The New Mexico Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legal document that outlines the terms and conditions under which Advance Bank Corporation agrees to purchase and underwrite the equipment receivables originating from Advance Equipment Receivable Series LLC in the state of New Mexico. This agreement is designed to establish a mutually beneficial relationship between the two parties and facilitate the purchase of equipment receivables. Under the terms of this agreement, Advance Equipment Receivable Series LLC agrees to sell and assign their equipment receivables to Advance Bank Corporation, who, in turn, agrees to purchase and underwrite these receivables. The agreement outlines various key provisions and clauses, including the purchase price of the equipment receivables, payment terms, interest rates, due diligence requirements, representations and warranties, indemnification, default provisions, and dispute resolution mechanisms. It ensures that both parties are protected and have a clear understanding of their rights, obligations, and expectations. It is important to note that while there may be different types of New Mexico Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation, they would typically vary based on specific terms and conditions tailored to different contexts or transactions. For example, there might be variations based on the type of equipment involved, the duration of the agreement, specific reporting requirements, or any additional provisions that may be required by either party. Overall, the New Mexico Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation serves as a crucial legal document that governs the purchase and underwriting of equipment receivables in the state of New Mexico, facilitating a seamless and profitable relationship between the two entities.
New Mexico Underwriting Agreement between Advanta Equipment Receivable Series LLC and Advanta Bank Corporation
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