Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ca5-03-50732/USCOURTS-ca5-03-50732-0/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 

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*Pursuant to 5TH CIR. R. 47.5, the Court has determined that this opinion should not be published and is not

precedent except under the limited circumstances set forth in 5TH CIR. R. 47.5.4.

United States Court of Appeals

Fifth Circuit

F I L E D

February 6, 2004

Charles R. Fulbruge III

Clerk

IN THE UNITED STATES COURT OF APPEALS

FOR THE FIFTH CIRCUIT

______________________

No. 03-50732

_______________________

DRESNER INVESTMENT SERVICES, INC.

Plaintiff-Appellee,

versus

AGILITY CAPITAL, INC. F/K/A

AUTOBOND ACCEPTANCE CORPORATION

 Defendant-Appellant.

_________________________________________

Appeal from the United States District Court

for the Western District of Texas

________________________________________

Before BENAVIDES, STEWART, and DENNIS Circuit Judges.

PER CURIAM:*

Defendant-Appellant, AgilityCapital, Inc. (“Agility”) appealsthe decisionofthe district court

granting Plaintiff-Appellee, Dresner Investment Services, Inc.’s (“Dresner”) motion for summary

judgment. The district court held that the language in a disputed financial advisor agreement

(“Agreement”) required Agility to pay Dresner a fee for its assistance in securing Agility a $20 million

equity line of credit (“Equity Line”) at the time the Equity Line was secured rather than when Agility

 Case: 03-50732 Document: 00511744 Page: 1 Date Filed: 02/06/2004
2

actually drew funds from it. 

The parties agree that the Agreement is unambiguous. Based on our de novo review of the

district court’s summary judgment decision, the Agreement, and the applicable law, we affirm the

district court’s grant ofsummary judgment in favor of Dresner for essentially the reasons enunciated

by the district court. Fed. R. Civ. P. 56 (e); Little v. Liquid Air, Corp., 37 F.3d 1069, 1075 (5th Cir.

1994) (en banc); Instone TravelTechMarine &Offshore v. InternationalShipping Partners, Inc., 334

F.3d 423, 428 (5th Cir. 2003). 

AFFIRMED.

 Case: 03-50732 Document: 00511744 Page: 2 Date Filed: 02/06/2004