Preference is given to those candidates with a specific human rights background.

6. One delegation referred to the task of the Working Group of ensuring that the list of maritime claims in Article 1 should include all claims with maritime lien status under the 1993 MLM Convention but should not necessarily be restricted to claims with maritime lien status.

If the secured creditor is the depositary bank, the depositary bank's security right has priority over any other security right.

(a) By control has priority over the rights of all other secured creditors

You really don't have the right priorities!

In some legal systems, all of the priority, super priority, security and priming lien options for attracting post commencement finance are available to cover the new lending.

4. If a receivable is assigned pursuant to a contract of assignment concluded before the date when this Convention enters into force in respect of the Contracting State referred to in article 1, paragraph 1 (a), the right of the assignee has priority over the right of a competing claimant with respect to the receivable to the extent that, under the law that would determine priority in the absence of this Convention, the right of the assignee would have priority.

4. If a receivable is assigned pursuant to a contract of assignment concluded before the date when the denunciation takes effect in respect of the Contracting State referred to in article 1, paragraph 1 (a), the right of the assignee has priority over the right of a competing claimant with respect to the receivable to the extent that, under the law that would determine priority under this Convention, the right of the assignee would have priority.

(4) An assignee asserting priority under the provisions of this Convention has priority over an assignee asserting priority based on grounds other than the provisions of this Convention.

Delegations considered that the establishment of a Council with higher status and increased authority would accord human rights a higher priority or a greater degree of importance than other issues, such as development.

The concept of priority, which allows for the concurrent existence of security rights having different priority status in the same assets, makes it possible for a business to utilize the value of its assets to the maximum extent possible by obtaining secured credit from more than one creditor using the same assets as security with transparent rules allowing each creditor to know the priority of its security right.

(c) By possession has priority over a security right made effective against third parties automatically upon creation or by registration and

OF EXPERTS ON MARITIME LIENS AND MORTGAGES AND RELATED

The law should have a complete set of priority rules covering all possible priority conflicts.

(b) By acknowledgement has priority over a security right made effective by any method other than control to the extent the proceeds are payable under and pursuant to the terms of that acknowledgement in the case of inconsistent acknowledgements given by the same person, the first secured creditor to obtain an acknowledgement from that person has priority

Administrative priority creditors do not rank ahead of a secured creditor with respect to its security interest, but generally are afforded a first priority (see chap. V, paras. 45 47 and 66) that ranks ahead of ordinary unsecured creditors and any statutory priorities, for example, taxes or social security claims.

Priority of security rights that are effective against third parties

In addition, it was noted that priority under the draft Convention gave a creditor only the right to be paid before other creditors that were subsequent in the line of priority.

Before the adoption of the 1993 MLM Convention, ship suppliers had a maritime lien in respect of their claim.

Network Priority

5. With respect to the relationship between maritime claims and maritime liens , the observer for the International Maritime Committee (CMI) noted that, in ensuring that maritime liens recognized by the 1993 International Convention on Maritime Liens and Mortgages (MLM Convention) were covered by the definition of maritime claim , there was no need strictly to use the same wording, since maritime liens were by nature more restrictive than maritime claims .

Priority of security rights that are not effective against third parties

You do not have sufficient privileges to change the CPU priority. Aborting.

and Mortgages and Related Subjects

The highest priority subprogrammes, as decided by the General Assembly, shall have first claim on resources, if budgetary needs are demonstrated, and, if possible, through redeployment in the event that low priority activities are curtailed or terminated by intergovernmental decision.

CONTENTS (continued)

quot (8) Priority means the right of a party to receive payment in preference to another party.

2. If proceeds are received by the assignor, the right of the assignee in those proceeds has priority over the right of a competing claimant in those proceeds to the same extent as the assignee's right had priority over the right in the assigned receivable of that claimant if

The insolvency law should specify that, if a security right is entitled to priority under law other than the insolvency law, that priority continues unimpaired in insolvency proceedings except if, pursuant to the insolvency law, another claim is given priority.

The law should limit, both in number and amount, preferential claims that have priority over security rights that are effective against third parties, and to the extent preferential claims exist, they should be described in the law in a clear and specific way.

Law applicable to priority

Proposals were made to replace the words quot secured claims quot and quot rights in rem quot , with reference to quot privileged claims quot , quot preferred claims quot or other expressions with a similar meaning.

(g) To consider as a matter of high priority becoming a party to all relevant human rights instruments

The existence of other priorities within the Palestinian Authority lent itself to more informal cooperation on specific activities.

An assignee entitled to priority may at any time subordinate its priority unilaterally or by agreement in favour of any existing or future assignees.

of Experts on Maritime Liens and Mortgages and Related Subjects

In custody the mother has the preferential right while in guardianship the father has the better right.

The law should provide that a holder of a security right entitled to priority may at any time subordinate its priority unilaterally or by agreement in favour of any existing or future competing claimant.

In that connection, the Constitution of the Ukraine adopted on 28 June 1996 underlines the priority status of the interests and rights of the individual.

The Right Priorities for the G8

You do not have sufficient privileges to change the IO scheduler and priority. Aborting.

Those countries must now make it a priority to defend all fundamental rights.

Experts identified issues of particular policy importance that should be given priority attention.

These resources had to be shared among competing priorities.

It was the understanding of the African Group that the priorities proposed in the Note would have equal status and were not listed according to any order of priority.