Phoenix Leasing Incorporated v. Sure Broadcasting, Inc.

89 F.3d 846 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. PHOENIX LEASING INCORPORATED, Plaintiff-Appellee, v. SURE BROADCASTING, INC., Defendant-Appellant. Nos. 94-15594, 95-16204. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 12, 1996. Decided May 1, 1996. Before: CHOY, BEEZER and HAWKINS, Circuit Judges. 1 MEMORANDUM * 2 Phoenix Leasing Incorporated sued Sure Broadcasting, Inc. to collect a secured debt. Pursuant to the Security Agreement between the parties, the district court ordered the appointment of a receiver. Sure appeals issues related to the receivership as well as summary judgment in favor of Phoenix. 3 We have jurisdiction pursuant to 28 U.S.C. §§ 1291 and 1292, and we affirm. 4 * Sure operated two radio stations, KZSR of Reno, Nevada, and KHXS of Abilene, Texas. Phoenix and Sure entered into a loan agreement under which Phoenix agreed to advance Sure up to $1,250,000. In return, Sure granted Phoenix a security interest…