Louisiana Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities, Inc.

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• Control #: US-EG-9057
• Format: Word; Rich Text

Description

Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages The Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding contract between the ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. This agreement outlines the terms and conditions under which Prudential Securities, Inc. agrees to purchase a specified number of mortgage loans from ABCs Mortgage Loan Trust 1999-4. The purpose of this underwriting agreement is to establish a framework for the sale and purchase of mortgage loans, ensuring that both parties adhere to certain obligations and responsibilities. It serves as a means to protect the interests of both the mortgage trust and the securities firm involved in the transaction. The agreement would typically contain various key elements, including the purchase price, the quantity and types of mortgage loans being sold, the representations and warranties made by the mortgage loan trust, and the conditions precedent for the completion of the transaction. These conditions may encompass factors such as the completion of due diligence, the absence of material adverse changes, and the fulfillment of regulatory requirements. The Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. may also address the allocation of risks and responsibilities between the parties, such as the indemnification and liability provisions. These clauses determine who bears the costs associated with any potential breaches of representations and warranties or any legal claims that may arise during or after the completion of the transaction. It is important to note that there might be variations of the Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. based on specific circumstances and parties involved. These variations could be related to the nature of the mortgage loans being sold, the negotiated terms, or any additional agreements made between the parties. In conclusion, the Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a formal contract that regulates the sale and purchase of mortgage loans between the parties involved. It outlines the terms, conditions, and responsibilities of each party, aiming to secure a fair and transparent transaction.

The Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding contract between the ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. This agreement outlines the terms and conditions under which Prudential Securities, Inc. agrees to purchase a specified number of mortgage loans from ABCs Mortgage Loan Trust 1999-4. The purpose of this underwriting agreement is to establish a framework for the sale and purchase of mortgage loans, ensuring that both parties adhere to certain obligations and responsibilities. It serves as a means to protect the interests of both the mortgage trust and the securities firm involved in the transaction. The agreement would typically contain various key elements, including the purchase price, the quantity and types of mortgage loans being sold, the representations and warranties made by the mortgage loan trust, and the conditions precedent for the completion of the transaction. These conditions may encompass factors such as the completion of due diligence, the absence of material adverse changes, and the fulfillment of regulatory requirements. The Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. may also address the allocation of risks and responsibilities between the parties, such as the indemnification and liability provisions. These clauses determine who bears the costs associated with any potential breaches of representations and warranties or any legal claims that may arise during or after the completion of the transaction. It is important to note that there might be variations of the Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. based on specific circumstances and parties involved. These variations could be related to the nature of the mortgage loans being sold, the negotiated terms, or any additional agreements made between the parties. In conclusion, the Louisiana Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a formal contract that regulates the sale and purchase of mortgage loans between the parties involved. It outlines the terms, conditions, and responsibilities of each party, aiming to secure a fair and transparent transaction.