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FILMTRUCKS, INC. v. EXPRESS INDUS. & TERMINAL CORP.

127 A.D.2d 509 (1987)

Filmtrucks, Inc., Appellant-Respondent, v. Express Industries and Terminal Corporation et al., Respondents-Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

February 17, 1987

Defendant Express Industries and Terminal Corporation is the lessee of Pier 40 at the Hudson River. By what the parties termed a "license agreement", defendant leased to plaintiff Filmtrucks, Inc. certain space at Pier 40 for warehousing and storage of its vehicles and equipment commencing April 1, 1985 at a monthly rental of $15,407.29. Section 8 (a) of the agreement provides: "In the event Company defaults in any of its obligations...

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