The Texas Underwriting Agreement is a legally binding contract entered into between Advance Equipment Receivable Series LLC and Advance Bank Corporation, two prominent entities operating in the finance sector. This agreement outlines the terms and conditions regarding the underwriting process for offering securities, specifically equipment receivables, to potential investors in the state of Texas. Under the Texas Underwriting Agreement, Advance Equipment Receivable Series LLC acts as the issuer of the securities, seeking financial investment, while Advance Bank Corporation assumes the role of the underwriter. The underwriter's responsibility is to assess the value and marketability of the securities and then purchase them from the issuer at a predetermined price. Subsequently, the underwriter sells these securities to investors, aiming to generate capital for Advance Equipment Receivable Series LLC. Through this agreement, both parties establish a mutual understanding of their roles and obligations during the underwriting process. The agreement incorporates essential provisions such as the agreed-upon purchase price for the securities, the underwriter's fee or commission, the deadline for completing the distribution of securities, and any applicable termination clauses. In the context of Texas, there may be various types of Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation, which can be tailored to meet different requirements. These may include variations depending on the specific type of securities being underwritten, such as equipment receivables for different industries or market segments. Some potential categories of Texas Underwriting Agreements may include: 1. Equipment Receivables Underwriting Agreement for the Energy Sector: This agreement could be tailored specifically for underwriting equipment receivables related to the energy industry in Texas, encompassing sectors such as oil and gas, renewable energy, or power generation. 2. Equipment Receivables Underwriting Agreement for the Healthcare Sector: This type of agreement could focus on underwriting equipment receivables within the healthcare industry, encompassing medical equipment, pharmaceuticals, or healthcare technology. 3. Equipment Receivables Underwriting Agreement for the Manufacturing Sector: This could involve underwriting equipment receivables related to manufacturing processes, machinery, or equipment financing for industrial production. These are just a few examples of the potential variations of Texas Underwriting Agreements that could exist between Advance Equipment Receivable Series LLC and Advance Bank Corporation. The specific content and terms of each agreement will depend on the nature of the equipment receivables being underwritten and the specific needs and preferences of the parties involved.