Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages
The Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legal agreement that governs the underwriting process for the mortgage loan trust. Prudential Securities, Inc. is the underwriter responsible for facilitating the sale of the mortgage-backed securities issued by ABCs Mortgage Loan Trust 1999-4 in the state of Arizona. This agreement outlines the terms and conditions under which Prudential Securities, Inc. will purchase the mortgage-backed securities from ABCs Mortgage Loan Trust 1999-4. It provides details regarding the pricing, volume, and timing of the securities' purchase, as well as any potential incentives or compensation for Prudential Securities, Inc. The agreement also establishes the rights and obligations of both parties. It specifies the representations and warranties made by ABCs Mortgage Loan Trust 1999-4 regarding the quality and characteristics of the underlying mortgage loans. Additionally, it outlines the requirements for disclosure, indemnification, and dispute resolution. It is important to note that there may be different variations or subtypes of the Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. These variations may pertain to specific terms, conditions, or addenda that vary based on factors such as the specific mortgage loan composition, the prevailing market conditions, or regulatory requirements. Some possible variations of the agreement may include: 1. Structured Underwriting Agreement: This type of agreement may involve the underwriting of complex structured mortgage-backed securities, which may have unique features, such as tranches or subordination levels. 2. Syndicated Underwriting Agreement: In some cases, Prudential Securities, Inc. may enter into an agreement with multiple underwriters to form a syndicate. This arrangement allows for the distribution of the mortgage-backed securities among a group of underwriters, thereby spreading the risks and sharing the responsibilities. 3. Reinforced Underwriting Agreement: This type of agreement may include additional provisions that require Prudential Securities, Inc. to provide additional collateral or guarantees to ABCs Mortgage Loan Trust 1999-4 to mitigate potential risks associated with the underwriting process. Overall, the Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a critical legal document that governs the relationship and responsibilities between the underwriter and the mortgage loan trust.
The Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legal agreement that governs the underwriting process for the mortgage loan trust. Prudential Securities, Inc. is the underwriter responsible for facilitating the sale of the mortgage-backed securities issued by ABCs Mortgage Loan Trust 1999-4 in the state of Arizona. This agreement outlines the terms and conditions under which Prudential Securities, Inc. will purchase the mortgage-backed securities from ABCs Mortgage Loan Trust 1999-4. It provides details regarding the pricing, volume, and timing of the securities' purchase, as well as any potential incentives or compensation for Prudential Securities, Inc. The agreement also establishes the rights and obligations of both parties. It specifies the representations and warranties made by ABCs Mortgage Loan Trust 1999-4 regarding the quality and characteristics of the underlying mortgage loans. Additionally, it outlines the requirements for disclosure, indemnification, and dispute resolution. It is important to note that there may be different variations or subtypes of the Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. These variations may pertain to specific terms, conditions, or addenda that vary based on factors such as the specific mortgage loan composition, the prevailing market conditions, or regulatory requirements. Some possible variations of the agreement may include: 1. Structured Underwriting Agreement: This type of agreement may involve the underwriting of complex structured mortgage-backed securities, which may have unique features, such as tranches or subordination levels. 2. Syndicated Underwriting Agreement: In some cases, Prudential Securities, Inc. may enter into an agreement with multiple underwriters to form a syndicate. This arrangement allows for the distribution of the mortgage-backed securities among a group of underwriters, thereby spreading the risks and sharing the responsibilities. 3. Reinforced Underwriting Agreement: This type of agreement may include additional provisions that require Prudential Securities, Inc. to provide additional collateral or guarantees to ABCs Mortgage Loan Trust 1999-4 to mitigate potential risks associated with the underwriting process. Overall, the Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a critical legal document that governs the relationship and responsibilities between the underwriter and the mortgage loan trust.