Cooperative Stock definition

Cooperative Stock. With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative.
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Cooperative Stock. With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative. Cooperative Stock Certificate: With respect to a Cooperative Loan, the stock certificate or other instrument evidencing the related Cooperative Stock. Corporate Trust Office: The corporate trust office of the Trustee in the Commonwealth of Massachusetts, at which at any particular time its corporate trust business with respect to this Agreement shall be administered, which office at the date of the execution of this Agreement is located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, Attention: Corporate Trust PNC 1999-4. Corresponding Class: With respect to the Group I Certificates and the Group I-L Regular Interests, the "Corresponding Class" shall be as indicated in the following table or as set forth below: Class I-A-3-L Class I-A-3 Class I-A-4-L Class I-A-4 Class I-A-6-L Class I-A-6 Class I-A-10-L Class I-A-10 Class I-X-L Class I-X With respect to the Class I-A-2 Certificates, the "Corresponding Class" will be both of the Class I-A-2-1-L Regular Interest and the Class I-A-2-2-L Regular Interest. With respect to the Class I-A-5 Certificates, the "Corresponding Class" will be both of the Class I-A-5- 1-L Regular Interest and the Class I-A-5-2-L Regular Interest. With respect to the Class I-A-7 Certificates, the "Corresponding Class" will be both of the Class I-A-7-1-L Regular Interest and the Class I-A-7-2-L Regular Interest. With respect to the Class I-A-8 Certificates, the "Corresponding Class" will be both of the Class I-A-8-1-L Regular Interest and the Class I-A-8-2-L Regular Interest. With respect to the Group II Certificates and the Group II-L Regular Interests, the "Corresponding Class" shall be as indicated in the following table: Class II-A-1-L Class II-A-1 Class II-X-L Class II-X Class II-P-L Class II-P With respect to the Group III Certificates and the Group III-L Regular Interests, the "Corresponding Class" shall be as indicated in the following table: Class III-A-1-L Class III-A-1 Class III-X-L Class III-X Class III-P-L Class III-P With respect to the Group IV and Class R-3 Certificates and the Group IV-L Regular Interests, the "Corresponding Class" shall be as indicated in the following table: Class IV-A-1-L Class IV-A-1 Class IV-A-2-L Class IV-A-2 Class IV-A-3-L Class IV-A-3 Class IV-A-4-L Class IV-A-4 Class IV-A-5-L Class IV-A-5 Class IV-A-6-L Class IV-A-6 Class IV-A-7-L Class IV-A-7 Clas...
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Examples of Cooperative Stock in a sentence

  • A private, cooperative housing corporation which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.

  • A private, cooperative housing corporation organized under the laws of, and headquartered in, the State of New York which owns or leases land and all or part of a building or buildings located in the State of New York, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.

  • A private, cooperative housing corporation organized under the laws of, and headquartered in, the State of New York which owns or leases land and all or part of a building or buildings located in any such state, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.

  • With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.

  • A private, cooperative housing corporation organized under the laws of, and headquartered in, the States of New York, New Jersey, North Carolina, Washington, Virginia or Hawaii which owns or leases land and all or part of a building or buildings located in any such state, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.

  • A private, cooperative housing corporation organized under the laws of, and headquartered in, the States of New York or New Jersey which owns or leases land and all or part of a building or buildings located in such states, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.

  • Land and improvements securing the indebtedness of a Mortgagor under the related Mortgage Loan or, in the case of REO Property, such REO Property, or, in the case of a Cooperative Loan, the related Cooperative Lease and Cooperative Stock.

  • With respect to a Cooperative Loan, the agreement or mortgage creating a security interest in favor of the originator of the Cooperative Loan in the related Cooperative Stock.

  • A private, cooperative housing corporation organized under the laws of, and headquartered in the state in which the related premises are located, which owns or leases land and all or part of a building or buildings located in any such state, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.

  • The underlying real property securing a Mortgage Loan or, with respect to a Cooperative Loan, the related Cooperative Lease and Cooperative Stock.

Related to Cooperative Stock

  • Cooperative Stock Certificate With respect to a Cooperative Loan, the stock certificate or other instrument evidencing the related Cooperative Stock.

  • Executive Stock will continue to be Executive Stock in the hands of any holder other than Executive (except for the Company and the Investors and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Executive Stock will succeed to all rights and obligations attributable to Executive as a holder of Executive Stock hereunder. Executive Stock will also include shares of the Company's capital stock issued with respect to Executive Stock by way of a stock split, stock dividend or other recapitalization.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Cooperative Shares Shares issued by a Cooperative Corporation.