We all know seller debt is a contentious issue with sellers. There is a lot of consternation around seller debt being behind the bank debt. I'm interested to hear any novel debt terms you've used to get the sellers more comfortable with their junior position on the debt schedule.
One thing I've done is to add a clause in the seller note that states that equity holders will not be paid out until the seller note has been paid off. That generally gets a good response but I'm sure there are other ideas out there.