Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages
New Mexico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legal document that outlines the terms and conditions associated with underwriting mortgage loans and the role of Prudential Securities, Inc. in the process. This agreement provides detailed information regarding the responsibilities, obligations, and rights of the underwriter and the issuer of the mortgage-backed securities. Key features of the New Mexico Underwriting Agreement include: 1. Parties Involved: The agreement involves ABCs Mortgage Loan Trust 1999-4 as the issuer of the mortgage-backed securities and Prudential Securities, Inc. as the underwriter. Both parties enter into this agreement as legally binding entities. 2. Underwriting Terms: The agreement specifies the terms and conditions of the underwriting process, including the purchase price, the allocation of securities, and the underwriting fee. It also outlines any discounts or concessions provided by the issuer to the underwriter. 3. Offer and Sale of Securities: The agreement details the provisions related to the offer and sale of the mortgage-backed securities. It includes the date of the agreement, the closing date, and the minimum purchase requirement for the underwriter. 4. Representations and Warranties: This section outlines the representations and warranties made by both parties regarding the accuracy and completeness of the information provided. It includes assurances that the offering materials do not contain any false or misleading information. 5. Indemnification and Contribution: The agreement addresses the indemnification and contribution provisions, stating the responsibilities of each party in case of any losses, damages, or liabilities incurred as a result of the agreement. It specifies the limitations and conditions under which indemnification can be claimed. 6. Termination: The agreement includes provisions for termination, specifying the circumstances under which either party can terminate the agreement. It highlights the consequences and obligations of both parties upon termination. Types of New Mexico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc.: 1. Initial Underwriting Agreement: This refers to the original agreement entered into between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. for the initial underwriting of the mortgage-backed securities. 2. Amended Underwriting Agreement: This includes any subsequent changes or modifications made to the initial agreement, which may arise due to market conditions, regulatory requirements, or other factors impacting the underwriting process. 3. Renewed Underwriting Agreement: This type of agreement is entered into when the initial agreement expires or reaches its agreed-upon term. It renews the underwriting relationship between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. for a specified period. In summary, the New Mexico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a comprehensive legal document outlining the terms and conditions of underwriting mortgage-backed securities. It covers various aspects such as underwriting terms, representations, indemnification, termination, and the responsibilities of each party involved.
New Mexico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legal document that outlines the terms and conditions associated with underwriting mortgage loans and the role of Prudential Securities, Inc. in the process. This agreement provides detailed information regarding the responsibilities, obligations, and rights of the underwriter and the issuer of the mortgage-backed securities. Key features of the New Mexico Underwriting Agreement include: 1. Parties Involved: The agreement involves ABCs Mortgage Loan Trust 1999-4 as the issuer of the mortgage-backed securities and Prudential Securities, Inc. as the underwriter. Both parties enter into this agreement as legally binding entities. 2. Underwriting Terms: The agreement specifies the terms and conditions of the underwriting process, including the purchase price, the allocation of securities, and the underwriting fee. It also outlines any discounts or concessions provided by the issuer to the underwriter. 3. Offer and Sale of Securities: The agreement details the provisions related to the offer and sale of the mortgage-backed securities. It includes the date of the agreement, the closing date, and the minimum purchase requirement for the underwriter. 4. Representations and Warranties: This section outlines the representations and warranties made by both parties regarding the accuracy and completeness of the information provided. It includes assurances that the offering materials do not contain any false or misleading information. 5. Indemnification and Contribution: The agreement addresses the indemnification and contribution provisions, stating the responsibilities of each party in case of any losses, damages, or liabilities incurred as a result of the agreement. It specifies the limitations and conditions under which indemnification can be claimed. 6. Termination: The agreement includes provisions for termination, specifying the circumstances under which either party can terminate the agreement. It highlights the consequences and obligations of both parties upon termination. Types of New Mexico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc.: 1. Initial Underwriting Agreement: This refers to the original agreement entered into between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. for the initial underwriting of the mortgage-backed securities. 2. Amended Underwriting Agreement: This includes any subsequent changes or modifications made to the initial agreement, which may arise due to market conditions, regulatory requirements, or other factors impacting the underwriting process. 3. Renewed Underwriting Agreement: This type of agreement is entered into when the initial agreement expires or reaches its agreed-upon term. It renews the underwriting relationship between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. for a specified period. In summary, the New Mexico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a comprehensive legal document outlining the terms and conditions of underwriting mortgage-backed securities. It covers various aspects such as underwriting terms, representations, indemnification, termination, and the responsibilities of each party involved.