Search results
Results from the WOW.Com Content Network
A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another. It is generally used to grant first lien status to a lienholder who would otherwise be secondary to another party, with the approval of the party that would otherwise have first lien.
Signed in 1949. [39] Ratified June 9, 1955. [40] Protocols I–II not ratified Uruguay: 1969 1985 1985 2012 1990 Uzbekistan: 1993 1993 1993 — — Vanuatu: 1982 1985 1985 — — Venezuela: 1956 1998 1998 — — Vietnam: 1957 1981 — — — Conventions I–IV ratified as the North Vietnam. [4]
"Co-operation," as distinguished from "subordination," is not enough to create an employment relationship. Id., 212 U.S. at 226, 29 S.Ct. at 256. Although a formal agreement between the two employers is not considered indispensable to the borrowed-servant relationship, the very terms "borrowed" and "loaned" connote some type of agreement ...
Subordination is the process by which a creditor is placed in a lower priority for the collection of its debt from its debtor's assets than the priority the creditor previously had, [1] In common parlance, the debt is said to be subordinated but in reality, it is the right of the creditor to collect the debt that has been reduced in priority.
WASHINGTON (Reuters) -The United States has finalized a 20-year extension to its agreement on ties with the strategic Marshall Islands and expects to sign the $2.3 billion deal on Monday, chief U ...
Subordination may refer to Subordination in a hierarchy (in military, society, etc.) Insubordination, disobedience; Subordination (linguistics) Subordination (finance) Subordination agreement, a legal document used to deprecate the claim of one party in favor of another; Subordination (horse), a Thoroughbred racehorse
Attornment in commercial real estate is generally used in the context of a subordination, non-disturbance and attornment agreement (SNDA), which protects both the tenant and the lender in the event the landlord defaults on its commercial lending obligations. The lease remains in full force and effect. [citation needed]
Signed treaties enter into force only if ratified by at least two-thirds (67 members) of the United States Senate. (Technically, the Senate itself does not ratify treaties, it only approves or rejects resolutions of ratification submitted by the Committee on Foreign Relations ; if approved, the United States exchanges the instruments of ...