Long Island Savings Bank v. Geloda/Briarwood Corp.

Interlocutory judgment and order (one paper), Supreme Court, New York County (Martin Evans, J.H.O.), entered on or about November 19, 1995, which, inter alia, directed defendant to render an accounting to plaintiff as provided in paragraph 9 (c) of the subject mortgage, unanimously affirmed, with costs.

Defendant contends that plaintiff has no right to any "additional satisfaction compensation”, and therefore no need for an accounting, because the condition precedent to such right, namely, the sale of all of the units in the condominium, never happened. However, as this Court presaged in the…