish a legally binding framework for disparate parties to collaborate effectively, leveraging their collective expertise and resources to improve their chances of success in securing a tender contract while complying with UK legal requirements.
Publisher
Genie AIJurisdiction
England and WalesTechnology Engineer Contract
This Technology Engineer contract template is designed for a commercial technology engineering organisation (or an individual technology engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of technology engineering and technology-engineering-related services to be completed by the technology engineer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the technology engineering firm or individual technology engineer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
