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.
Such committees oversee the library of congress and conduct investigations Seniority rule- a legislative practice that assigns the chair of a committee or subcommittee to the member of the majority party with the longest continuous service on the committee Conference committee- committee appointed by the presiding officers of each chamber to adjust differences on a particular bill passed by each in different form Delegate- an official who is expected to represent the views of his or her ...