Oklahoma 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 Keywords: Oklahoma, Underwriting Agreement, Advance Equipment Receivable Series LLC, Advance Bank Corporation. An Oklahoma Underwriting Agreement is a legal contract formed between Advance Equipment Receivable Series LLC (the issuer) and Advance Bank Corporation (the underwriter) for the purpose of underwriting the issuance of securities. This agreement outlines the terms and conditions between the two parties involved in the underwriting process. Underwriting is the process by which a financial institution, such as Advance Bank Corporation, assumes the responsibility of guaranteeing the sale of the securities issued by Advance Equipment Receivable Series LLC. This allows the issuer to raise capital through the sale of these securities, providing necessary funds for business operations, expansions, or other financial needs. The Oklahoma Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation specifies various important details, including the type of securities being issued, the underwriting fee, the terms of the offering, and the obligations and responsibilities of both parties. The agreement may encompass various types of Oklahoma Underwriting Agreements, depending on the specific circumstances and details of the securities being issued. Examples of different types of Oklahoma Underwriting Agreements include: 1. Firm Commitment Underwriting Agreement: This type of agreement is the most common and straightforward. It states that the underwriter commits to purchasing all the securities being issued by Advance Equipment Receivable Series LLC, even if they are unable to sell them to investors. The underwriter assumes the risk of not being able to resell the securities at the agreed-upon price. 2. The Best Efforts Underwriting Agreement: In this type of agreement, the underwriter agrees to use their best efforts to sell the securities on behalf of Advance Equipment Receivable Series LLC. However, unlike the firm commitment agreement, the underwriter is not obligated to purchase any unsold securities. They act as an intermediary between the issuer and potential investors, seeking to sell as many securities as possible while minimizing their risk. 3. Mini-Maxi Underwriting Agreement: This agreement establishes a predetermined range of securities that Advance Equipment Receivable Series LLC intends to issue. The underwriter agrees to sell as many securities within that range as possible, but only commits to purchasing a minimum number, known as the "minimum" or "min" commitment, and has the option to purchase additional securities up to a certain maximum, known as the "maximum" or "max" commitment. 4. All-or-None Underwriting Agreement: This agreement states that Advance Equipment Receivable Series LLC will only proceed with the issuance if the underwriter is able to sell all the securities offered. If the underwriter fails to sell all the securities, the agreement becomes void, and no securities are issued. In summary, an Oklahoma Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and obligations related to the underwriting of securities. Depending on the circumstances, different types of agreements may be used, such as firm commitment, the best efforts, mini-maxi, or all-or-none agreements. These agreements provide clarity and protection for both parties involved in the underwriting process.

Keywords: Oklahoma, Underwriting Agreement, Advance Equipment Receivable Series LLC, Advance Bank Corporation. An Oklahoma Underwriting Agreement is a legal contract formed between Advance Equipment Receivable Series LLC (the issuer) and Advance Bank Corporation (the underwriter) for the purpose of underwriting the issuance of securities. This agreement outlines the terms and conditions between the two parties involved in the underwriting process. Underwriting is the process by which a financial institution, such as Advance Bank Corporation, assumes the responsibility of guaranteeing the sale of the securities issued by Advance Equipment Receivable Series LLC. This allows the issuer to raise capital through the sale of these securities, providing necessary funds for business operations, expansions, or other financial needs. The Oklahoma Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation specifies various important details, including the type of securities being issued, the underwriting fee, the terms of the offering, and the obligations and responsibilities of both parties. The agreement may encompass various types of Oklahoma Underwriting Agreements, depending on the specific circumstances and details of the securities being issued. Examples of different types of Oklahoma Underwriting Agreements include: 1. Firm Commitment Underwriting Agreement: This type of agreement is the most common and straightforward. It states that the underwriter commits to purchasing all the securities being issued by Advance Equipment Receivable Series LLC, even if they are unable to sell them to investors. The underwriter assumes the risk of not being able to resell the securities at the agreed-upon price. 2. The Best Efforts Underwriting Agreement: In this type of agreement, the underwriter agrees to use their best efforts to sell the securities on behalf of Advance Equipment Receivable Series LLC. However, unlike the firm commitment agreement, the underwriter is not obligated to purchase any unsold securities. They act as an intermediary between the issuer and potential investors, seeking to sell as many securities as possible while minimizing their risk. 3. Mini-Maxi Underwriting Agreement: This agreement establishes a predetermined range of securities that Advance Equipment Receivable Series LLC intends to issue. The underwriter agrees to sell as many securities within that range as possible, but only commits to purchasing a minimum number, known as the "minimum" or "min" commitment, and has the option to purchase additional securities up to a certain maximum, known as the "maximum" or "max" commitment. 4. All-or-None Underwriting Agreement: This agreement states that Advance Equipment Receivable Series LLC will only proceed with the issuance if the underwriter is able to sell all the securities offered. If the underwriter fails to sell all the securities, the agreement becomes void, and no securities are issued. In summary, an Oklahoma Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and obligations related to the underwriting of securities. Depending on the circumstances, different types of agreements may be used, such as firm commitment, the best efforts, mini-maxi, or all-or-none agreements. These agreements provide clarity and protection for both parties involved in the underwriting process.