AzTech definition
AzTech means AzTech Minerals, Inc., an Arizona corporation, which was merged with and into Excelsior Arizona;
AzTech means AzTech Minerals, Inc., an Arizona corporation, which, pursuant to the Business Combination described below, was merged with and into Excelsior Arizona;
AzTech means Aztech Concrete Accessories, Inc.
More Definitions of AzTech
AzTech originates from the company that standardized this form in the 1970s, simplifying what was once a tedious negotiation process between lenders and individual co-ops. Typically, an Aztech recognition agreement is one of the final steps in a co-op application, sent towards the end of loan underwriting. Lenders mail three original copies, which must be signed by the buyer, submitted with the co-op application, and then endorsed by a board member to be fully executed. The primary advantage of an Aztech recognition agreement is that it enables buyers to secure financing for a co-op purchase. Unlike condos, where one buys the actual unit, buying into a co-op means acquiring shares in the building and a lease for a specific unit. These shares and the lease, considered personal property, are used as collateral for the mortgage. The Aztech agreement harmonizes the varying rules of proprietary leases across co-ops, thus streamlining the financing process and broadening the potential market for co-op units. For more detailed information and to view a sample of an Aztech recognition agreement, you can download the 'aztech recognition agreement pdf' which provides comprehensive insights into the structure and implications of these agreements. The Aztech Recognition Agreement is a critical document in real estate transactions involving cooperative buildings. It serves as an acknowledgment between the lender, shareholder, and cooperative corporation, ensuring that the interests of all parties are protected. This agreement enhances the value of properties within the building, providing benefits to every shareholder. For those seeking a sample of the Aztech Recognition Agreement, it is typically provided by your lender for informational purposes. While a generic sample can be found online, it is important to note that the actual agreement you receive may differ. This article is designed to inform and should not substitute for legal counsel. For any legal inquiries or concerns, always consult with a qualified attorney.
AzTech means AzTech Minerals, Inc. a corporation incorporated under the laws of Arizona. “AzTech Board” means the board of directors of AzTech prior to the Effective Time.