Sentences with phrase «over the dip lenders»
They asserted that their claim had priority over the DIP lenders because the unfunded pension liabilities created a statutory deemed trust under the PBA; and
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However, the SCC overturned the Ontario Court of Appeal in its finding of the priority of the deemed trust, unanimously maintaining that the deemed trust would not be granted super-priority over the DIP lenders.
Not exact matches
And the lender's net income for 2016 reached a record $ 270 million, up 48 percent over 2015 (though its non-interest income dipped 2.5 percent year - over-year).