Examples of Preferential debts in a sentence
Preferential debts of the insolvency assets can also be settled from the proceeds of secured assets, if the creditor proves that its claims results from a performance during the reorganisationproceedings which allowed the preservation of the secured assets.
Preferential debts are expressly subordinate to insurance claims against the assets representing the technical provisions of the Issuer pursuant to Part 18 of the 2015 Regulations which are discussed at 2B(i) above.
Preferential debts of the Issuer will therefore have priority over unsecured debts including the debt due on the Notes.
Preferential debts include specified amounts owing to employees, the Inland Revenue Department and certain lien holders.
A Type 2 Integrated ROW Pole should only be located where an existing Pole can be removed and replaced, or at a new location where it has been identified that a streetlight is necessary.