Eastern Systems, Inc. v. West 45th Street Industrial Condominiums, Inc. (In Re Eastern Systems, Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “[E]quity will not intervene where the forfeiture results from a party’s failure to comply with a material term of an agreement, such as the payment of rent under a commercial lease.”
• debtor-tenant’s substantial rent default prevents it from exercising option to purchase in light of provision that conditions option on the absence of any “default under any terms, covenants or conditions” of the parties’ leases

Source: CourtListener parenthetical corpus (CC0).