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Home / News Stories / Practice Tip: Protecting a subordination pact (access required)

Practice Tip: Protecting a subordination pact (access required)

It's a common situation for purchasing large, capital equipment for resale or lease: a finance company lends money to a leasing company who in turn uses it to buy construction equipment to rent out. The finance company has a purchase money security interest in the equipment. The leasing company has a cash collateral account with its ...