The Franklin Ohio Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust is a legally binding contract that outlines the terms and conditions for future contributions between the two entities. This agreement is essential for maintaining a successful business relationship and ensuring timely financial support. The agreement sets out the framework for additional contributions to be made by Prudential Securities Secured Financing Corporation to ABCs Mortgage Loan Trust. These contributions may include funds, assets, or other forms of valuable consideration. The purpose of these subsequent contributions is typically to support the ongoing operations and investments of ABCs Mortgage Loan Trust. Some key elements covered in the Franklin Ohio Subsequent Contribution Agreement include the timing and method of contributions, the designated amount or value of the contribution, any restrictions or requirements surrounding the contribution, and the implications in the event of default or non-compliance with the agreement. It is worth mentioning that there may be different types of Franklin Ohio Subsequent Contribution Agreements between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust, depending on the specific needs and circumstances of the parties involved. These variations could include agreements that focus on different loan types, investment products, or geographic regions. Overall, the objective of the Franklin Ohio Subsequent Contribution Agreement is to establish a clear and mutually beneficial understanding between Prudential Securities Secured Financing Corporation and ABCs Mortgage Loan Trust regarding future financial support. This document ensures transparency, accountability, and fosters a strong working relationship based on trust and cooperation.
Franklin Ohio Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust
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In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovia Bank....Prudential Securities. IndustryInvestment bankingDefunct2003FateAcquired by Wachovia Corporation to form Wachovia SecuritiesSuccessorWachovia Securities and Jefferies BacheHeadquartersNew York, New York5 more rows
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The joint Venture loan is secured by the assets of the Core joint venture (including the land on which the GEL facilities are located and the facilities owned by GEL) and secured upon the assets and the equity interest of the ENCORE Group. The GEL loan is secured by the equity and the assets of GEL and underwrites a percentage of the gross profits of ENCORE Group, or a non-guaranteed portion thereof. In addition, the ENCORE Group has an obligation to pay a redistribution to GEL in the event of certain business reversals. The ENCORE Group and the joint Venture have entered into a memorandum of understanding under which the ENCORE Group will commit to post a sufficient amount to meet its post-distribution commitment as long as it is in good standing. THE HOME AND HOME LOANS COMPANIES, LTD., Plaintiff, etc. v. THE ENCORE GROUP COMPANY, INC., Defendant, et al. 2.10 Assumption of common and common shares. 102. The assets of ENCORE are not accounted for on a cash basis.
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