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cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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What is the Stock Pledge Agreement and Intercreditor Agree

Resolved Question:

What is the Stock Pledge Agreement and Intercreditor Agreement?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.
Hi JACustomer,
Are you asking what these agreements are, or are you asking for samples of these types of agreements?
Customer: replied 5 years ago.
What are this agreements - their purpose and basic functions
Expert:  cfortunato replied 5 years ago.

1) Stock Pledge Agreement - the debtor puts his shares of stock up as collateral for a loan. In other words, the result of this agreement is the loan is secured by the debtor's stock.

2) Intercreditor Agreement - the debtor's creditors agree among themselves as to what place in line each creditor will have in the event of a default. In other words, a determination is made as to who will have the first lien, the second lien, etc.

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