Tax Credit Film Financing of the Motion Picture entitled "Lay the Favorite"

Representation of a film finance company in connection with the financing of a film production based in the Southeastern United States. The financing required the negotiation of, among other things: (i) loan documents, including a secured promissory note issued by the film production company; (ii) an interparty agreement and collection account management agreement with U.S. and foreign film financiers to the production; and (iii) a completion guaranty with the film's completion guarantor. The promissory note issued to the finance company was secured by a first lien on, and security interest in, all film tax credits earned by the production company as well as a subordinated security interest in all of the production company's and its affiliate's assets, including, but not limited to, the copyright to the film.