Co-op Security Agreement definition
Co-op Security Agreement means the agreement creating a first lien security interest in the stock allocated to a dwelling unit in the residential cooperative housing corporation that was pledged to secure such Co-op Loan and the related Co-op Lease.
Co-op Security Agreement means, collectively, (i) the security agreement executed by the owners of Co-Op Shares in favor of the lender under a Co-Op Loan granting to such lender a first lien and security interest in such Co-Op Shares, (ii) a stock power with respect to such Co-Op Shares signed in blank, (iii) UCC-1 financing statements executed by such owners in favor of such lender for purposes of perfecting such security interest, and (iv) an assignment by such owners, in blank, of their interest in the Co-Op Lease to which such Co-Op Shares are appurtenant.
Co-op Security Agreement. The agreement creating a security interest in the stock allocated to a dwelling unit in the residential cooperative housing corporation that was pledged to secure such Co-op Loan and the related Co-op Lease. Credit Risk Manager: The Murrayhill Company, or any other Person appointed by the Purchaser.