Sean Scott

In net asset value (NAV) facilities, the borrowing capacity typically adjusts to reflect changes to the value of the underlying investment portfolio, and borrowers face the risk of potential borrowing base deficiencies or minimum net asset value/loan-to-value covenant breaches if the value of such assets sharply drops. These risks can become particularly pronounced during a financial downturn or in the event of a bankruptcy or other credit event relating to a borrower or an underlying portfolio asset. In either circumstance, the automatic stay can inhibit a borrower’s access to distribution proceeds, affecting its liquidity and ability to meet financial obligations. In this Legal Update, we discuss the purpose of the automatic stay, share options for relief from the stay, and offer recommendations for navigating the complications that the automatic stay can create for NAV facility lenders.

The Oxford Police Department responded Wednesday morning to Talawanda High School after a man with a megaphone showed up on school property and made inflammatory statements as students arrived.

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A teacher at Talawanda High School is facing criticism online after posting a video to her personal TikTok account asking Democratic men to identify themselves so that women know who the "safe men" are. SEAN SCOTT/OXFORD FREE PRESS

The Oxford Community Arts Center and other local organizations are once again preparing for the Chocolate Meltdown, one of the city’s biggest January events each year.

The Oxford Community Arts Center and other local organizations are once again preparing for the Chocolate Meltdown, one of the city's biggest January events each year.

ncoming students at Miami University could soon have the option to major in a field at the cutting edge of technology: quantum computing.