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RESOLUTION TRUST CORP. v. FORD MOTOR CREDIT CORP.

No. 93-8906.

30 F.3d 1384 (1994)

RESOLUTION TRUST CORPORATION, as Receiver for Fulton Federal Savings and Loan Association, Plaintiff, Counter-defendant, Appellee, v. FORD MOTOR CREDIT CORPORATION, United States Leasing International, Inc., and United States Leasing Corporation, Defendants, Counter-claimants, Appellants.

United States Court of Appeals, Eleventh Circuit.

Rehearing Denied October 14, 1994.

Attorney(s) appearing for the Case

Stephen H. Block, Atlanta, GA, for appellants.

George Patrick Watson and Christopher Paul Galanek, Powell, Goldstein, Frazer & Murphy, Atlanta, GA, for appellee.

Before ANDERSON and BIRCH, Circuit Judges, and ALBRITTON, District Judge.

ANDERSON, Circuit Judge:

This case involves the interpretation and application of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) regarding the termination of a lease. Under the agreement here at issue, Fulton Federal Savings and Loan Association ("Fulton") leased various computer equipment from Burroughs Financing Corporation.1 To secure Fulton's obligations under the original master lease and additional lease...

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