Creditor Subordination Agreement Sample Contracts

CREDITOR SUBORDINATION AGREEMENT

Creditor Subordination Agreement • August 15th, 2011 • Teamstaff Inc • Services-help supply services • Georgia

• Contract Type
  Creditor Subordination Agreement
• Filed
  August 15th, 2011
• Company
  Teamstaff Inc
• Industry
  Services-help supply services
• Jurisdiction
  Georgia

This Creditor Subordination Agreement (the “Agreement”) is made and entered into by Wynnefield Partners SmallCap Value, LP (the “Creditor”), TeamStaff Government Solutions, Inc., a Georgia corporation (the “Borrower”), and TeamStaff, Inc., a New Jersey corporation (the “Guarantor”), for the benefit of Presidential Financial Corporation, a Georgia corporation, and its successors and assigns (“Lender”).