Sentence examples for senior creditor from inspiring English sources

3) Seniority -- the ECB will be treated alongside other bond holders, rather than being the most senior creditor.

The buyout firm also questioned whether Mr. Icahn would seek to push Dynegy into bankruptcy should it accept his loan offer, since doing so would propel the investor into a senior creditor position.

The E.C.B. will not set a limit on how much it buys and will not insist on senior creditor status, which means being paid ahead of others in the event of a restructuring.

"This is quite a significant step to impose losses on any sort of senior bank creditor," said Alastair Wilson, chief credit officer at Moody's Investors Service, who views depositors as a type of senior creditor.

For instance, it could make the central bank a senior creditor over other bond buyers, who would then be at greater risk if a government defaulted on its bonds.

Although Greece is one of the fund's biggest borrowers, the exposure is relatively modest within the context of its resources - and more importantly, as the most senior creditor, it would be the first to be paid back.

It was also the argument against forcing losses on the senior creditors of Ireland's banks.

From 2016, senior creditors and even large depositors would have to chip in, further insulating taxpayers.

WaMu's senior creditors took a hit, but Wachovia's were spared.

The most senior creditors are always paid first, because they hold the reorganization rights initially.

The debt-laden broker sold itself to its senior creditors in February in a rescue deal.