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."
An Intercreditor Agreement (Secured Debt) under UK law is a legal template specifically designed to outline the rights and responsibilities between different lenders who have provided secured debt to a borrower. In a secured lending arrangement, the borrower pledges collateral (such as property, assets, or shares) as security for the loan. This agreement establishes the hierarchy of creditors' claims in case of borrower default or insolvency.
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.
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
PRODUCT HUNT
#1 Product of the Day
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
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Standard Extra Employment Contract Clauses
This legal template provides a comprehensive set of Standard Extra Employment Contract Clauses under UK law, aimed at addressing specific terms and conditions that can be incorporated into an employment contract. These additional clauses go beyond the basic employment agreement to cover a wide range of aspects related to the employer-employee relationship.
The template focuses on UK law, ensuring compliance with relevant legislation and providing clarity for both parties involved. It includes information on essential topics such as working hours, holiday entitlement, sick leave, and notice periods. In addition, the clauses cover provisions for confidentiality, intellectual property rights, and post-employment restrictions.
Furthermore, the template outlines guidelines for performance reviews, training and development, and grievance procedures to facilitate effective communication and dispute resolution. It also addresses matters related to compensation, bonuses, and benefits, including potential incentives or bonus schemes that the employer may offer.
Importantly, the Standard Extra Employment Contract Clauses template provides a framework for fair and equitable treatment, emphasizing anti-discrimination policies, health and safety regulations, and accommodation for reasonable adjustments. It ensures that both parties are protected in terms of their rights and responsibilities throughout the employment relationship.
Employers can customize and incorporate these clauses into their employment contracts, tailoring them to meet their specific business requirements while adhering to UK employment laws and regulations. Similarly, employees can familiarize themselves with the clauses to better understand their rights and obligations within the employment context.
By utilizing this template, employers and employees can establish a solid foundation for their working relationship, enhancing clarity, transparency, and legal compliance.
The template focuses on UK law, ensuring compliance with relevant legislation and providing clarity for both parties involved. It includes information on essential topics such as working hours, holiday entitlement, sick leave, and notice periods. In addition, the clauses cover provisions for confidentiality, intellectual property rights, and post-employment restrictions.
Furthermore, the template outlines guidelines for performance reviews, training and development, and grievance procedures to facilitate effective communication and dispute resolution. It also addresses matters related to compensation, bonuses, and benefits, including potential incentives or bonus schemes that the employer may offer.
Importantly, the Standard Extra Employment Contract Clauses template provides a framework for fair and equitable treatment, emphasizing anti-discrimination policies, health and safety regulations, and accommodation for reasonable adjustments. It ensures that both parties are protected in terms of their rights and responsibilities throughout the employment relationship.
Employers can customize and incorporate these clauses into their employment contracts, tailoring them to meet their specific business requirements while adhering to UK employment laws and regulations. Similarly, employees can familiarize themselves with the clauses to better understand their rights and obligations within the employment context.
By utilizing this template, employers and employees can establish a solid foundation for their working relationship, enhancing clarity, transparency, and legal compliance.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
11
RATINGS
3
DISCUSSIONS
1
Standard Deed of Rectification
A Standard Deed of Rectification is a legal template specifically designed to correct errors or omissions in legal documents, agreements, contracts, or other legal instruments governed by UK law. This document aims to rectify mistakes or ambiguities that may affect the intent, validity, or enforceability of the original instrument. It provides a clear framework for parties involved to acknowledge and address the error, thereby ensuring any subsequent legal rights, obligations, or provisions accurately reflect the true intention of the parties involved. By using this standard deed, individuals or businesses can rectify various types of errors, such as inaccurate or omitted clauses, incorrect terms, faulty descriptions, or incorrect references. The Standard Deed of Rectification under UK law provides a defined process and legal framework for all parties involved to rectify and validate the intended provisions of the original document.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
3
DISCUSSIONS
2
Standard Notice By Tenant Indicating Preference To Deal Directly With The Other Landlord
The Standard Notice by Tenant Indicating Preference to Deal Directly with the Other Landlord under UK law is a legal template that outlines the process for tenants to communicate their intention to engage directly with the other landlord involved in their tenancy agreement.
In certain situations, tenants may find it more convenient or necessary to interact directly with the other landlord, rather than through the primary landlord or letting agent. This template aims to provide a standardized format for tenants to express their preference to deal directly with the other landlord.
The notice typically includes essential details such as the tenant's and other landlord's names, contact information, property address, and a clear statement indicating the tenant wishes to establish direct communication with the other landlord. The purpose of this notice is to formalize the tenant's request and ensure both parties are aware of the tenant's decision.
By using this template, tenants ensure compliance with the legal requirements under UK law. It serves as a point of reference for documenting the tenant's preference, which may ultimately impact the communication and management of the tenancy.
Consulting this legal template promotes transparency and clarity between all parties involved in the tenancy and helps to avoid any potential disputes regarding communication preferences.
In certain situations, tenants may find it more convenient or necessary to interact directly with the other landlord, rather than through the primary landlord or letting agent. This template aims to provide a standardized format for tenants to express their preference to deal directly with the other landlord.
The notice typically includes essential details such as the tenant's and other landlord's names, contact information, property address, and a clear statement indicating the tenant wishes to establish direct communication with the other landlord. The purpose of this notice is to formalize the tenant's request and ensure both parties are aware of the tenant's decision.
By using this template, tenants ensure compliance with the legal requirements under UK law. It serves as a point of reference for documenting the tenant's preference, which may ultimately impact the communication and management of the tenancy.
Consulting this legal template promotes transparency and clarity between all parties involved in the tenancy and helps to avoid any potential disputes regarding communication preferences.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
12
RATINGS
4
DISCUSSIONS
0