Secondly, in addition to obligations owed under the 2013 credit agreement, RadioShack was party to a $ 250 million term loan with a different set of lenders secured on a second priority basis by current assets and by a first priority lien on certain non-current assets. (abfjournal.com)
The HOAs and the collection industries dispute these arguments, saying an HOAs» super priority lien against foreclosed homes includes not only the six or nine months of assessments, but also interest, late fees, and the costs of collecting against the lien. (ypnlounge.blogs.realtor.org)
McNeal sought to strip off the second priority lien based on the grounds the primary lien exceeded the fair market value, and the junior lien was now wholly unsecured. (betterbankruptcy.com)