Cooperative Shares definition

Cooperative Shares. Shares issued by a Cooperative Corporation.
Cooperative Shares. The shares of stock issued by a Cooperative, owned by the Mortgagor, and allocated to a Cooperative Apartment.

Examples of Cooperative Shares in a sentence

  • With respect to each Cooperative Loan, each original Financing Statement, Financing Statement Change or other governmental filing or recordation necessary to create or preserve the perfection and priority of the first priority lien and security interest in the Cooperative Shares and Proprietary Lease has been timely and properly made.

  • With respect to a Mortgage Loan that is a Cooperative Loan, the Cooperative Shares that are pledged as security for the Mortgage Loan are held by a Person as a tenant-stockholder (as defined in Section 216 of the Code) in a cooperative housing corporation (as defined in Section 216 of the Code).


More Definitions of Cooperative Shares

Cooperative Shares means shares issued by a Cooperative Corporation.
Cooperative Shares. Not applicable.
Cooperative Shares. Shares issued by a Cooperative Corporation. Corporate Trust Office: 000 X. Xxxxx Street, Charlotte, North Carolina 28288-1179.
Cooperative Shares. The shares of stock issued by a private, non-profit cooperative apartment corporation, which are represented by a stock certificate and are owned by a Mortgagor.
Cooperative Shares. With respect to any Co-op Loan, the shares of stock issued by a Cooperative and allocated to a cooperative apartment and represented by a stock certificate Credit Score: The credit score of the Mortgagor provided by Fair, Xxxxx & Company, Inc. or such other organization providing credit scores as per HSBC underwriting/program guidelines in affect at the time of the origination of a Mortgage Loan.
Cooperative Shares. Shares issued by a Cooperative Corporation. 102020 Sequoia 2004-2 Pooling and Servicing Agmt.