Sentence examples for priority of payment from inspiring English sources

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

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.

All NIH grant applications were now subject to a dual review system, which introduced a "technical review by a study section, to establish scientific merit, and summary review by an [institutional] Advisory Council, to establish priority of payment," explains Mandel.

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

The next year the new federal bankruptcy act gave derivatives priority for payment.

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

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.

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.

The football creditor rule – in American parlance, this would be the "soccer creditor rule" – is essentially a contractual provision which provides that any football club that becomes insolvent will loose its right to membership in the league unless it provides for priority payment of insider claims in its bankruptcy case.

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