Subordinated Creditors Security Agreement for the United Kingdom

Subordinated Creditors Security Agreement Template for England and Wales

A Subordinated Creditors Security Agreement under English and Welsh law is a legal document that establishes the ranking and priority of different creditors' security interests over a debtor's assets. It creates a framework for managing multiple layers of secured debt, ensuring that subordinated creditors' claims are legally postponed to those of senior creditors. The agreement includes detailed provisions for enforcement, intercreditor relationships, and the creation and perfection of security interests, all within the context of English law principles of security and subordination.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Subordinated Creditors Security Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Subordinated Creditors Security Agreement?

A Subordinated Creditors Security Agreement is essential in complex financing structures where multiple creditors hold different levels of security over the same assets. This document is particularly relevant in leveraged finance, restructuring scenarios, or when implementing layered capital structures under English and Welsh law. The agreement defines the relationship between different classes of creditors, establishes clear enforcement mechanisms, and provides certainty regarding the ranking of security interests. It includes specific provisions for the creation, perfection, and enforcement of security, while ensuring compliance with English law requirements for valid security interests and subordination arrangements.

What sections should be included in a Subordinated Creditors Security Agreement?

1. Parties: Identifies all parties to the agreement including the subordinated creditors, senior creditors, and security trustee

2. Background: Sets out the context of the security arrangement and relationships between parties

3. Definitions and Interpretation: Defines key terms and interpretation rules used throughout the agreement

4. Security Interest Creation: Details the creation and nature of the security interests

5. Subordination Provisions: Specifies the terms of subordination and ranking of security interests

6. Representations and Warranties: Sets out parties' representations regarding their capacity and authority

7. Enforcement: Details enforcement rights and procedures

8. Governing Law and Jurisdiction: Specifies applicable law and courts having jurisdiction

What sections are optional to include in a Subordinated Creditors Security Agreement?

1. Further Assurance: Additional actions parties may need to take to perfect security

2. Power of Attorney: Grants power to execute documents on behalf of other parties

3. Inter-creditor Provisions: Regulates relationships between different classes of creditors

What schedules should be included in a Subordinated Creditors Security Agreement?

1. Form of Accession Deed: Template for additional parties to join the agreement

2. Secured Assets Schedule: Detailed list of assets subject to security

3. Notice and Acknowledgment Forms: Templates for notifying third parties of security interests

4. Existing Security Interests: Schedule of pre-existing security interests affecting secured assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Security Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Industries

Companies Act 2006: Primary legislation governing company charges, registration requirements, financial assistance and corporate benefit provisions. Key for registration and validity of security interests.

Law of Property Act 1925: Fundamental legislation dealing with creation and enforcement of security interests, including requirements for legal mortgages and charges over property.

Insolvency Act 1986: Critical legislation governing priority of creditors in insolvency, rules on preference and transactions at undervalue, and provisions relating to administration and liquidation.

Enterprise Act 2002: Legislation modifying the insolvency regime and providing important provisions regarding the enforcement of security.

Financial Collateral Arrangements (No.2) Regulations 2003: Regulatory framework governing financial collateral and specific enforcement provisions for financial collateral arrangements.

Companies House Registration Requirements: Regulatory requirements for registration of charges and ongoing filing obligations for security interests.

Common Law Principles: Body of case law governing contractual subordination, priority of security interests, and enforcement rights.

Financial Services and Markets Act 2000: Regulatory framework relevant when security arrangements involve regulated activities or financial institutions.

Post-Brexit Retained EU Law: Relevant retained European Union law affecting security interests and cross-border security considerations in England and Wales.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Security Deposit Agreement

An England & Wales agreement detailing financial security terms for property rentals or commercial transactions.

find out more

Private Security Agreement

An England & Wales legal document establishing terms for professional security services and compliance obligations.

find out more

Pledge Agreement

An England & Wales legal document securing obligations by pledging assets, detailing rights and enforcement upon default.

find out more

Personal Property Security Agreement

An England & Wales legal document securing lender's interest over borrower's movable property as collateral.

find out more

Penetration Testing Confidentiality Agreement

An England & Wales legal document authorizing controlled system access for security vulnerability assessments.

find out more

Cybersecurity Agreement

A legal agreement in England & Wales outlining terms for the transfer of intellectual property rights.

find out more

Collateral Substitution Agreement

A legal contract in England & Wales outlining terms for the sale and transfer of property ownership.

find out more

Collateral Agreement

A legal document from England & Wales granting power of attorney for financial and property affairs management.

find out more

Agreement To Exclude Security Of Tenure

A legal document from England & Wales granting power of attorney for financial and property affairs management.

find out more

Collateral Substitute Exchange Agreement

An English law agreement governing the substitution of one form of collateral for another while maintaining the same security interest.

find out more

Auto Security Agreement

A legal agreement under English and Welsh law creating security over a vehicle in favor of a lender as collateral for a loan.

find out more

Key Holding Contract

A legal agreement under English and Welsh law establishing terms for professional key holding and management services by a licensed security provider.

find out more

Safe Deposit Box Lease Agreement

A contract under English and Welsh law governing the lease of secure storage facilities between a financial institution and its customers.

find out more

Stock Collateral Loan Agreement

An English law agreement governing loans secured by stocks or securities, establishing terms, collateral requirements, and enforcement rights.

find out more

Safe Deposit Box Rental Agreement

An English law agreement governing the rental and use of secure storage facilities between a service provider and customer.

find out more

Purchase Money Security Agreement

An English law agreement creating security interest for purchase-specific financing.

find out more

Master Loan And Security Agreement

A comprehensive agreement under English and Welsh law governing multiple loan facilities and related security arrangements between lender and borrower.

find out more

Loan Against Shares Agreement

A legally binding agreement under English and Welsh law establishing terms for a loan secured against shares, including security arrangements and enforcement provisions.

find out more

Cyber Security Agreement

An English law agreement establishing terms for cybersecurity services, including security measures, incident response, and compliance requirements.

find out more

Purchase Security Agreement

An English law agreement creating security interests over purchased assets in favor of a secured party.

find out more

Note And Warrant Purchase Agreement

An English law agreement governing the purchase of convertible notes and equity warrants, combining debt financing with potential equity participation.

find out more

Factoring And Security Agreement

An English law agreement governing the sale of receivables to a factor and creating security interests over related assets.

find out more

Data Protection Agreement

An English law agreement governing personal data processing arrangements between controllers and processors under UK data protection legislation.

find out more

Consumer Security Agreement

An English law agreement creating security over consumer assets to secure financial obligations.

find out more

Commercial Pledge Agreement

An English law agreement creating a pledge over assets as security for obligations, governed by English and Welsh law.

find out more

Membership Interest Pledge Agreement

An English law agreement creating security over membership interests in a company or partnership as collateral for obligations.

find out more

Membership Interest Agreement

A legal agreement under English law governing the transfer or issuance of membership interests in a business entity.

find out more

Lease Security Agreement

An English law agreement creating security for lease obligations, typically through charges over specific assets or rights.

find out more

Irrevocable Pledge Agreement

A legally binding agreement under English and Welsh law creating an irrevocable security interest over specific assets.

find out more

Guaranty And Security Agreement

An English law agreement combining personal guarantee obligations with security interests over specific assets to secure payment or performance obligations.

find out more

Global Master Repurchase Agreement

A standardized master agreement under English and Welsh law for documenting repurchase transactions in securities markets.

find out more

Data Security Agreement

A legally binding agreement under English law that establishes data security measures and protocols between parties.

find out more

Information Security Agreement

An English law agreement establishing information security requirements and protocols for protecting sensitive data between contracting parties.

find out more

Confidentiality And Security Agreement

An English law agreement combining confidentiality obligations with security requirements for protecting sensitive information.

find out more

Chattel Security Agreement

An English law agreement creating security over movable personal property to secure obligations to a lender.

find out more

Retail Installment Contract And Security Agreement

An English law agreement enabling installment purchases with built-in security interest for the seller until full payment completion.

find out more

Subordinated Creditors Security Agreement

An English law agreement establishing security priorities between senior and subordinated creditors over a debtor's assets.

find out more

Shareholder Agreement Transfer Of Shares

A legally binding agreement under English and Welsh law governing the transfer of shares between parties in a company.

find out more

Third Party Collateral Agreement

An English law agreement where a third party provides collateral to secure another party's obligations.

find out more

Stock Transfer Restriction Agreement

A legally binding agreement under English and Welsh law that establishes restrictions and procedures for the transfer of company shares.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now