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Spot issues effortlessly

Is your firm spending valuable hours manually sifting through case law to find relevant issues? Spot every issue without sacrificing billable hours.

Opinion and order This action is brought by an an institutional lender against a prospective borrower charging the borrower with breach of a commitment letter agreement for a 14-year $76 million loan yielding 15.25%. Background Tribune contends that although the commitment letter was 
an undertaking to negotiate, it did not obligate either side to enter into a loan contract that was adverse to its interest. Pointing out that the commitment letter agreement left many terms open, that both sides had reserved the right of approval of satisfactory documentation, and that Tribune had furthermore made its obligation conditioned on the approval of its Board of Directors, it argues that it had no binding commitment to the loan agreement, especially if it found the terms adverse to its interests. Facts The following facts are drawn from the Plaintiff's Amended Complaint and are accepted as true for purposes of this motion: Plaintiffs were engaged by FLSA violations by a group of drywall installers against their employer, XYZ, a construction subcontractor. The Issue Spotter Nature of obligations arising from commitment letter agreement between Tribune and Teacher SEE ALSO Admissibility of extrinsic evidence to interpret or alter the written… SEE ALSO Overtime Wage Disputes The primary contested issue is as to the nature of the obligations that arose out of the commitment letter agreement:
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Fact Finder 1. On September 16th, Teachers Finance 
Committee met and approved the Tribune loan LIKEWISE At noon on January 6, 
Getty Oil held a 
telephone board meeting to discuss the Texaco offer. The board voted to withdraw its 
previous counter-
proposal to Pennzoil 
and unanimously voted 
to accept Texaco's 
offer. Note: The fu LIKEWISE Although the union sent its president, the company’s representative was an administrative assistant who had no decision-making authority. Likewise Analogous facts referenced in other cases Discussion 

Driver promptly called Smith, gave him the good news, and told him that Teachers would issue its commitment letter promptly. Tribune's Assistant Treasurer wrote to Driver, "We look forward to receiving *494 your commitment letter next week...." (DX 46.) Driver promptly undertook the drafting of Teacher's 
 On September 16th, Teachers Finance Committee met and approved the Tribune loan.
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Relevance Ranking Factors Similar 37 results Different 4 results Similar Citing opinions that reached a similar conclusion on relevant legal issues, in favor of a party similarly situated to the one in the cited opinion Relevance Ranking Factors Similar 16 results Different 1 results Different Citing opinions that reached a different conclusion on relevant legal issues, favoring a party situated differently from the one in the cited opinion

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