seniority

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seniority

Vox populi The length of time spent in a department, company or other organization, which usually forms the basis for ↑ privileges, salary, responsibility
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In sum, the potential illiquidity of junior claimants is the only important reason why the dilution mechanism might fail to implement the absolute priority rules.
The absolute priority rule is the organizing principle of the modern law of corporate reorganizations.
Apart from highways and fiscal stability, we now have our new absolute priority called energy efficiency," Bulgaria's head of state announced.
Surely the absolute priority is for children to firstly acquire a good grounding in the English language and be able to speak it properly?
Whereas the Commission had foreseen giving freight trains absolute priority over passenger trains in cases of traffic disruption, MEPs opted for a more flexible system that leaves the final decision to a governance body (to be created).
3) One area of confusion has been the absolute priority rule in section 1129 (4) of the U.
An international agreement is our absolute priority.
We make it clear to all of our employees, starting at orientation and continuing throughout their employment at Tufco, that our absolute priority is safety excellence.
An SFA spokesman said: "We are monitoring the situation closely and the safety of our fans always has absolute priority.
MEPs also feel that incentives must under no circumstances lead to the replacement of sustainable local food production and that the promotion of domestic production should be an absolute priority.
Attorneys from the US explain attorney employment and compensation, cash and hotel collateral, relief from stay, postpetition financing, executory contracts, creditor strategies, asset sales, income tax implications, valuation of property, special bankruptcy rights, disclosure statement strategies, reorganization plans, absolute priority and new value, postconfirmation, out-of-court workouts, sole proprietorships, partnerships, retirement and pension, jurisdiction, venue, appeals, and proposed amendments to the bankruptcy code.
Traffic and parking are an absolute priority,'' said Phil Tucker, director of operations at California Speedway.