Title
Enforceability of Intercreditor Agreements in Bankruptcy
By
John C. Murray
Description
42 PROBATE& PROPERTY JULY/AUGUST 2002 With the increasing popularity and complexity of sophisticated real estate mortgage transactions involviin multiple lenders, such as mezzanine financing and multi-tranched, securitized loans, intercreditor and subordination agreemeent have become commonplace. These agreements set forth the respective rights and obligations of the parties for matters such as lien priority, priority of payment from cash flow, effect of rating agency downgrades, priority of...

Advertisement