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

(2) as for those occurred in the liquidation of the enterprise, they shall be paid off in priority with the liquidating property of the enterprise after subtracting the liquidating costs.

(68) The insolvency law should specify that where reorganization proceedings are converted to liquidation, any priority accorded to post commencement finance in the reorganization should continue to be recognized in the liquidation.

A further approach provides that the priority will be recognized in a subsequent liquidation, but will not necessarily be accorded the same level of and may rank, for example, after administrative claims relating to the costs of the liquidation or pari passu with administrative expenses.

(188) The insolvency law should specify that secured claims should be satisfied from the encumbered asset in liquidation or pursuant to a reorganization plan, subject to claims that are superior in priority to the secured claim, if any.

The insolvency law should specify that where reorganization proceedings are converted to liquidation, any priority accorded to post commencement finance in the reorganization should continue to be recognized in the liquidation.

The preface and introduction described the main budget parameters, goals and priorities.

This amount remains fixed throughout the proceedings and, upon distribution following liquidation, the secured creditor receives a first priority claim to the extent of that amount.

Network Priority

Some insolvency laws provide that any security or priority provided in respect of new lending can be set aside in a subsequent liquidation, and may give rise to liability for delaying the commencement of liquidation and potentially damaging the interests of creditors.

Budget principles and organizational priorities

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.

and Mortgages and Related Subjects

CONTENTS (continued)

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.

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.

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

You really don't have the right priorities!

Law applicable to priority

That suggestion was objected to on the grounds that the benefit derived from purging the public record outweighed the risk that assignees may lose their priority rights which the assignees could protect by renewing their registrations.

Putting order in public investment policy will not yield results if the budget is unable to allocate sufficient resources to priority sectors.

While waiting for budget approval, authority to be given to commit up to 75 per cent of the estimated budget (under rule 110.6) priority to be given to mission critical items

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

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.

3. Also decides that priorities contained in the budget outline shall be in conformity with the priorities in the medium term plan

We also intend to attach high priority to education.

The priority of the G.21 is clear, and clearly we are not coinciding at the present moment.

(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.

But I like to get it out of the way so that I can figure out very clearly what number I should put here.

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

The Right Priorities for the G8

OF EXPERTS ON MARITIME LIENS AND MORTGAGES AND RELATED

Priority of the security right over the rights of competing claimants

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.

(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.

Of course, every organization would love to be on the top of such a list.

The problem seems to be how to prioritize those items.

This Commission drew up a list of areas of first priority.

In the inventory, priority should be given to positions of responsibility in the army, the police and the judiciary.

In that survey, priority consideration should be given to positions of responsibility in the army, the police and the judiciary.

Priority rules based on registration

Priority among several assignees

Property rights priority standards challenges

With regard to the order of listing priority issues, it was pointed out that peace and security should have been placed at the beginning and, although the list of priorities was not exhaustive, information activities on peacekeeping operations should have been included.

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.