Oregon 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 The Oregon Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding document that outlines the terms and conditions in regard to the underwriting of securities issued by Advance Equipment Receivable Series LLC in the state of Oregon. This agreement ensures a clear understanding and effective partnership between the two entities involved. Under the Oregon Underwriting Agreement, Advance Bank Corporation agrees to underwrite and purchase a specific number of securities issued by Advance Equipment Receivable Series LLC. These securities may include equipment receivables, promissory notes, or other financial instruments tied to the equipment leasing industry. The agreement covers various important aspects, such as the terms of the underwriting, the price at which the securities will be underwritten, and any applicable fees or expenses. It also encompasses the rights and obligations of both Advance Equipment Receivable Series LLC and Advance Bank Corporation, including representations and warranties made by each party. Furthermore, the agreement may include provisions for various types of Oregon Underwriting Agreements between the two entities. These could include: 1. Firm Commitment Underwriting Agreement: This type of agreement states that Advance Bank Corporation agrees to purchase all the offered securities, even if it means holding an inventory of unsold securities until they can be sold to investors. 2. The Best Efforts Underwriting Agreement: In this scenario, Advance Bank Corporation agrees to use its best efforts to sell the securities, but without any guarantee that all of them will be sold. The corporation will only be responsible for purchasing the securities that are successfully sold. 3. All-or-None Underwriting Agreement: Under this agreement, Advance Bank Corporation commits to purchasing all the offered securities only if all of them can be sold. If any of the securities remain unsold, the agreement is considered void. 4. Standby Underwriting Agreement: This type of agreement is typically used for rights offerings or initial public offerings (IPOs). Advance Bank Corporation agrees to purchase any remaining securities that are not acquired by existing shareholders or the public during the offering. The Oregon Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a crucial step in the securities' issuance process. It ensures compliance with relevant laws and regulations and establishes a framework for a successful underwriting transaction.

The Oregon Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding document that outlines the terms and conditions in regard to the underwriting of securities issued by Advance Equipment Receivable Series LLC in the state of Oregon. This agreement ensures a clear understanding and effective partnership between the two entities involved. Under the Oregon Underwriting Agreement, Advance Bank Corporation agrees to underwrite and purchase a specific number of securities issued by Advance Equipment Receivable Series LLC. These securities may include equipment receivables, promissory notes, or other financial instruments tied to the equipment leasing industry. The agreement covers various important aspects, such as the terms of the underwriting, the price at which the securities will be underwritten, and any applicable fees or expenses. It also encompasses the rights and obligations of both Advance Equipment Receivable Series LLC and Advance Bank Corporation, including representations and warranties made by each party. Furthermore, the agreement may include provisions for various types of Oregon Underwriting Agreements between the two entities. These could include: 1. Firm Commitment Underwriting Agreement: This type of agreement states that Advance Bank Corporation agrees to purchase all the offered securities, even if it means holding an inventory of unsold securities until they can be sold to investors. 2. The Best Efforts Underwriting Agreement: In this scenario, Advance Bank Corporation agrees to use its best efforts to sell the securities, but without any guarantee that all of them will be sold. The corporation will only be responsible for purchasing the securities that are successfully sold. 3. All-or-None Underwriting Agreement: Under this agreement, Advance Bank Corporation commits to purchasing all the offered securities only if all of them can be sold. If any of the securities remain unsold, the agreement is considered void. 4. Standby Underwriting Agreement: This type of agreement is typically used for rights offerings or initial public offerings (IPOs). Advance Bank Corporation agrees to purchase any remaining securities that are not acquired by existing shareholders or the public during the offering. The Oregon Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a crucial step in the securities' issuance process. It ensures compliance with relevant laws and regulations and establishes a framework for a successful underwriting transaction.