Subordinated Notes are used to create a debt agreement between a lender and a borrower, where the lender's claim to repayment is lower than other creditors.
This legal template is likely about a subordinated note, a contractual agreement where one party lends money to another party under specific terms and conditions, to be repaid after other senior debts have been cleared. The Genie AI aspect suggests that this template is generated or assisted by an artificial intelligence tool named Genie.
