Assignment of Recognition Agreement definition
Assignment of Recognition Agreement. With respect to a Cooperative Loan, an assignment of the Recognition Agreement sufficient under the laws of the jurisdiction wherein the related Cooperative Unit is located to reflect the assignment of such Recognition Agreement.
Assignment of Recognition Agreement. With respect to a Co-op Loan, an assignment of the Recognition Agreement sufficient under the laws of the jurisdiction wherein the related Co-op Unit is located to reflect the assignment of such Recognition Agreement.
Examples of Assignment of Recognition Agreement in a sentence
To the extent required by the Takeout Investor with respect to such Co-op Loan, Seller shall also deliver to the Custodian an executed Assignment of Recognition Agreement (as such term is defined in the Custodial Agreement) with respect to such Co-op Loan.
With respect to each Co-op Mortgage Loan, the original Recognition Agreement and the original Assignment of Recognition Agreement.