Cooperative Assets definition

Cooperative Assets. Shares issued by Cooperatives, the related Cooperative Lease and any other collateral securing the Cooperative Loans.
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Cooperative Assets means the assets (including cash) owned or earned by an Obligor relating to its membership in Unified, including Unified's capital stock and patronage dividends.
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Cooperative Assets means the assets (including cash) owned or earned by an Obligor relating to its membership in Certified, including Certified's capital stock and patronage dividends.
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Examples of Cooperative Assets in a sentence

  • The indebtedness of a Mortgagor evidenced by a Mortgage Note which is secured by Cooperative Assets and which is being sold to the Depositor pursuant to this Agreement, the Mortgage Loans so sold being identified in the Mortgage Loan Schedule.

  • Removing Members may not remove a Director for lawfully opposing a Transfer of Cooperative Assets or a Cooperative dissolution.

  • Although a Board Committee may recommend, a Board Committee may not act, to: (1) retire and pay Capital Credits; (2) approve the Cooperative’s dissolution or merger, or the sale, pledge, or Transfer of all, or substantially all, Cooperative Assets; (3) elect, appoint, disqualify, or remove a Director, or fill a Board or Board Committee vacancy; or (4) adopt, amend, or repeal Bylaws.

  • Except as limited by this Section 8.1, the Board at its discretion may otherwise approve any Transfer of Cooperative Assets.

  • Removing Members may not remove a Trustee for lawfully opposing a Transfer of Cooperative Assets or a Cooperative dissolution.

  • The real property (or leasehold estate, if applicable) securing repayment of the debt evidenced by a Mortgage Note pursuant to the related Mortgage, and with respect to a Cooperative Loan, the Cooperative Assets.