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P.T. BANK CENTRAL ASIA, NEW YORK BRANCH v. ABN AMRO BANK N.V.

301 A.D.2d 373 (2003)

754 N.Y.S.2d 245

P.T. BANK CENTRAL ASIA, NEW YORK BRANCH, Appellant, v. ABN AMRO BANK N.V., Respondent.

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

Decided January 9, 2003.

Plaintiff's complaint arises out of two loan transactions and a Participation Agreement related to one of the loans. The first loan, a $270 million Replacement Credit Facility—otherwise known as the Senior Loan—was made by defendant ABN AMRO Bank N.V. (ABN), along with other banks, to Pioneer Resources, LCC (Pioneer), a logging and timber company that owned parcels of land and timber in the Pacific Northwest. The Senior Loan is governed by the Senior Credit...

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