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.

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

(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.

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.

A more desirable approach may be to provide that creditors obtaining priority for new funding will retain that priority in any subsequent liquidation.

OF EXPERTS ON MARITIME LIENS AND MORTGAGES AND RELATED

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

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

Some insolvency laws provide that new lending may be afforded some level of priority over existing secured creditors, (sometimes referred to as a priming lien ).

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

Note to the Working Group The commentary will provide examples of exceptions, such as post commencement priority financings and privileged claims.

Priority of security rights that are not effective against third parties

The volunteers of this expedition will have first choice in the homesteading of Sweet Meadows.

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

and Mortgages and Related Subjects

CONTENTS (continued)

We will give priority to the right of our citizens to economic well being.

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

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.

Law applicable to priority

The Government has also stated that respect for human rights will be one of its main priorities.

OHCHR placed the effective implementation of the Durban Declaration and Programme of Action among its priorities.

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.

With regard to priority in proceeds, it was suggested that it could be dealt with in the same way as priority in receivables (which under draft articles 23 and 24 was left to the law of the country in which the assignor had its place of business).

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

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.

of Experts on Maritime Liens and Mortgages and Related Subjects

228. As to prior conflicts, wide support was expressed for the approach taken in the draft convention combining substantive and private international law priority rules.

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

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.

Note to the Working Group See recommendation I in the recommendations of this Guide on Insolvency 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.

11. Notes that the present Government has assigned priority to national and international human rights obligations

Maintain the study of the question of human rights and states of emergency as one of the highest priority items on its agenda, and

Priority of the security right over the rights of competing claimants

(ff) Priority means the right of a person to derive the economic benefit of its security right in an encumbered asset in preference to a competing claimant.

The inspection of all physical structures related to security and safety will continue to be given high priority.

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

The law should provide that a security right that is effective against third parties has priority over the rights of unsecured creditors.

Priority rules based on registration