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Document Id : 308
File Type : Microsoft Word
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Alberta Co-Owner's Certificate for Units in Syndicated Mortgage
Issue Co-Owner Certificates to investors for units in a syndicated mortgage with this template form for Alberta.
- Each of the investors who have purchased an undivided interest in the syndicated mortgage will be issued a certificate evidencing their tenancy-in-common share in the mortgage.
- Interest will be calculated annually and paid quarterly.
- All percentage ownerships rank pari passu (that is, equally on a proportionate basis).
- The certificates are subject to redemption by prepayment or repayment of the mortgage.
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