Recognition Agreement

Recognition Agreement. With respect to any sublease, license or other occupancy agreement under any Lease, an agreement to the effect that if the applicable Lease terminates during the term of such sublease, license or other occupancy agreement for any reason other than by reason of the occurrence of a fire or other casualty, or a condemnation, or the Tenant's exercising the Tenant's right to terminate the applicable Lease in accordance with the express terms of the applicable Lease, then (i) Seller will not evict... such subtenant, licensee or other occupant, disturb such subtenant's, licensee's or other occupant's possession or terminate or disturb such subtenant's, licensee's or other occupant's occupancy of the space that such sublease, license or other occupancy agreement demises, and will recognize such subtenant, licenses or other occupant as the direct tenant of Seller, subject to and in accordance with the terms and conditions of such agreement, and (ii) such subtenant, licensee, or other occupant will recognize Seller as such subtenant's direct landlord, subject to and in accordance with the terms and conditions of such agreement View More

Recognition Agreement. An agreement among a Co-op Corporation, a lender and a Mortgagor with respect to a Co-op Loan whereby such parties (i) acknowledge that such lender may make, or intends to make, such Co-op Loan, and (ii) make certain agreements with respect to such Co-op Loan