LEXINGTON 360 ASSOCS. v. FIRST UNION NAT'L BANK OF NORTH CAROLINA


234 A.D.2d 187 (1996)

651 N.Y.S.2d 490

Lexington 360 Associates, Respondent, v. First Union National Bank of North Carolina, Appellant

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

December 24, 1996


This is an action for breach of a December 31, 1990 modification and estoppel agreement, which modified, in part, a $42,000,000 loan agreement, dated October 14, 1988, among defendant, as lender, plaintiff, as borrower and fee owner of an office building located at 360 Lexington Avenue in Manhattan, and 360 Lexington Avenue Associates (LRA), the tenant of the entire building under a master lease with plaintiff. The loan, non-recourse...

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