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NATIONWIDE MECH. CONTRACTORS CORP. v. HOKKAIDO TAKUSHOKU BANK, LTD.

188 A.D.2d 871 (1992)

Nationwide Mechanical Contractors Corporation, Appellant, v. Hokkaido Takushoku Bank, Ltd., et al., Respondents

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

December 17, 1992

Mercure, J.

On May 23, 1988, Grossinger's Associates (hereinafter Grossinger), as borrower, entered into a building loan agreement with defendants Lloyds Bank, PLC and Hokkaido Takushoku Bank, Ltd. (hereinafter collectively referred to as the Lenders), through the Lenders' agent, defendant Lloyds International Corporation, in connection with the $31 million financing of a construction project at Grossinger's Resort in Sullivan County. Article 5 of the...

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