Victoria Jungfrau Tenniscenter Interlaken

Tennis spielen in Interlaken

Victoria Jungfrau Grand Hotel & Spa +41 33 828 28 55 tenniscenter@victoria-jungfrau.ch

Postponement Agreement Deutsch

Subordination contracts are the most common in the field of mortgages. When an individual borrows a second mortgage, that second mortgage has a lower priority than the first mortgage, but those priorities may be disrupted by refinancing the original loan. The signed agreement must be recognized by a notary and recorded in the county`s official records in order to be enforceable. A subordination agreement recognizes that the requirement or interest of one party is greater than that of another party if the borrower`s assets must be liquidated to repay the debt. Subordination agreements can be used in a variety of circumstances, including complex corporate debt structures. Individuals and businesses go to credit institutions when they have to borrow money. The lender is compensated if it receives interest on the amount borrowed, unless the borrower is late in its payments. The lender could demand a subordination agreement to protect its interests if the borrower places additional pawn rights against the property, z.B. if he takes out a second mortgage. Mortgagor pays him for the most part and gets a new credit when a first mortgage is refinanced, so that the new last loan now comes in second. The second existing loan becomes the first loan.

The lender of the first mortgage will now require the second mortgage lender to sign a subordination agreement to reposition it as a priority for debt repayment. Each creditor`s priority interests are changed by mutual agreement in relation to what they would otherwise have become. A subordination agreement is a legal document that classifies one debt as less than another, which is a priority in recovering repayment from a debtor. Debt priority can become extremely important when a debtor becomes insolvent or declares bankruptcy. Under an amended and revised subordination and deferral agreement, regular payments to the Fund and partnership could be continued without delay of payment or delay in accordance with the credit agreement. Unsecured unsecured bonds are considered subordinated secured bonds.

Kontaktformular

Wir freuen uns von Ihnen zu hören

Victoria Jungfrau Grand Hotel & Spa +41 33 828 28 55 tenniscenter@victoria-jungfrau.ch