Article 40 - Voluntary subordination
Secured Party may, in a Security Agreement or otherwise, subordinate its Security Interest to any other interest.
(2) An agreement to subordinate is effective according to its terms between the parties and may be enforced by a third party if the third party is the person or one of a class of persons for whose benefit the subordination was intended.
(3) An agreement or undertaking to postpone or subordinate:
(A) the right of a
Person to performance of all or any part of an obligation to the right of another Person to the performance of all or any part of another obligation of the same Debtor; or
(B) all or any part of the rights of a
Secured Party under a Security Agreement to all or any part of the rights of another Secured Party under another Security Agreement with the same Debtor,
does not, by virtue of the postponement or subordination alone, create a