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Intercreditor Agreement review

Intercreditor / lien-priority agreement (1L / 2L) — LSTA model baseline.

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What it checks

Senior / junior identification + priorities

Intercreditor must identify senior creditor(s), junior creditor(s), and lien / payment priorities.

Critical · BNK-027

Payment / lien blockage and turnover

Intercreditor must address payment / lien blockage and turnover of payments received in breach.

Critical · BNK-028

Standstill — junior remedies

Intercreditor must define a standstill on junior remedies during senior default.

Warning · BNK-029

DIP financing / bankruptcy provisions

Intercreditor should include bankruptcy provisions — DIP financing consent, plan voting, 363 sale consent.

Warning · BNK-030

Buy-out / option to purchase senior debt

Junior should have an option to purchase senior debt at par on enforcement.

Warning · BNK-031

Amendment / waiver mechanics (consent rights)

Intercreditor must specify amendment / waiver mechanics for each tier (consent rights, holdouts).

Warning · BNK-032

Every run also applies 120 general checks that belong to any agreement: structure, parties and signatures, defined terms, cross-references, dates, amounts, and one-sided terms.

How it works

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  2. Drop your PDF or DOCX, or paste the text. The document type is detected and only the checks that belong to it run, inside your browser tab.
  3. Get a Word report in which every finding quotes the clause and cites the rule and source behind it — one of 1,946 checks across 286 document types.
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