Ohio 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 Ohio Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation serves as a legally binding document that outlines the terms, conditions, and responsibilities for the underwriting services provided by Advance Bank to Advance Equipment Receivable Series LLC in the state of Ohio. This agreement ensures a systematic and transparent process for the underwriting of financial transactions. Through this agreement, Advance Bank Corporation agrees to underwrite certain financial instruments or securities issued by Advance Equipment Receivable Series LLC, which could include bonds, notes, or other debt securities. The underwriting services provided by Advance Bank involve assessing the creditworthiness, marketability, and risk factors associated with the issued securities. The Ohio Underwriting Agreement delineates the obligations and responsibilities of both parties involved. It includes the terms of the underwriting arrangement, such as the duration of the agreement, the compensation to be received by Advance Bank, and the allocation of risks between the parties. Additionally, the agreement may outline the circumstances under which the underwriting agreement can be terminated or modified. It is important to note that there may be various types or variations of Ohio Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation. These could include the following: 1. Firm Commitment Underwriting Agreement: This type of agreement establishes that Advance Bank commits to purchasing the entire issue of securities from Advance Equipment Receivable Series LLC, regardless of whether they can resell them to investors or not. The bank assumes the risk if the securities cannot be sold at the agreed price. 2. The Best Efforts Underwriting Agreement: In this scenario, Advance Bank agrees to use its best efforts to sell the securities issued by Advance Equipment Receivable Series LLC to investors. However, unlike the firm commitment agreement, the bank is not obligated to purchase any unsold securities, transferring the risk of unsold securities back to Advance Equipment Receivable Series LLC. 3. Standby Underwriting Agreement: This agreement is typically used for rights offerings or initial public offerings (IPOs). Advance Bank commits to purchasing any unsold securities in the offering if existing shareholders or investors do not exercise their rights or fail to subscribe to the offered securities. These are just a few examples of the different types of Ohio Underwriting Agreements that may exist between Advance Equipment Receivable Series LLC and Advance Bank Corporation. The specific terms and variations within each agreement will depend on the nature of the securities being underwritten, market conditions, and the parties' negotiating positions.

Ohio Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation serves as a legally binding document that outlines the terms, conditions, and responsibilities for the underwriting services provided by Advance Bank to Advance Equipment Receivable Series LLC in the state of Ohio. This agreement ensures a systematic and transparent process for the underwriting of financial transactions. Through this agreement, Advance Bank Corporation agrees to underwrite certain financial instruments or securities issued by Advance Equipment Receivable Series LLC, which could include bonds, notes, or other debt securities. The underwriting services provided by Advance Bank involve assessing the creditworthiness, marketability, and risk factors associated with the issued securities. The Ohio Underwriting Agreement delineates the obligations and responsibilities of both parties involved. It includes the terms of the underwriting arrangement, such as the duration of the agreement, the compensation to be received by Advance Bank, and the allocation of risks between the parties. Additionally, the agreement may outline the circumstances under which the underwriting agreement can be terminated or modified. It is important to note that there may be various types or variations of Ohio Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation. These could include the following: 1. Firm Commitment Underwriting Agreement: This type of agreement establishes that Advance Bank commits to purchasing the entire issue of securities from Advance Equipment Receivable Series LLC, regardless of whether they can resell them to investors or not. The bank assumes the risk if the securities cannot be sold at the agreed price. 2. The Best Efforts Underwriting Agreement: In this scenario, Advance Bank agrees to use its best efforts to sell the securities issued by Advance Equipment Receivable Series LLC to investors. However, unlike the firm commitment agreement, the bank is not obligated to purchase any unsold securities, transferring the risk of unsold securities back to Advance Equipment Receivable Series LLC. 3. Standby Underwriting Agreement: This agreement is typically used for rights offerings or initial public offerings (IPOs). Advance Bank commits to purchasing any unsold securities in the offering if existing shareholders or investors do not exercise their rights or fail to subscribe to the offered securities. These are just a few examples of the different types of Ohio Underwriting Agreements that may exist between Advance Equipment Receivable Series LLC and Advance Bank Corporation. The specific terms and variations within each agreement will depend on the nature of the securities being underwritten, market conditions, and the parties' negotiating positions.