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JAFFE SPINDLER COMPANY, LLC v. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY

No. A-5718-13T4.

JAFFE SPINDLER COMPANY, LLC, Plaintiff-Respondent, v. NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY, Defendant, and NEW GOLD EQUITIES CORP., Defendant-Appellant.

Superior Court of New Jersey, Appellate Division.

Decided July 8, 2016.

Attorney(s) appearing for the Case

Brendan M. Walsh argued the cause for appellant (Pashman Stein Walder Hayden, attorneys; Mr. Walsh and Michael S. Stein, of counsel and on the briefs.)

John D. Lovi (Steptoe & Johnson LLP) of the New York bar, admitted pro hac vice, argued the cause for respondent (Bertone Piccini LLP, and Mr. Lovi, attorneys; Joseph A. Pojanowski, III, and Mr. Lovi, of counsel and on the brief.)

Before Judges Espinosa, Rothstadt, and Currier.

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION

The commercial bond financing agreement for the purchase of property here included a provision for "deferred interest" which became due and owing if the principal balance was not paid during the first eleven months of the bond's thirtieth year. In this appeal, we consider...

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