Tag Archives: condition precedent

Ace Securities Corp., HOME EQUITY LOAN TRUST, by HSBC BANK USA v. DB Structured Products Inc., 3/29/16 (Friedman, J,)

Motion to Dismiss; Breach of Contract; Statute of Limitations; CPLR 205(a); Condition Precedent By: Julie Lavoie | Staff Writer Plaintiff, HSBC Bank USA, National Association (“HSBC”), is the trustee of a residential mortgage backed securities (“RMBS”) trust. Defendant, DB Structured … Continue reading

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Webster Bank, N.A. v. Dibello Batista, Index No. 450520/14, 1/13/15 (Ramos, J.)

Contract; standby creditor agreement; notice; condition precedent. By Caroline Faughnan | Staff Writer Defendants were shareholders of a corporation. Plaintiff bank financed the purchase of defendant’s shares from borrowers. This stock purchase agreement (“SPA”) was contingent upon the execution of … Continue reading

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