Order unanimously reversed on the law with costs and complaint dismissed.
Memorandum:
Plaintiffs commenced this action by moving for summary judgment in lieu of a complaint (see, CPLR 3213), alleging that defendant failed to make interest payments on promissory notes. The notes, dated January 1, 1992, entitled plaintiffs to 10% annual interest and were subject to subordination agreements with Chase Lincoln First Bank (Chase). The subordination agreements...
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