Sentence examples for in priority of payment from inspiring English sources

Lenders and debtors shared a common understanding: In spite of strained debtor-country budgets, all renegotiated external indebtedness would be treated equally in priority of payment.

The pari passu clause and the fundamental principle of equal payment were understood then and have now been reaffirmed again to mean that debtors cannot discriminate in priority of payment to creditors holding comparable classes of debt.

The pari passu clause served as a common denominator that assured equal priority of payment to all creditors of a similar debt class.

The priority of your payments should depend upon the age, status, and ownership of your debts.

Mr. Migliori, the lawyer for victims' survivors, said he believed that the claimants with property-damage claims — including Mr. Silverstein and some insurance companies trying to recoup their payments — would allow the death and injury cases to get priority in payment of damages.

The British-trained economist said: "Our top priority remains payment of salaries and pensions.

This in turn determines levels of payment to the practices.

Firstly, it consists in the statement of cessation of payment.

This was in the context of a region where almost all the countries had run large deficits that led to balance-of-payments crises and high inflation.... 2) Reordering public expenditure priorities.

Putting more bells and whistles on the system of payment is hardly the No. 1 priority right now.

In most states, some bonds are considered the first priority for payment, or a very high priority, even before ordinary services.