The King Washington Subsequent Pledge Agreement is a critical legal document that outlines the terms and conditions associated with an arrangement between ABCs Mortgage Loan Trust and The Bank of New York. This agreement establishes a pledge relationship between the two entities, ensuring compliance and security in their financial interactions. The Subsequent Pledge Agreement serves as an extension or addendum to a previous agreement between ABCs Mortgage Loan Trust and The Bank of New York. It clarifies and expands upon the initial agreement while addressing any modifications, updates, or new terms that may have emerged over time. The main purpose of this agreement is to establish ABCs Mortgage Loan Trust as the pledge and The Bank of New York as the pledge. Through this agreement, ABCs Mortgage Loan Trust pledges certain assets or securities to The Bank of New York as collateral in exchange for specific benefits, such as loans, credit facilities, or enhanced financial support. Key elements covered in the King Washington Subsequent Pledge Agreement include the identification of the assets being pledged, their valuation, and any attached conditions or restrictions. It also outlines the rights, obligations, and responsibilities of both parties involved.