RAY CUT INC v. 240 WEST 37 LLC (2009)

Order, Supreme Court, New York County (Joan A. Madden, J.), entered January 23, 2008, which, insofar as appealed from as limited by the briefs, granted plaintiff tenant's motion for a Yellowstone injunction, unanimously affirmed, without costs.

Plaintiff established its entitlement to a Yellowstone injunction upon its demonstration that it held a commercial lease, had received a notice to cure from defendant landlord, had requested injunctive relief prior to the expiration of the cure period and termination of the lease, and demonstrated that it was prepared and maintained the ability to cure the alleged default (see Graubard Mollen Horowitz Pomeranz & Shapiro v. 600 Third Ave. Assoc., 93 N.Y.2d 508, 514, 693 N.Y.S.2d 91, 715 N.E.2d 117 [1999];  225 E. 36th St. Garage Corp. v. 221 E. 36th Owners Corp., 211 A.D.2d 420, 421, 621 N.Y.S.2d 302 [1995] ).   Indeed, plaintiff showed its willingness and ability to cure its default pertaining to the lease's insurance requirements by presenting the court with a certificate of insurance providing for 30 days' notice of default to the landlord, as required by the lease.   That the certificate of insurance stated that the issuing insurer would “endeavor” to provide 30 days' notice does not warrant a different determination.

We have considered defendant's remaining arguments and find them unavailing.