Majority
The record shows that plaintiff sent monthly requisitions for payment to the York defendants, in accordance with the parties’ agreement, and that the York defendants failed to timely object to the requisitions. Plaintiff is entitled to interest at the rate of 1% per month on any overdue requisition (see General Business Law §§ 756-a, 756-b).
Plaintiff argues that defendant 60th Street should have been held jointly and severally liable with York for the money judgment and that the judgment should provide for conditional foreclosure against 60th Street’s parcel in the event that the York defendants’ filed undertaking becomes compromised. However, the parties’ agreement provides that York will be individually li
We find no reason to disturb the court’s exercise of discretion in not awarding sanctions.
We have considered the parties’ remaining arguments for affirmative relief and find them unavailing. Concur — Gonzalez, P.J., Friedman, Renwick, Freedman and Richter, JJ.
Cases cited
- 101 Park Avenue Associates v. Trane Co. 99 AD2d 428 at 429 p. 564
- 101 Park Avenue Associates v. Trane Co. 62 NY2d 734 p. 564
- Niagara Venture v. Sicoli & Massaro, Inc. 77 NY2d 175 at 181-182 p. 564
- Morton v. Tucker 145 NY 244 p. 565
- Sanco Mechanical, Inc. v. DKS General Contractors & Construction Managers, Inc. 34 AD3d 271 p. 565