Case ID: ad2d_203/html/0206-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

John B. Winston, Respondent, v Mezzanine Investments, L.P., et al., Appellants.
    [612 NYS2d 854]
   —Order, Supreme Court, New York County (Elliott Wilk, J.), entered August 3, 1993, which denied defendants’ motion for summary judgment, unanimously affirmed, without costs.

We agree with the IAS Court that the word "cumulative”, as used in the definition of the term "Priority Return” in the limited partnership agreement, is ambiguous and its intended meaning cannot be construed as a matter of law. Concur— Rosenberger, J. P., Ross, Rubin, Nardelli and Tom, JJ.