Hawaii Underwriting Agreement between Advanta Equipment Receivable Series LLC and Advanta Bank Corporation

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• Control #: US-EG-9171
• Format: Word; Rich Text

Description

Underwriting Agreement between Advanta Equipment Receivable Series 2000-_____ LLC and Advanta Bank Corp. dated 00/00. 14 pages Title: Understanding the Hawaii Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation Keywords: Hawaii Underwriting Agreement, Advance Equipment Receivable Series LLC, Advance Bank Corporation, underwriting terms, financial terms, contract, obligations, terms and conditions, legal agreement. Introduction: The Hawaii Underwriting Agreement between Advance Equipment Receivable Series LLC (AER) and Advance Bank Corporation (ABC) sets out the terms and conditions under which ABC agrees to underwrite certain obligations and financial arrangements involving equipment receivables in the state of Hawaii. Types of Hawaii Underwriting Agreements: 1. Equipment Receivable Underwriting Agreement: This specific agreement pertains to the underwriting of equipment receivables transactions undertaken by Advance Equipment Receivable Series LLC. It establishes the obligations and responsibilities between AER and Advance Bank Corporation regarding these transactions, ensuring a comprehensive and well-defined framework. 2. Lease Receivable Underwriting Agreement: Under this agreement, Advance Bank Corporation acts as an underwriter for lease receivables originating from transactions carried out by Advance Equipment Receivable Series LLC. It outlines the conditions, Scope, and limitations for ABC's underwriting responsibilities concerning these specific transactions. Content of the Agreement: 1. Purpose and Scope: The agreement clearly states the purpose of the underwriting collaboration between AER and ABC, highlighting the specific obligations and arrangements related to equipment receivables or lease receivables, based on the agreement at hand. 2. Definitions: This section defines and explains key terms essential for the proper understanding of the agreement, including terms related to equipment receivables, financial terms, underwriting terms, and other relevant legal terminology. 3. Roles and Responsibilities: The agreement outlines the roles and responsibilities of both parties, elaborating on the obligations expected from Advance Equipment Receivable Series LLC and Advance Bank Corporation in the underwriting process. It establishes the boundaries and expectations for each party involved. 4. Conditions and Limitations: This section details the conditions that must be fulfilled for ABC to underwrite a particular equipment receivables transaction, highlighting any prerequisites, guidelines, or limitations that need to be met for the underwriting to take place. 5. Fees and Compensation: The agreement outlines the financial arrangements between AER and ABC, including any fees or compensation that ABC will receive for underwriting services rendered. It covers the payment terms and methods agreed upon by both parties. 6. Duration and Termination: This section establishes the duration of the agreement, specifying any renewal or extension possibilities, as well as the conditions under which either party may terminate the agreement, such as breach of terms, bankruptcy, or mutual consent. 7. Indemnification and Liability: The agreement addresses the indemnity provisions and liability concerns for both AER and ABC, clarifying the extent of responsibility each party holds within the underwriting process and outlining the potential consequences for any breaches or non-compliance. Conclusion: The Hawaii Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding document that ensures a clear understanding of the roles, responsibilities, and obligations in any equipment receivables underwriting transactions conducted in Hawaii. By abiding by the terms and conditions set forth in this agreement, both parties can establish a robust and mutually beneficial working relationship in their financial endeavors.

Title: Understanding the Hawaii Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation Keywords: Hawaii Underwriting Agreement, Advance Equipment Receivable Series LLC, Advance Bank Corporation, underwriting terms, financial terms, contract, obligations, terms and conditions, legal agreement. Introduction: The Hawaii Underwriting Agreement between Advance Equipment Receivable Series LLC (AER) and Advance Bank Corporation (ABC) sets out the terms and conditions under which ABC agrees to underwrite certain obligations and financial arrangements involving equipment receivables in the state of Hawaii. Types of Hawaii Underwriting Agreements: 1. Equipment Receivable Underwriting Agreement: This specific agreement pertains to the underwriting of equipment receivables transactions undertaken by Advance Equipment Receivable Series LLC. It establishes the obligations and responsibilities between AER and Advance Bank Corporation regarding these transactions, ensuring a comprehensive and well-defined framework. 2. Lease Receivable Underwriting Agreement: Under this agreement, Advance Bank Corporation acts as an underwriter for lease receivables originating from transactions carried out by Advance Equipment Receivable Series LLC. It outlines the conditions, Scope, and limitations for ABC's underwriting responsibilities concerning these specific transactions. Content of the Agreement: 1. Purpose and Scope: The agreement clearly states the purpose of the underwriting collaboration between AER and ABC, highlighting the specific obligations and arrangements related to equipment receivables or lease receivables, based on the agreement at hand. 2. Definitions: This section defines and explains key terms essential for the proper understanding of the agreement, including terms related to equipment receivables, financial terms, underwriting terms, and other relevant legal terminology. 3. Roles and Responsibilities: The agreement outlines the roles and responsibilities of both parties, elaborating on the obligations expected from Advance Equipment Receivable Series LLC and Advance Bank Corporation in the underwriting process. It establishes the boundaries and expectations for each party involved. 4. Conditions and Limitations: This section details the conditions that must be fulfilled for ABC to underwrite a particular equipment receivables transaction, highlighting any prerequisites, guidelines, or limitations that need to be met for the underwriting to take place. 5. Fees and Compensation: The agreement outlines the financial arrangements between AER and ABC, including any fees or compensation that ABC will receive for underwriting services rendered. It covers the payment terms and methods agreed upon by both parties. 6. Duration and Termination: This section establishes the duration of the agreement, specifying any renewal or extension possibilities, as well as the conditions under which either party may terminate the agreement, such as breach of terms, bankruptcy, or mutual consent. 7. Indemnification and Liability: The agreement addresses the indemnity provisions and liability concerns for both AER and ABC, clarifying the extent of responsibility each party holds within the underwriting process and outlining the potential consequences for any breaches or non-compliance. Conclusion: The Hawaii Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding document that ensures a clear understanding of the roles, responsibilities, and obligations in any equipment receivables underwriting transactions conducted in Hawaii. By abiding by the terms and conditions set forth in this agreement, both parties can establish a robust and mutually beneficial working relationship in their financial endeavors.