Puerto Rico Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities, Inc.

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• Control #: US-EG-9057
• Format: Word; Rich Text

Description

Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages Puerto Rico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4, also involving Prudential Securities, Inc., is a legal contract that establishes the terms and conditions for the underwriting and distribution of mortgage loans in Puerto Rico. This agreement outlines the obligations and responsibilities of both parties involved in the transaction. Under this agreement, ABCs Mortgage Loan Trust 1999-4, acting as the issuer, appoints Prudential Securities, Inc. as the underwriter for the mortgage loans. Prudential Securities, Inc. agrees to purchase and sell the mortgage loans to investors on behalf of ABCs Mortgage Loan Trust 1999-4. The underwriting agreement ensures the proper offering and sale of the mortgage loans in compliance with applicable laws and regulations. The Puerto Rico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. contains essential provisions, including: 1. Terms and Conditions: The agreement defines the terms and conditions for the underwriting process, including the pricing, amount, and maturity of the mortgage loans. 2. Representations and Warranties: It establishes the representations and warranties made by both parties, ensuring that the mortgage loans are in compliance with the required standards and that any information provided is accurate and complete. 3. Obligations and Responsibilities: The agreement outlines the responsibilities of the issuer and the underwriter, including due diligence, marketing, and the delivery of necessary documents. 4. Compensation and Expenses: It specifies the compensation to be paid by the issuer to the underwriter for their services, as well as the reimbursement of reasonable expenses incurred during the underwriting process. 5. Termination and Default: The agreement includes provisions for termination and default, defining the conditions under which either party can terminate the agreement or consider the other party in default. Different types of Puerto Rico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. may exist depending on the specific characteristics of the mortgage loans involved, such as the type of loans (fixed-rate, adjustable-rate), the collateral securing the loans (residential, commercial), or the targeted investors (institutional, retail). Each variation may have its own distinct terms and considerations within the broader agreement framework.

Puerto Rico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4, also involving Prudential Securities, Inc., is a legal contract that establishes the terms and conditions for the underwriting and distribution of mortgage loans in Puerto Rico. This agreement outlines the obligations and responsibilities of both parties involved in the transaction. Under this agreement, ABCs Mortgage Loan Trust 1999-4, acting as the issuer, appoints Prudential Securities, Inc. as the underwriter for the mortgage loans. Prudential Securities, Inc. agrees to purchase and sell the mortgage loans to investors on behalf of ABCs Mortgage Loan Trust 1999-4. The underwriting agreement ensures the proper offering and sale of the mortgage loans in compliance with applicable laws and regulations. The Puerto Rico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. contains essential provisions, including: 1. Terms and Conditions: The agreement defines the terms and conditions for the underwriting process, including the pricing, amount, and maturity of the mortgage loans. 2. Representations and Warranties: It establishes the representations and warranties made by both parties, ensuring that the mortgage loans are in compliance with the required standards and that any information provided is accurate and complete. 3. Obligations and Responsibilities: The agreement outlines the responsibilities of the issuer and the underwriter, including due diligence, marketing, and the delivery of necessary documents. 4. Compensation and Expenses: It specifies the compensation to be paid by the issuer to the underwriter for their services, as well as the reimbursement of reasonable expenses incurred during the underwriting process. 5. Termination and Default: The agreement includes provisions for termination and default, defining the conditions under which either party can terminate the agreement or consider the other party in default. Different types of Puerto Rico Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. may exist depending on the specific characteristics of the mortgage loans involved, such as the type of loans (fixed-rate, adjustable-rate), the collateral securing the loans (residential, commercial), or the targeted investors (institutional, retail). Each variation may have its own distinct terms and considerations within the broader agreement framework.