The Walker Letter of Credit, the Reimbursement Agreement, and the letter agreement in which Walker transferred and assigned to plaintiff its rights and privileges in and to the Reimbursement Agreement, are all unambiguous. Defendant's obligation to reimburse plaintiff is unconditional. Indeed, defendant effectively waived its right to assert all defenses and counterclaims to its reimbursement obligation to plaintiff (see, Bank of Suffolk County v Kite,
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HONGKONG & SHANGHAI BANKING CORP. LTD. NEW YORK BRANCH v. COMMUNICATIONS TRANSMISSION, INC.
191 A.D.2d 342 (1993)
596 N.Y.S.2d 675
Hongkong and Shanghai Banking Corporation Limited, New York Branch, Respondent, v. Communications Transmission, Inc., Appellant
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
March 23, 1993
March 23, 1993
Appellate Division of the Supreme Court of the State of New York, First Department.
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