VB Management, Inc. v. AD 1619 Co.
Opinion of the Court
—Order, Supreme Court, New York County (Richard Lowe, III, J.), entered on or about March 20, 1998, which declared that plaintiff tenant is in compliance with the insurance requirements of the subject commercial lease, enjoined defendant landlord from canceling the lease, and enjoined defendant from serving any further notices to cure upon plaintiff without prior court approval, unanimously modified, on the law and the facts, to require prior court approval only for future notices to cure as are based on defaults set forth in defendant’s prior notices to cure, and otherwise affirmed, without costs.
Although the lease provides for a 12-day cure period, it also provides for an unspecified longer period to cure for defaults not capable of complete cure within 12 days, upon condition that the tenant commence curing within the 12-day period and thereafter proceed with good faith and diligence. We agree with the IAS Court that no issue of fact exists as to plaintiffs
Case-law data current through December 31, 2025. Source: CourtListener bulk data.