It is not our claim that the acquiescence effect will always lead to exact implementation of the absolute priority
rule whenever substantial junior ownership of stock increases the expected value of the reorganized firm.
This Article uses relative priority, an entirely different priority system that flourished until the late 1930s, to show that using absolute priority
even as a point of departure is suspect.
The rub is that such settlements arguably violate the Section 507 payment priority scheme and the absolute priority
rule because the class of unsecured creditors receives a distribution while creditor classes with higher priority receive little or no distribution, certainly not payment in full.
An Amazon spokesman said: "The safety of the public, our customers, employees and partners is an absolute priority
A Bank Holiday Monday alone, never mind the additional visitors from the Tall Ships event would put the need for regular street cleaning and emptying of bins to be an absolute priority
The security of citizens is the absolute priority
," organizers of the March Against Fear said in a Saturday statement.
An absolute priority
is to ensure that our decisions respect both EU and international law.
Since the report, officers have worked around the clock to find the woman as her safety was our absolute priority
Today we are most in need of making the fight against terrorism an absolute priority
, which means perseverance on coordination and cooperation between all nations to drain its resources," Hussein Abassi, head of the Tunisian General Labour Union (UGTT) and member of the quartet honored, said in a speech after receiving the award.
AS MUCH as I'm disappointed by our early exit from the FA Cup, there's no getting away from the fact that winning promotion from the National League is our absolute priority
The store, in Leigh-on-Sea, Essex, said: "Safety is our absolute priority
an absolute priority
for the Catholic Church in Scotland.
A unified effort to get aid to all victims is an absolute priority
The children's and family cabinet member added: "Child protection and the improvement of our children's services is our absolute priority
and expanding the pool from which we are able to recruit frontline social workers is vital.
It's about maintenance rather than trying to fix anything hugely wrong, therefore they both were happy and their daughter, Blue Ivy, remains their absolute priority