Franklin Ohio Subsequent Pledge Agreement between ABFS Mortgage Loan Trust and The Bank of New York

• Category: Corporations - Public - Pledge
• State: Multi-State
• County: Franklin
• Control #: US-EG-9059
• Format: Word; Rich Text

Description

Subsequent Pledge Agreement dated 00/99. 4 pages The Franklin Ohio Subsequent Pledge Agreement between ABCs Mortgage Loan Trust and The Bank of New York is a contractual document that outlines the terms and conditions of a secured arrangement between the two parties. This agreement is significant in the context of mortgage loans and the trust's obligation to provide collateral to The Bank of New York. The agreement ensures that ABCs Mortgage Loan Trust pledges certain assets as collateral to secure the loan facility provided by The Bank of New York. By doing so, ABCs Mortgage Loan Trust offers security and reassurance to the bank that the loan will be repaid in full and on time. Some relevant keywords for this topic are: 1. Franklin Ohio: This refers to the geographical location where the loan agreement and subsequent pledge take place. Franklin Ohio could have significance in terms of legal jurisdiction or any specific regulations governing the agreement in that region. 2. Subsequent Pledge Agreement: This term signifies that there was a previous agreement in place and that this subsequent agreement builds upon that initial arrangement. It implies that the parties involved have decided to extend or modify the terms of the original pledge agreement. 3. ABCs Mortgage Loan Trust: ABCs Mortgage Loan Trust is the party responsible for providing the collateral to secure the loan. It could be a financial institution or organization that specializes in managing mortgage loans and providing security to lenders. 4. The Bank of New York: The Bank of New York is the lending institution involved in this agreement. It is the recipient of the collateral and holds the legal right to seize or liquidate the pledged assets if the borrower fails to meet their repayment obligations. Different types of Franklin Ohio Subsequent Pledge Agreements between ABCs Mortgage Loan Trust and The Bank of New York may include: 1. First Amendment Subsequent Pledge Agreement: This type of subsequent pledge agreement is used when the initial pledge agreement needs to be amended or modified. It could involve changes to the collateral types, loan terms, or any other elements of the agreement. It is crucial to document these changes to ensure a clear understanding between the parties. 2. Extension Subsequent Pledge Agreement: If the original pledge agreement has a predetermined fixed term, an extension agreement may be required when the term is about to expire. This agreement extends the duration of the existing pledge agreement, allowing the borrower to continue using the assets as collateral. In conclusion, the Franklin Ohio Subsequent Pledge Agreement between ABCs Mortgage Loan Trust and The Bank of New York is a legally binding document ensuring the security and repayment of a loan through the pledging of assets. It is important to understand the specific terms and conditions outlined in each subsequent pledge agreement to accurately assess the nature of the agreement.

The Franklin Ohio Subsequent Pledge Agreement between ABCs Mortgage Loan Trust and The Bank of New York is a contractual document that outlines the terms and conditions of a secured arrangement between the two parties. This agreement is significant in the context of mortgage loans and the trust's obligation to provide collateral to The Bank of New York. The agreement ensures that ABCs Mortgage Loan Trust pledges certain assets as collateral to secure the loan facility provided by The Bank of New York. By doing so, ABCs Mortgage Loan Trust offers security and reassurance to the bank that the loan will be repaid in full and on time. Some relevant keywords for this topic are: 1. Franklin Ohio: This refers to the geographical location where the loan agreement and subsequent pledge take place. Franklin Ohio could have significance in terms of legal jurisdiction or any specific regulations governing the agreement in that region. 2. Subsequent Pledge Agreement: This term signifies that there was a previous agreement in place and that this subsequent agreement builds upon that initial arrangement. It implies that the parties involved have decided to extend or modify the terms of the original pledge agreement. 3. ABCs Mortgage Loan Trust: ABCs Mortgage Loan Trust is the party responsible for providing the collateral to secure the loan. It could be a financial institution or organization that specializes in managing mortgage loans and providing security to lenders. 4. The Bank of New York: The Bank of New York is the lending institution involved in this agreement. It is the recipient of the collateral and holds the legal right to seize or liquidate the pledged assets if the borrower fails to meet their repayment obligations. Different types of Franklin Ohio Subsequent Pledge Agreements between ABCs Mortgage Loan Trust and The Bank of New York may include: 1. First Amendment Subsequent Pledge Agreement: This type of subsequent pledge agreement is used when the initial pledge agreement needs to be amended or modified. It could involve changes to the collateral types, loan terms, or any other elements of the agreement. It is crucial to document these changes to ensure a clear understanding between the parties. 2. Extension Subsequent Pledge Agreement: If the original pledge agreement has a predetermined fixed term, an extension agreement may be required when the term is about to expire. This agreement extends the duration of the existing pledge agreement, allowing the borrower to continue using the assets as collateral. In conclusion, the Franklin Ohio Subsequent Pledge Agreement between ABCs Mortgage Loan Trust and The Bank of New York is a legally binding document ensuring the security and repayment of a loan through the pledging of assets. It is important to understand the specific terms and conditions outlined in each subsequent pledge agreement to accurately assess the nature of the agreement.