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.
Students may suggest several correct rules for determining the number of chairs. One student may realize that there are two chairs on the sides of each table, as well as an additional chair on each end, leading to the rule c = (2 Ã t) + 2. This is shown in the first diagram below.