Urban Communicators PCS Limited Partnership v. Gabriel Capital, LP

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that “actual sale price” paid by buyer in section 363 sale was proper measure of value under section 506(a)
• finding that the bankruptcy court erred in equitably reducing the award of interest from the contractual default rate of 38% down to 25%
• reversing bankruptcy court and upholding 24 percent default rate, in part because the rate was enforceable under New York’s usury statute
• acknowledging the MLQ court’s conclusion .that “the licensee’s rights in the license proceeds includ[e] a limited right to pledge those proceeds as collateral”
• directing bankruptcy court to reduce default interest so unsecured creditors could recover in full
• collecting cases holding that Ruskin remains binding in the Second Circuit

Source: CourtListener parenthetical corpus (CC0).