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DTSTART;TZID=America/Los_Angeles:20240502T110000
DTEND;TZID=America/Los_Angeles:20240502T110000
DTSTAMP:20260423T200224
CREATED:20240318T185819Z
LAST-MODIFIED:20240424T190604Z
UID:2452-1714647600-1714647600@www.btesto.com
SUMMARY:NOTICE OF PUBLIC DISPOSITION - ASSETS OF AMERICAN TITANIUM WORKS LLC
DESCRIPTION:NOTICE OF PUBLIC DISPOSITION OF ASSETS OF AMERICAN TITANIUM WORKS LLC \nNOTICE IS HEREBY GIVEN that Tronox LLC\, as a secured party (on behalf of itself and its affiliates\, successors\, and assigns\, individually or collectively\, the “Secured Party”)\, will sell the assets of American Titanium Works LLC\, a Delaware limited liability company (the “Debtor”)\, to the highest or otherwise best qualified bidder(s) at a public disposition to be conducted at 11:00 A.M. PDT\, May 2nd\, 2024 (the “Sale”).  The Secured Party shall conduct the Sale in accordance with Article 9-610 and other applicable provisions of the Uniform Commercial Code (the “UCC”) and the Transaction Documents (as defined below) and will conduct the Sale via Zoom through the offices of: \nBrian Testo Associates\, LLC\n4035 East Thousand Oaks Blvd. Suite 105\nWestlake Village\, CA 91362. \nPre-qualified bidders may participate in the online Sale. Contact Brian Testo for more details. \nAuctioneer\nBrian Testo\nBrian Testo Associates\, LLC\nPhone: 818.592.6592\nCell: 818-312-1699\nEmail: brian@btesto.com \nPursuant to (i) that certain Loan Agreement dated as of August 15\, 2018 by and between Secured Party and Debtor (the “Loan Agreement”)\, (ii) that certain Promissory Note in the original principal amount of $9\,500\,000 dated as of August 15\, 2018 issued by Debtor in favor of Secured Party (the “Note”)\, (iii) that certain Intellectual Property Security Agreement dated as of August 15\, 2018 by and between Secured Party and Debtor (the “Security Agreement”)\, and (iv) that certain Forbearance Agreement dated as of September 16\, 2022 by and between Secured Party and Debtor (the “Forbearance Agreement”\, and together with the Loan Agreement\, the Note\, the Security Agreement and all other documents or instruments evidencing and/or securing the Debtor’s obligations to the Secured Party thereunder\, as amended\, supplemented\, renewed\, reaffirmed\, or otherwise modified at any time\, and from time to time\, collectively being the “Transactions Documents”)\, the Debtor granted the Secured Party a security interest in substantially all of the Debtor’s assets\, as described on Exhibit A attached hereto (the “Sale Assets”). The Debtor is in default of its obligations under the Transaction Documents\, as set forth in that certain Notice of Default dated February 12\, 2024. The Debtor is in default of its obligations under the Transactions Documents. In total\, the Debtor owes not less than $14\,324\,843 plus additional interest and collection costs\, including attorneys’ fees. Upon request\, the Secured Party will work to provide potential bidders with additional information and/or inspection rights regarding the Sale Assets. \nTERMS OF SALE: The Secured Party shall\, in its sole discretion\, sell the Sale Assets in a single lot or in multiple lots\, by way of one or more contracts\, and on such terms and conditions as are agreed upon between the Secured Party and any purchaser of the Sale Assets\, subject to the Secured Party’s security interests and any other valid liens or security interests in existence. \nAny party wishing to bid on the Sale Assets at the Sale should pre-register at www.btesto.com before 11:00 A.M. PDT\, on May 2nd\, 2024\, to ensure any applicable pre-qualification criteria are met. A party may be required to prequalify as a bidder by delivering\, if requested\, proof (satisfactory to the Secured Party) of such party’s financial ability to consummate a sale of the Sale Assets to counsel for Secured Party at the address listed below or via email to brian@btesto.com before 11:00 A.M. PDT\, on May 2nd\, 2024. Each prevailing bidder must pay the entire purchase price for its successful bid by wire transfer\, certified check\, or cashier’s check payable to the Secured Party within three (3) business days after the Secured Party’s acceptance of such prevailing bidder’s bid. The Sale Assets will not be transferred until the entire purchase price is paid. \nIf any prevailing bidder defaults on payment of the purchase price for any of the Sale Assets\, the party that submitted the next highest bid for such Sale Assets shall automatically be deemed to have submitted the prevailing bid\, and the Secured Party may\, at their option\, consummate the sale of such Sale Assets to such bidder. \nThe Secured Party reserves the right to: (a) submit a “credit bid” for any or all of the Sale Assets; (b) adjourn or cancel the Sale without notice; (c) alter the bidding\, auction\, or payment procedures for the Sale; (d) abandon or elect not to dispose of certain Sale Assets; and/or (e) reject any and all bids. If the Secured Party accepts bid(s) for any Sale Assets\, the Secured Party will provide the prevailing bidder(s) with a bill of sale for such Sale Assets with no representations or warranties of any kind or nature whatsoever. At the time of the Sale\, the Secured Party may announce additional disclosures and disclaimers regarding the Sale Assets and additional or alternative terms\, conditions\, and procedures related to the Sale. \nThe Secured Party expects to publish notice of its intent to conduct the Sale in advance of the Sale date. \nBy selling and purchasing the Sale Assets pursuant to the Sale\, neither the Secured Party nor any purchaser of the Sale Assets shall assume any liability or obligation whatsoever regarding any debts\, expenses\, or liabilities of the Debtor or any other person or entity\, and all such debts\, expenses\, and liabilities shall not be assumed or deemed to be assumed by the Secured Party or any purchaser. Neither the Secured Party nor any purchaser shall be\, or shall be deemed to be\, a “successor” of or to the Debtor or any other person or entity for any purpose. \nExcept to the extent that such right is waived\, and in accordance with Section 9-623 of the UCC\, the Debtor\, any secondary obligor\, or any other secured party or lienholder has a right to redeem the Sale Assets at any time before the Secured Party has disposed of the Sale Assets or has entered into a contract for the disposition of the Sale Assets by tendering fulfillment of all obligations secured by the Sale Assets as well as any expenses reasonably incurred by the Secured Party in retaking\, holding\, and preparing the Sale Assets for disposition\, in arranging for the Sale\, and\, to the extent provided in the Transaction Documents and not prohibited by law\, the Secured Party’s reasonable attorneys’ fees and legal expenses. \nThe Sale referenced herein is not intended to be\, nor shall it be deemed to be\, a “strict foreclosure” or “acceptance of collateral in full or partial satisfaction of obligation” as set forth in Section 9-620 of the UCC. \nAll sales of the Sale Assets will be final and made on an “AS IS\, WHERE IS”\, “WITH ALL FAULTS” basis\, and will be made WITHOUT WARRANTY\, EXPRESSED OR IMPLIED\, AS TO ANY MATTER WHATSOEVER\, INCLUDING TITLE\, POSSESSION\, QUIET ENJOYMENT\, THE LOCATION OF OR ACCESS TO THE SALE ASSETS\, THE QUALITY\, CONTENT\, OR CONDITION OF THE SALE ASSETS\, AND WITHOUT ANY RIGHT OF SET-OFF OR RECOUPMENT; ADDITIONALLY\, THERE ARE NO WARRANTIES\, EXPRESS OR IMPLIED\, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR AS TO ANY OTHER MATTER.\nOTHER INQUIRIES: The Debtor is entitled to an accounting of the unpaid indebtedness secured by the Sale Assets. The Debtor may request such an accounting (and interested parties may request additional information regarding the Sale or the Sale Assets) by contacting counsel for the Secured Party. \nJoseph C. Barsalona II\nPashman Stein Walder Hayden\, P.C. 1007 North Orange Street\n4th Floor #183\,\nWilmington\, DE 19801\n(302) 592-6497\njbarsalona@pashmanstein.com \n  \nExhibit A\nSale Assets\nAll tangible and intangible assets of Debtor\, including any rights in any jurisdiction in\, to\, under or deriving from any of the following (including any improvements thereto or goodwill associated therewith): (a) trademarks\, service marks\, trade names\, service names\, certification marks\, trade dress\, brands\, logos\, corporate names\, domain names and slogans (including any and all registrations\, renewals and applications in connection therewith)\, (b) unregistered copyrights\, registered copyrights and applications therefor and all other rights associated with the foregoing and underlying works of authorship\, (c) patents\, patent applications\, continuations-in-part\, reissues\, reexaminations and/or extensions thereof and (d) other proprietary or confidential technology\, inventions (whether or not patentable and whether or not reduced to practice)\, processes\, formulas\, techniques\, technical skills\, expertise and capabilities\, trade secrets\, technical and business data and other information\, know-how\, discoveries\, designs\, drawings\, sketches\, illustrations\, schematics\, blueprints\, models\, prototypes\, permits\, plans\, domain names\, software and firmware\, data and any related general intangible or documentation. \n 
URL:https://www.btesto.com/auction-liquidation/notice-of-public-disposition-of-assets-of-american-titanium-works-llc/
LOCATION:ZOOM ONLY\, United States
ORGANIZER;CN="Brian Testo Associates%2C LLC.":MAILTO:brian@btesto.com
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DTSTART;TZID=America/Los_Angeles:20240515T110000
DTEND;TZID=America/Los_Angeles:20240515T130000
DTSTAMP:20260423T200224
CREATED:20240418T170113Z
LAST-MODIFIED:20240511T004453Z
UID:2466-1715770800-1715778000@www.btesto.com
SUMMARY:NOTICE OF PUBLIC AUCTION OF CERTAIN PERSONAL PROPERTY - GLOBE THEATER
DESCRIPTION:NOTICE OF PUBLIC AUCTION SALE OF CERTAIN PERSONAL PROPERTY  \nTIME AND DATE OF AUCTION \nNOTICE IS HEREBY GIVEN of a public online auction sale of personal property that will be held at 11 am PST on May 15\, 2024. The public auction sale will be conducted online via a Zoom conference call arranged by Brian Testo Associates\, LLC (“Auctioneer”).  \nPROPERTY TO BE SOLD \nThe property offered for sale at the above public auction sale is personal property owned or held by CHOL ENTERPRISES INC.\, a California Corporation (‘CHOL”) located within the Globe Theater 740 South Broadway\, Los Angeles\, CA  90014 (the “Premises”) after CHOL vacated the Premises (“Personal Property”). The Personal Property will be sold at the public auction sale in ONE LOT to the highest  Bidder and includes\, Stage barriers\, POS stations\, Audio equipment\, Audio speakers\, Bass cabinets\, Lighting controllers\, Lighting movers\, Lighting strobes\,  Lighting rolling blades\, Lighting blinders\, Lighting sunstrips\, Lighting lasers\, Smoke machines\, Snow machines\, Bubble Machines\, Streamers launchers\, Confetti machines\, Cold firework\, Fireflamme\, Confetti mini blaster\, Confetti\, Streamers\, Walkie Talkies\, ID Scanners\,  Metal detectors\, LED Video High-resolution panels\, Truss & ringing\, Video cables and controllers\, Misc. electrical and audio-visual cables\, Disco balls\, CO2 Tanks\, Stage platforms\, Misc. Tools and equipment\,  Shelves\, Leather couches\, and other misc. furniture\, Tables\, Folding chairs\, Bar stools\, Face chair\, Ice makers\, Freezers\,  Refrigerators\, Washer and dryer\, Misc. hot dog and nachos and popcorn machines\, Electric fans\, TV. An inventory of the Personal Property to be sold is on file with the Auctioneer and may be obtained on request via email to brian@testo.com by no later than 8 am PST on May 15\, 2024.   \nINSPECTION \nThe Personal Property offered for sale may be inspected on May 12th from 10 am to 3 pm PST only at the Premises. Appointment Required\n \nREQUIREMENTS TO BID  \nTo attend or bid at the public auction sale\, you must register before 11 am PST on May 14\, 2024\, with the Auctioneer Brian Testo (who may be contacted by phone at 818-592-6592 x 101 and via email at brian@btesto.com).  Registration forms are available on the Auctioneer’s website at www.btesto.com. To register as a bidder you must provide your full name\, address\, and contact numbers\, by driver’s license or picture identification upon request\, when registering.  \nAUTHORITIES  \nNOTICE IS HEREBY FURTHER GIVEN that the above public auction sale will be held pursuant to Code of Civil Procedure Section 1174(e) – (m); Civil Code Section 1990(a)-(c); Civil Code Section 1993 et. Seq.; Commercial Code Sections 9601\, 9609(a) and 9613; and Code of Civil Procedure Section 697.510(a) et. Seq.\, at the request of 740 BROADWAY LLC\, a California Limited liability company (“740”.).  740 reserves all rights against CHOL and all other obligors and guarantors for all obligations of every kind and nature as well as deficiencies with respect to any amounts owed to 740  whether arising before or after the public auction sale. 740 will apply the net proceeds received from the sale of the Personal Property\, first towards the expenses of sale\,  next to the costs of storage\, and then to that certain judgment lien in the matter of 740 v. Chol\, Superior Court of California\, County of Los Angeles Case No. 22STCV01203.  As of April 17\, 2024\, the amount currently due per 740 to satisfy in full the costs of storage and the judgment lien\, is not less than  $396\,461.87 plus the estimated costs\, expenses\, and advances of the public auction sale\, or such other sum as may be determined by a Court of competent jurisdiction. \nADDITIONAL INFORMATION  AND ADDITIONAL TERMS OF SALE \nThe above-noticed public auction sale is to be held without covenant or warranty as to possession\, title\, quiet enjoyment financing\, encumbrances\, or otherwise on an “AS-IS”\, “WHERE-IS” and  “WITHOUT WARRANTY OR REPRESENTATION” basis. No descriptions set forth above or on supplemental materials\, nor on any inventory\, nor any oral statements made by anyone on behalf of 740 shall be construed as a warranty either express or implied. The Personal Property sold must be paid for and removed from the Premises by the successful Bidder by no later than 5 pm on May 19\, 2024. Removal shall be at the expense\, risk\, and liability of the successful Bidder. \n740 reserves the right to cancel the sale in its entirety or to adjourn the sale to a future date by announcement made at the time and place scheduled for the public sale. \nThe bid amounts are exclusive of transfer and sales taxes\, which each Bidder covenants to pay if such  Bidder is the successful Bidder. The amount of transfer or sales tax shall be computed by the Auctioneer and provided to the successful Bidder on an invoice by email. \nIf the successful Bidder does not wish to retain any of the Personal Property\, the successful Bidder shall nevertheless arrange for all such items of Personal Property to be removed from the Premises and discarded at the successful Bidder’s sole cost and expense. \nThe terms of this auction sale also obligate the successful Bidder to indemnify and hold both the Auctioneer and 740 harmless from and against any and all claims of whatsoever nature and kind for liability relating to the removal of the Personal Property including but not limited to proper disconnection and capping of all electrical wiring\, patching and repairing all holes in walls\, ceilings\, and roofs as a result of the removal of the Personal Property and repair of any and all other damage to the Premises resulting from the removal of the Personal Property. \nThe terms of this public auction sale also require that in advance of removing the Personal Property\, the successful Bidder (or a bonded\, insured\, and licensed mover acting for the successful Bidder )  to furnish proof of workers’ compensation insurance as well as proof of liability insurance coverage (naming 740 as an additional insured) affording comprehensive general liability coverage to 740 in the minimum of $1\,000\,000 per occurrence (and covering personal injury and property damage). \nTIME BEING OF THE ESSENCE\, the successful Bidder is required to pay the full amount of the winning bid plus transfer and sales tax as computed by the Auctioneer by wire transfer or ACH (pursuant to instructions provided by the Auctioneer after the sale) in immediately available funds one business day following the conclusion of the auction sale. \nCHOL may request an accounting by contacting counsel for 740. Contact information may be obtained from the Auctioneer. \nFor more information and requirements\, please contact the Auctioneer: \nBrian Testo\, Auctioneer \nBrian Testo Associates\, LLC \n818-592-6592 x 101 \nbrian@btesto.com \nwww.btesto.com
URL:https://www.btesto.com/auction-liquidation/notice-of-public-auction-of-certain-personal-property/
LOCATION:ZOOM ONLY\, United States
ORGANIZER;CN="Brian Testo Associates%2C LLC.":MAILTO:brian@btesto.com
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