The Packaging Systems decision is an important lesson for post-petition lenders. First, the decision highlights the risks inherent in obtaining a Section 364(c)(1) super-priority claim given the ever-present risk that the case is later converted to a Chapter 7.
From Government in America: Until the 1970s, committee chairs were always selected through the seniority system; under this system, the member of the majority party with the longest tenure on the committee would automatically be selected.
Chairs have a back and four legs. He rose from his chair and walked to the window. 2 n-count At a university, a chair is the post of professor. He has been appointed to the chair of sociology at Southampton University... 3 n-count The person who is the chairof a committee or meeting is the person in charge of it. She is the chair of the Defense Advisory Committee on Women in the Military. 4 verb If you chair a meeting or a committee, you are the person in charge of it. He was about to chair a meeting in Venice of EU foreign ministers... V n. 5 n-sing The chair is the same as the electric chair. chair lift ( chair lifts plural ) , chairlift A chair lift is a line of chairs that hang from a moving cable and carry people up and down a mountain or ski slope. easy chair ( easy chairs plural ) An easy chair is a large, comfortable padded chair.