The landlord therefore demanded that money secured under a certain LOC (the «
BMO LOC») be released to it.
Having found that no fraud had been committed, the Court found, applying the autonomy principle, that the bank was not to be restrained in any way from releasing the money under
the BMO LOC.
The tenant had previously sought and obtained an ex parte (without notice to the landlord) interim injunction order precluding release of
the BMO LOC money before the landlord made its demand to the bank.
Not exact matches
If you'd kept records of the
LOC since buying the
BMO and BMW, I'm pretty sure you'd be able divvy it up, but this would be awkward.