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The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... According to Hoque, “liability management transactions can introduce priority or pari passu debt at the top of the capital structure to help stressed borrowers that may otherwise not be able to afford the borrowing costs associated with second lien or unsecured debt.” Under current difficult economic climate, it is likely to be difficult to find creditors who will take on second or third positions. ... "
" ... I will briefly touch upon Blixseth's final argument, which was that the lenders were in pari delicto, i.e., the lenders themselves engaged in egregious activity in foreclosing on the Yellowstone Club, such that their claims should be dismissed. ... "
" ... There are differences in the persistent use of Libor and the ongoing use of pari passu clauses in sovereign debt agreements. Libor’s pervasiveness facilitates efficiencies within and across organizations, the small amount of credit risk embedded in the rate makes it bank-friendly during periods of systemic distress, and it is institutionally embedded in ways that heighten the cost of shifting to a more robust alternative. Yet there are also important similarities. The foundations underlying Libor have long been shaky and suspect; yet bankers and lawyers just kept using it, and without adequate safeguards. ... "
" ... Was PwC to blame? The accounting firm declined to comment, but in court filings it asserts several defenses including in pari delicto, a doctrine that can be summed up as: “no court should serve as a referee among thieves.” Even if PwC’s advice was flawed, the accounting firm argues, MF Global’s own accountants approved the strategy and MF Global executives implemented it. ... "