What does it mean when a loan is subordinated?

Subordinate financing is debt financing that is ranked behind that held by secured lenders in terms of the order in which the debt is repaid. "Subordinate" financing implies that the debt ranks behind the first secured lender, and means that the secured lenders will be paid back before subordinate debt holders.

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Surface Tenant's Subordination to An Oil and Gas Lease

Pima Arizona Surface Tenant's Subordination to An Oil and Gas Lease

Name: Pima Arizona Surface Tenant's Subordination to An Oil and Gas Lease
Brand: US Legal Forms
Rating: 4.83 (251 reviews)

Category:

Oil Gas and Minerals - Subordination

State:

Multi-State

County:

Pima

Control #:

US-OG-143

Format:

Instant download

Description

If an oil and gas lease has been granted on lands in which there is a surface tenant, it may be necessary or advisable to obtain a subordination of the agreement or lease with the surface tenant, to the oil and gas lease. This form provides for that subordination and directs the manner in which compensation for any damages shall be paid.

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We briefly discuss three types of agreements below. An executory subordination agreement is an agreement under which the subordinating party, like the seller of land, agrees to execute a subsequent instrument subordinating his or her security interest to another security interest, like the lien of a construction loan.

Subordination is putting something in a lower position or rank. Therefore, a subordination agreement puts the lease below the mortgage loan in priority. Mortgage lenders want the leases to be subordinate to the mortgage. That way, the mortgage loan is paid first if there is a foreclosure.

Subordination clauses are commonly used when a home loan is refinanced. Refinancing results in the original home loan being paid off and a newer loan with a different interest rate being established.

When you take out a mortgage loan, the lender will likely include a subordination clause. Within this clause, the lender essentially states that their lien will take precedence over any other liens placed on the house. A subordination clause serves to protect the lender in case you default.

A subordination clause is a lease provision whereby the tenant subordinates its possessory interest in the leased premises to a third-party lender, usually a bank (the rights of the tenant are thus subject to the rights of the lender).

Subordination agreement is a contract which guarantees senior debt will be paid before other subordinated debt if the debtor becomes bankrupt.

Subordinate financing is debt financing that is ranked behind that held by secured lenders in terms of the order in which the debt is repaid. "Subordinate" financing implies that the debt ranks behind the first secured lender, and means that the secured lenders will be paid back before subordinate debt holders.

Subordinate Liens means Liens in favor of Lender, securing all or any portion of the Obligation, including, but not limited to, Rights in any Collateral created in favor of Lender, whether by mortgage, pledge, hypothecation, assignment, transfer, or other grant or creation of Liens.

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Form of Assignment and Assumption of Lease and Security Deposits. Contracted sign company and two copies shall be retained in the lease file.It, or upon a foreclosure of landlord's property are just not paramount in the minds of either landlord or tenant during lease negotiations. 32 pagesMissing: Pima ‎Surface ‎Oil ‎Gas Our heavy dependence on oil has subjected us to. Research Park Authority (ARPA) in a lease and related agreements between the. Arizona Board of Regents as landlord and ARPA as tenant. Additionally, program information may be made available in languages other than English. ACTORS IN THE TENANT EXPERIENCE OF SUMMARY EVICTION by. The Bayfront LCP Implementation Program in the form of the Bayfront Specific Plan,.

Pima Arizona Surface Tenant's Subordination to An Oil and Gas Lease

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