Examples of Priority of Claims in a sentence
The Trustee will apply the proceeds of enforcement of the Security in satisfaction of the claims of the groups of Secured Parties, pari passu and rateably as between members of each group, in accordance with the specified Priority of Claims.
Weiss, Bankruptcy Resolution: Direct Costs and Violation of Priority of Claims, 27 J.
Any Shortfall will be borne by the Secured Parties according to the Priority of Claims.
On June 18, 2021, the Receiver filed his Unopposed Motion to Approve Determination and Priority of Claims; (ii) Pool Receivership Assets and Liabilities; (iii) Establish Objection Procedure; and (iv) Approve Plan of Distribution (the “Claims Approval Motion”) (Doc.
Priority of Claims: The relative priority of claims of the Securityholders of eachSeries and the Counterparty will be "Securityholder Priority Basis", "Pari Passu Basis" or "Counterparty Priority Basis", as specified in the relevant Issue Terms.