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Iowa Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust

State:
Multi-State
Control #:
US-EG-9063
Format:
Word; 
Rich Text
Instant download

Description

Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust 1999-4 dated 00/99. 4 pages Description: The Iowa Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust is a legal document that outlines the terms and conditions of subsequent contributions made by Prudential Securities Secured Financing Corporation to ABCs Mortgage Loan Trust, pertaining to mortgage-backed securities. This agreement is designed to clarify the responsibilities, rights, and obligations of both parties involved in the subsequent contributions process. It establishes a framework for the allocation and transfer of mortgage loan assets, as well as the allocation of any related rights or obligations. Some key provisions that may be included in different types of Iowa Subsequent Contribution Agreements between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust are: 1. Purpose and Scope: — Defines the purpose of the agreement, which is usually to facilitate the sale and transfer of mortgage loan assets and related rights. — Outlines the specific types of mortgage-backed securities covered by the agreement. 2. Subsequent Contributions: — Details the conditions under which subsequent contributions can be made. — Specifies the process for valuing the contributed assets. — Establishes the timeframes and deadlines for subsequent contributions. 3. Allocation and Transfer of Assets: — Describes the methods and procedures for allocating and transferring the mortgage loan assets. — Covers the necessary documentation and record-keeping requirements. — Addresses any requirements for prior consent or approval from regulatory bodies or third parties. 4. Rights and Obligations: — Defines the rights and obligations of each party related to the subsequent contributions and the transferred assets. — May outline any restrictions or limitations on the use or transfer of the assets. — Covers any indemnification provisions related to the transferred mortgage loan assets. 5. Termination and Amendments: — Establishes the conditions under which the agreement can be terminated or amended. — Outlines the procedures for giving notice and resolving disputes related to termination or amendments. It is worth noting that the specific terms and provisions of the Iowa Subsequent Contribution Agreement may vary depending on the nature of the mortgage-backed securities involved, the specific requirements of Prudential Securities Secured Financing Corporation, and ABCs Mortgage Loan Trust. It is advisable to consult legal professionals familiar with Iowa state laws when drafting or reviewing such agreements to ensure compliance and accuracy.

Description: The Iowa Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust is a legal document that outlines the terms and conditions of subsequent contributions made by Prudential Securities Secured Financing Corporation to ABCs Mortgage Loan Trust, pertaining to mortgage-backed securities. This agreement is designed to clarify the responsibilities, rights, and obligations of both parties involved in the subsequent contributions process. It establishes a framework for the allocation and transfer of mortgage loan assets, as well as the allocation of any related rights or obligations. Some key provisions that may be included in different types of Iowa Subsequent Contribution Agreements between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust are: 1. Purpose and Scope: — Defines the purpose of the agreement, which is usually to facilitate the sale and transfer of mortgage loan assets and related rights. — Outlines the specific types of mortgage-backed securities covered by the agreement. 2. Subsequent Contributions: — Details the conditions under which subsequent contributions can be made. — Specifies the process for valuing the contributed assets. — Establishes the timeframes and deadlines for subsequent contributions. 3. Allocation and Transfer of Assets: — Describes the methods and procedures for allocating and transferring the mortgage loan assets. — Covers the necessary documentation and record-keeping requirements. — Addresses any requirements for prior consent or approval from regulatory bodies or third parties. 4. Rights and Obligations: — Defines the rights and obligations of each party related to the subsequent contributions and the transferred assets. — May outline any restrictions or limitations on the use or transfer of the assets. — Covers any indemnification provisions related to the transferred mortgage loan assets. 5. Termination and Amendments: — Establishes the conditions under which the agreement can be terminated or amended. — Outlines the procedures for giving notice and resolving disputes related to termination or amendments. It is worth noting that the specific terms and provisions of the Iowa Subsequent Contribution Agreement may vary depending on the nature of the mortgage-backed securities involved, the specific requirements of Prudential Securities Secured Financing Corporation, and ABCs Mortgage Loan Trust. It is advisable to consult legal professionals familiar with Iowa state laws when drafting or reviewing such agreements to ensure compliance and accuracy.

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Iowa Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust