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Intercreditor Agreements

By Brad Nielsen and Sean Gillen
August 26, 2013

Editor's Note: This is the first article in a series covering various aspects of intercreditor agreements.

Intercreditor agreements can be both an important and a frustrating aspect of a commercial finance transaction. They provide attorneys and clients with a broad range of structuring and drafting options. Truly, an agreement may be built from scratch on every deal (though most attorneys will rely on a host of tried-and-true forms and clauses tailored to the specific issues at hand). On the other hand, intercreditor agreements often involve third parties who have no stake in the proposed financing or who are otherwise unwilling to provide any accommodation.

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