Sentence examples for creditors interest from inspiring English sources
The sovereign debtor's interest was to regain access to international capital markets, while the creditors' interest was to receive a predictable and sustainable repayment flow.
Treasury Secretary Jacob J. Lew informed Congress this week that without that increase by mid-October, the nation might be unable to pay existing obligations, including Social Security benefits, troops' pay and creditors' interest payments — ultimately risking default.
As the actions taken by the second lien creditors did not directly pertain to the senior creditors' interest in shared collateral or any right "very clearly precluded or constrained" by the ICA, the Court refused to find the existence of contractual breach.
The taxation of the creditors' interest income has no impact on the creditors' calculus in (3) and is, therefore, neglected.
An insolvency administrator replaces the manager of an insolvent firm to devise and organize a liquidation or reorganization plan in the creditors' interest.
For instance, in New Zealand, the fees or expenses associated with the liquidation itself must be paid followed by employee salaries, debts with creditors, interest associated with the debt and distributing moneys owed to shareholders.
Some critics believe a more receptive response to the US Airways bid would have been in creditors' interests.
A long-awaited draft is still in the works, and even that is more about closing down enterprises than about looking after creditors' interests.
Meanwhile, there are concerns that Mr. Kimoto, a former banker at Olympus's main lender, Sumitomo Mitsui Banking, will put creditors' interests above that of shareholders.
And with creditors' interests still locked in slow administration processes, and behind tight capital control walls, Gunnlaugsson believes he has a strong hand to play.
"The administrator has to look after all creditors' interests according to a strict hierarchy set out in the law, and unfortunately customers are just one of a number of creditors that a retailer has," Tate says.
