Real Estate Subordination Agreement Template for Indonesia

1. Further Assurance: Additional provisions for parties to take necessary actions to give effect to the subordination, used when specific future actions may be required

2. Default and Remedies: Specific provisions regarding events of default and available remedies, included when parties want detailed enforcement mechanisms

3. Amendment of Original Security Documents: Provisions modifying existing security documents, needed when original documents require modification

4. Indonesian Language Compliance: Provisions regarding dual language requirements, included when the agreement is in both English and Indonesian

5. Assignment: Provisions regarding the ability to transfer rights under the agreement, included when parties anticipate potential transfers

6. Costs and Expenses: Allocation of costs related to the subordination, included when significant expenses are anticipated

1. Property Details: Detailed description of the real estate property, including land certificates and registration details

2. Existing Security Documents: List and details of all existing security interests and their registration particulars

3. Form of Notice: Template for notifications required under the agreement

4. Priority Payment Waterfall: Detailed breakdown of payment priorities and distributions

5. Required Governmental Approvals: List of necessary permits and approvals from Indonesian authorities

6. Power of Attorney: Form of power of attorney for registration purposes if required