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In America DIP lenders get "super-priority" over all other claims, and may even undermine collateral held by secured lenders if certain legal criteria are met.
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"It's a fact that if you undermine the value of the collateral by allowing cram-downs, you make the loans riskier and banks will price that risk accordingly by rates going up".
The collateral damage would undermine the security and functionality of the Internet.
Still, Mr. Yunus's troubles will deepen what has become a global crisis in microfinance that threatens to undermine the very concept — small loans to poor people without collateral — on which his reputation rests.
To undermine this undermines our parliamentary democracy.
— undermine the message.
Cronyism will inevitably undermine efficiency.
Bleak prospects undermine its policymaking.
Without it, you undermine growth".
That raises the alarming prospect of collateral damage to an innocent bystander's systems: imagine the possible consequences if the unwitting host of a battle between hackers and counter-hackers were a hospital's computer.Endorsing the idea of hacking back would also undermine current diplomatic efforts to get China and Russia to rein in their hordes of unofficial hackers.
They undermine our autonomy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com