Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages
The Tennessee Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 refers to a contractual agreement between ABCs Mortgage Loan Trust, a mortgage loan trust based in Tennessee, and Prudential Securities, Inc., a prominent investment banking and brokerage firm. This agreement defines the terms and conditions under which Prudential Securities, Inc. will underwrite the securities of ABCs Mortgage Loan Trust 1999-4. Under this agreement, Prudential Securities, Inc. agrees to purchase a specified number of shares or units of the mortgage-backed securities issued by ABCs Mortgage Loan Trust 1999-4 at a predetermined price. The purpose of this underwriting agreement is to assist ABCs Mortgage Loan Trust in raising capital by selling its securities to investors through Prudential Securities, Inc., acting as the underwriter. In this particular case, ABCs Mortgage Loan Trust 1999-4 represents a specific series or tranche of mortgage-backed securities offered by ABCs Mortgage Loan Trust. Different series or tranches might have distinct characteristics, such as varying interest rates, maturity dates, or underlying collateral pools. Prudential Securities, Inc. plays a crucial role as the underwriter in this agreement. As an underwriter, Prudential Securities, Inc. assumes the risk of purchasing the securities from ABCs Mortgage Loan Trust 1999-4 and subsequently selling them to investors. It also performs due diligence to verify the accuracy and completeness of information relating to the mortgage-backed securities, creating investor confidence in the offering. Moreover, the underwriting agreement may outline the obligations and responsibilities of Prudential Securities, Inc., such as marketing and distributing the securities, preparing the necessary offering documents, and complying with regulatory requirements. It may also include provisions related to potential changes in market conditions or unforeseen events that could impact the offering. In summary, the Tennessee Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding contract that establishes the relationship between ABCs Mortgage Loan Trust and Prudential Securities, Inc. for the underwriting and sale of mortgage-backed securities. Different types or series of these agreements may exist, depending on the specific offerings of ABCs Mortgage Loan Trust and the involvement of various underwriters.
The Tennessee Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 refers to a contractual agreement between ABCs Mortgage Loan Trust, a mortgage loan trust based in Tennessee, and Prudential Securities, Inc., a prominent investment banking and brokerage firm. This agreement defines the terms and conditions under which Prudential Securities, Inc. will underwrite the securities of ABCs Mortgage Loan Trust 1999-4. Under this agreement, Prudential Securities, Inc. agrees to purchase a specified number of shares or units of the mortgage-backed securities issued by ABCs Mortgage Loan Trust 1999-4 at a predetermined price. The purpose of this underwriting agreement is to assist ABCs Mortgage Loan Trust in raising capital by selling its securities to investors through Prudential Securities, Inc., acting as the underwriter. In this particular case, ABCs Mortgage Loan Trust 1999-4 represents a specific series or tranche of mortgage-backed securities offered by ABCs Mortgage Loan Trust. Different series or tranches might have distinct characteristics, such as varying interest rates, maturity dates, or underlying collateral pools. Prudential Securities, Inc. plays a crucial role as the underwriter in this agreement. As an underwriter, Prudential Securities, Inc. assumes the risk of purchasing the securities from ABCs Mortgage Loan Trust 1999-4 and subsequently selling them to investors. It also performs due diligence to verify the accuracy and completeness of information relating to the mortgage-backed securities, creating investor confidence in the offering. Moreover, the underwriting agreement may outline the obligations and responsibilities of Prudential Securities, Inc., such as marketing and distributing the securities, preparing the necessary offering documents, and complying with regulatory requirements. It may also include provisions related to potential changes in market conditions or unforeseen events that could impact the offering. In summary, the Tennessee Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. is a legally binding contract that establishes the relationship between ABCs Mortgage Loan Trust and Prudential Securities, Inc. for the underwriting and sale of mortgage-backed securities. Different types or series of these agreements may exist, depending on the specific offerings of ABCs Mortgage Loan Trust and the involvement of various underwriters.