Intercreditor deed for unsecured debt

A deed to regulate the priority between unsecured debt providers.

For an intercreditor deed that regulates the priority between secured debt providers, see Standard document, Intercreditor deed for secured debt.

For a simpler form of document that can be used to regulate priority between debt providers, but which does not contain subordination provisions, see Standard document, Deed of priority.

For a checklist of issues commonly dealt with in intercreditor agreements, including information on approaches that may be agreed by creditors on intercreditor issues, see Checklist, Intercreditor agreements and deeds of priority.


The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area

Log in using Practical Law username

Only use this login if you have not set up OnePass for Practical Law

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247242927982", "objName" : "ACT_OWNED - READ_ONLY - 5-242-7965", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-3b01f5d1:15b10e64443:-4179", "analyticsSessionCookie" : "2-3b01f5d1:15b10e64443:-4178", "statisticSensorPath" : "" }