ELFA Online Legal Catalogue

A Message to ELFA Members

Tue, 04 Aug 2009 16:15:16 GMT

Bentsen to leave ELFA for SIFMA, Petta to serve as Interim President

OFC Capital v. AT Publishing, Inc., 2008 WL 4962942 (U.S.Ct.App. 9th Cir. Nov. 20, 2008) (not for publication in Federal Reporter; not precedent except as provided by Ninth Circuit rules)

Tue, 04 Aug 2009 16:15:16 GMT

Ability to Collect Rentals Under Article 2A Finance Leases or Leases with “Hell or High Water” and/or Waiver of Defenses Provisions After a District Court in Alaska had ruled in favor of the lessor, holding among other things that a finance lessor has no obligation to provide conforming equipment and that the lessee had no right to revoke acceptance, the Ninth Circuit affirms.

Fieldtech Avionics & Instruments, Inc. v. Component Control.Com, Inc., 262 S.W.3d 813 (Tex.App. 2008) *

Tue, 04 Aug 2009 16:15:16 GMT

Ability to Collect Rentals Under Article 2A Finance Leases or Leases with “Hell or High Water” and/or Waiver of Defenses Provisions On the surface, the part of this case deciding the dispute between the lessor and lessee (lessee claims against a vendor were also being decided) seems to be a straightforward application of Article 2A statutory finance lease rules; however, it does not appear that the transaction qualifies for such treatment.

The People ex rel. The Board of Trustees of Chicago State University v. Siemens Building Technologies, Inc., 900 N.E.2d 414 (Ill.App. 2008) *

Tue, 04 Aug 2009 16:15:16 GMT

Ability to Collect Rentals Under Article 2A Finance Leases or Leases with “Hell or High Water” and/or Waiver of Defenses Provisions While this case focuses more on the interpretation of a particular state statute – the Illinois Public University Energy Conservation Act – than on leasing law generally, it may be of interest to those contemplating financing for public entities.

OFC Capital v. AT Publishing, Inc., 2008 WL 4962942 (U.S.Ct.App. 9th Cir. Nov. 20, 2008) (not for publication in Federal Reporter; not precedent except as provided by Ninth Circuit rules) *

Tue, 04 Aug 2009 16:15:16 GMT

High Water” and/or Waiver of Defenses Provisions After a District Court in Alaska had ruled in favor of the lessor, holding among other things that a finance lessor has no obligation to provide conforming equipment and that the lessee had no right to revoke acceptance, the Ninth Circuit affirms.