Michigan Cooperative Loan Recognition Agreement

State:
Multi-State
Control #:
US-12697BG
Format:
Word; 
Rich Text
Instant download

Description

A cooperative mortgage is the type of loan that allows the borrower to purchase shares of a cooperative housing project.
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FAQ

Recognition Agreement means, with respect to a Cooperative Mortgage Loan, an agreement executed by a Cooperative Corporation which, among other things, acknowledges the lien of the Mortgage on the Mortgaged Property in question.

The stock, shares, membership certificates, or other contractual agreement evidencing ownership. The original Recognition Agreement, and, if applicable, the original assignment of the Recognition Agreement to the lender.

A recognition agreement names the union or unions who have rights to represent and negotiate on behalf of employees in that workplace. It will make clear whether a particular union has sole negotiating rights for a bargaining group, or whether the employer recognises two or more unions jointly.

Mutual recognition agreements lay down the conditions under which one Party (non-member country) will accept conformity assessment results (e.g. testing or certification) performed by the other's Party (the EU) designated conformity assessment bodies (CABs) to show compliance with the first Party's (non-member country) ...

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.

A recognition agreement is a legal document that allows parties to recognize each other's interests in an agreement.

A recognition agreement names the union or unions who have rights to represent and negotiate on behalf of employees in that workplace.

More specifically, a recognition agreement is a contract between a subtenant and a prime landlord under which the prime landlord agrees to recognize the subtenant and the sublease if the tenant/sublandlord defaults under the prime lease and the prime landlord terminates the prime lease.

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Michigan Cooperative Loan Recognition Agreement