A Kentucky Subsequent Contribution Agreement is a legal document that establishes the terms and conditions for additional contributions or payments to be made by Prudential Securities Secured Financing Corporation (hereinafter referred to as "Prudential") to ABCs Mortgage Loan Trust (hereinafter referred to as "Trust"). This agreement serves to allow Prudential to contribute funds or assets towards the specified trust, in order to enhance its financial position or meet any future obligations. The Kentucky Subsequent Contribution Agreement outlines the following key elements: 1. Parties Involved: The agreement identifies Prudential Securities Secured Financing Corporation as the contributor and ABCs Mortgage Loan Trust as the recipient of subsequent contributions. 2. Nature of the Agreement: The agreement clarifies that it pertains to subsequent contributions after an initial agreement or transaction has taken place between the parties. 3. Obligations and Responsibilities: The agreement defines the obligations and responsibilities of both parties involved in making and receiving subsequent contributions. Prudential commits to providing the necessary contributions while the Trust ensures proper acknowledgment and utilization of the funds/assets received. 4. Contribution Amount and Method: The agreement specifies the amount or value of subsequent contributions that Prudential intends to make. The method of contribution, such as cash, securities, or other assets, is also determined and documented. 5. Terms and Conditions: The Kentucky Subsequent Contribution Agreement includes terms and conditions that govern the subsequent contributions. These may include provisions regarding the timeframe for contributions, interest rates, repayment terms, default scenarios, and other relevant clauses. 6. Termination and Amendments: The agreement outlines the circumstances under which the agreement may be terminated or amended, providing flexibility for both parties to adapt to changing circumstances. Types of Kentucky Subsequent Contribution Agreements between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust: 1. Subsequent Cash Contribution Agreement: This type of agreement involves Prudential providing additional cash contributions to the Trust to bolster its financial position or meet specific obligations. 2. Subsequent Asset Contribution Agreement: In this agreement, Prudential transfers additional assets, such as securities, real estate, or other valuable properties, to the Trust, enabling the Trust to benefit from the increased asset base. 3. Subsequent Payment Contribution Agreement: This type of agreement is applicable when Prudential commits to making subsequent payments towards ABCs Mortgage Loan Trust, which can be in the form of loan repayments, interest payments, or other financial commitments. 4. Subsequent Combination Contribution Agreement: This agreement encompasses a combination of cash, assets, and payments, wherein Prudential contributes a mix of different resources to the Trust as subsequent contributions based on the terms agreed upon. It is important to note that the specific types of Kentucky Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust may vary depending on the agreed-upon terms and individual circumstances of each agreement.
Kentucky Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust
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