Betekenis van:
lower-ranking

Voorbeeldzinnen

1. non-lower-ranking creditors:
2. Lower-ranking land charge
3. lower-ranking creditors:
4. the non-lower-ranking creditors;
5. The non-lower-ranking groups PBS 3 and PBS 4 waived all their claims with effect from 15 July 2002.
6. The lower-ranking land charge of the Liegenschaftsfonds represents no security in an insolvency scenario where the banks’ first-ranking mortgage and right to separate satisfaction fully covered the value of the security.
7. By contrast, the unsecured suppliers in group PBS 5 relinquished 90 % of their claims like the other non-lower-ranking creditors in that group.
8. Similarly, the private creditor principle was respected with regard to the lower-ranking claims because all the public and private creditors concerned waived them.
9. The lower-ranking claims in group PBS 7 were cancelled by the insolvency plan in accordance with Article 225 of the Insolvency Statute.
10. Germany pointed out that in a liquidation scenario little or no payment would have resulted to public creditors, including the ones secured by a lower-ranking land charge.
11. All these groups comprised unsecured non-lower ranking claims, which were non-privileged and which would have received an equal share or nothing at all in the event of liquidation.
12. Due to the prohibition on appropriating reserves for the servicing of coupons for tier 1 and tier 2 instruments, the lower-ranking capital owners are also contributing to the restructuring of LBBW.
13. According to Germany, the assets of Herlitz AG and Herlitz PBS AG were only sufficient to cover the claims of creditors with a right to separate satisfaction. The public creditors outside this group had no securities or only a lower-ranking land charge.
14. Furthermore, it could not be deduced from an agreement on the junior-ranking nature of the assets that there was a lower risk for the investor, since the transferred capital represented an important part of the entire core capital, in some instances more than 50 %.