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Intercreditor Agreement (Lien Priority)

Draft Intercreditor Agreements in Minutes, Not Days

12 minutes with CaseMark

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2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

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Workflow

Intercreditor Agreement (Lien Priority)

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Workflow

Intercreditor Agreement (Lien Priority)

Overview

Drafting intercreditor agreements manually requires extensive research across LSTA templates, ABA guidelines, and legal databases to ensure proper lien priority and subordination provisions. Attorneys spend hours cross-referencing credit documents, verifying definitions, and ensuring compliance with industry standards while managing complex waterfall provisions and enforcement rights.

Drafting intercreditor agreements manually requires extensive research across LSTA templates, ABA guidelines, and legal databases to ensure proper lien priority and subordination provisions. Attorneys spend hours cross-referencing credit documents, verifying definitions, and ensuring compliance with industry standards while managing complex waterfall provisions and enforcement rights.

CaseMark automates intercreditor agreement drafting by intelligently extracting obligations from your credit documents and integrating industry-standard provisions from LSTA, ABA, and authoritative legal sources. Generate comprehensive, market-standard agreements in minutes with proper lien priority structures, subordination terms, and enforcement provisions—all while maintaining full customization control.

How it works

  1. 1. Upload your documents

  2. 2. AI analyzes and extracts key information

  3. 3. Review and customize the generated content

  4. 4. Export in your preferred format (DOCX, PDF)

What you get

  • Introduction and Recitals

  • Definitions

  • Lien Priority and Subordination

  • Enforcement Rights and Remedies

  • Payments, Distributions, and Turnover

  • Representations and Warranties

  • Covenants

  • Miscellaneous Provisions

What it handles

  • Introduction and Recitals

  • Definitions

  • Lien Priority and Subordination

  • Enforcement Rights and Remedies

  • Payments, Distributions, and Turnover

  • Representations and Warranties

  • Covenants

  • Miscellaneous Provisions

Required documents

  • First Lien Credit Agreement

    The primary credit agreement establishing first lien obligations and collateral terms

    .pdf, .docx, .doc

  • Second Lien Credit Agreement

    The subordinated credit agreement establishing second lien obligations

    .pdf, .docx, .doc

Supporting documents

  • Security Agreements

    Existing security agreements detailing collateral and lien perfection

    .pdf, .docx, .doc

  • Prior Intercreditor Agreements

    Previous intercreditor agreements for reference or amendment purposes

    .pdf, .docx, .doc

  • Collateral Schedules

    Detailed schedules identifying shared collateral assets

    .pdf, .xlsx, .docx

Why teams use it

Reduce drafting time from 6+ hours to under 15 minutes with AI-powered automation

Automatically extract and define obligations from uploaded credit agreements using intelligent document analysis

Access integrated LSTA and ABA best practices with proper citations and legal authority

Ensure consistent lien priority and subordination language across all agreement sections

Generate market-standard waterfall provisions and turnover mechanics without manual research

Questions

How does CaseMark handle complex lien priority structures?

CaseMark analyzes your uploaded credit agreements to identify first and second lien obligations, then automatically structures priority and subordination provisions based on LSTA standards. The platform ensures proper waterfall mechanics and enforcement rights are clearly delineated between lien holders.

Can I customize the intercreditor agreement after CaseMark generates it?

Yes, absolutely. CaseMark provides a comprehensive first draft with all standard provisions, which you can fully edit and customize to meet specific deal requirements. The platform gives you a strong foundation while maintaining complete control over final terms.

Does CaseMark include current LSTA and ABA guidelines?

Yes, CaseMark integrates current industry standards from LSTA intercreditor templates and ABA Commercial Finance Committee guidelines. The platform searches authoritative sources and includes proper citations to support the drafted provisions.

What if my deal has unique collateral or multiple lien holders?

CaseMark's intelligent system adapts to complex structures by extracting specific collateral details from your uploaded documents. You can provide additional context about unique arrangements, and the platform will incorporate these details into the appropriate sections.

How accurate are the definitions and legal terms in the generated agreement?

CaseMark pulls definitions directly from your credit documents and cross-references them with standard legal definitions from Thomson Reuters, Lexology, and other authoritative sources. This ensures consistency with your existing documentation while maintaining legal precision.

Can CaseMark help with amendments to existing intercreditor agreements?

Yes, you can upload existing intercreditor agreements as optional documents. CaseMark will analyze the current terms and help you draft amendments or updated agreements that maintain consistency with the original structure while incorporating new provisions.

How long does it actually take to generate a complete intercreditor agreement?

Most users generate a comprehensive, market-standard intercreditor agreement in 10-15 minutes. This includes uploading credit documents, reviewing extracted information, and receiving a fully formatted draft with all eight major sections and supporting citations.

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