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VIDEO · 28 FEBRUARY 2025

Arrangements With Third-Party Creditors: Inter-Creditor And Priorities Agreements (Video)

Gowling WLG
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In many situations, using a subordination agreement will be sufficient. However, there may be complex deals where that won't be enough to address all of the special features of the deal.

CanadaFinance and Banking
Richard Dusome
Richard Dusome
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In many situations, using a subordination agreement will be sufficient. However, there may be complex deals where that won't be enough to address all of the special features of the deal.

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Hi my name is Richard Dusome and I'm a Financial Services lawyer at Gowling WLG. This video is part of our Arrangements with Third Party Creditors video series.

In our earlier videos in this series, we have talked about the use of Subordination Agreements and Postponement Agreements to protect a senior creditor from vendor take-back lenders (otherwise known as VTB lenders) and other third party creditors. In many situations, using a simple form of Subordination Agreement will be sufficient. However, there will be other deals and more complicated transactions where that just won't be enough to address all of the special features of the deal.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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