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. Lower-ranking creditors (private or public)
6. The public creditors outside this group had no securities or only a lower-ranking land charge.
7. lower-ranking creditors unless their claims are deemed to be waived.
8. group HAG 2: other non-lower-ranking creditors not belonging to group HAG 1,
9. Furthermore, EUR 0,5 million was distributed as a quota to some non-lower ranking creditors of Herlitz AG, while some non-lower ranking creditors of Herlitz PBS AG received 10 % of their claims as a quota.
10. Despite this fact, the non-lower-ranking claims within groups HAG 3 and PBS 3 were waived completely, while the non-lower-ranking creditors in groups HAG 2 and PBS 5 received a proportional share of payment.
11. The non-lower-ranking groups PBS 3 and PBS 4 waived all their claims with effect from 15 July 2002.
12. Nevertheless, this land charge was lower-ranking to the land charge registered for banks on the same emphyteusis right.
13. Moreover, the partial security would seem to be adequate, considering the lower ranking of the IBG Fund silent participations.
14. 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.
15. Under Polish law, the rule that a lower mortgage ranking is automatically changed to a higher ranking is enshrined in Article 12 of the Land Register and Mortgages Act, Journal of Laws No 19, item 147.