This is a nonpayment proceeding brought against the tenants of business premises at 1264 Amsterdam Avenue in the Borough of Manhattan, City of New York. On June 20, 1956 a lease was entered into, which was subsequently assigned. The lease provides for a graduated rental during its term. On March 2, 1960 the landlord acknowledged in writing that it had agreed to reduce the tenant's rent for the period from September 1, 1959 to February...
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