Underwriting Agreement of ABFS Mortgage Loan Trust 1999-4 and Prudential Securities Incorporation dated October 21, 1999. 20 pages
The Houston Texas Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legal document that outlines the terms and conditions of the underwriting agreement between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., a reputable underwriter in the financial industry. This agreement is specifically related to the underwriting of mortgage loans within the trust. Underwriting agreements are common in the financial sector and play a crucial role in the issuance of securities. They ensure that issuers of securities, in this case, mortgage loans within ABCs Mortgage Loan Trust 1999-4, receive the necessary funds by selling the securities to investors. The underwriter, Prudential Securities, Inc. in this case, acts as the intermediary between the issuer and the investors, facilitating the sale of the securities. The Houston Texas Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. typically cover various important aspects. Firstly, it outlines the responsibilities and obligations of the underwriter, including conducting due diligence on the mortgage loans, preparing the offering documents, and pricing the securities. It also specifies the fees and compensation structure for the underwriter. The agreement also highlights the representations and warranties made by the issuer regarding the mortgage loans, stating that they are accurate and complete. Additionally, it may include provisions related to the indemnification of the underwriter in case the issuer breaches any of the representations or warranties. Furthermore, the Houston Texas Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. may cover the conditions under which the underwriter can terminate the agreement, including cases where there is a material adverse change in the financial markets or the issuer's financial condition. It is essential to note that this is a general description of an underwriting agreement, and the specific terms and conditions may vary for different agreements. Therefore, it is crucial to review the actual agreement between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. for precise details regarding their unique agreement.
The Houston Texas Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legal document that outlines the terms and conditions of the underwriting agreement between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc., a reputable underwriter in the financial industry. This agreement is specifically related to the underwriting of mortgage loans within the trust. Underwriting agreements are common in the financial sector and play a crucial role in the issuance of securities. They ensure that issuers of securities, in this case, mortgage loans within ABCs Mortgage Loan Trust 1999-4, receive the necessary funds by selling the securities to investors. The underwriter, Prudential Securities, Inc. in this case, acts as the intermediary between the issuer and the investors, facilitating the sale of the securities. The Houston Texas Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. typically cover various important aspects. Firstly, it outlines the responsibilities and obligations of the underwriter, including conducting due diligence on the mortgage loans, preparing the offering documents, and pricing the securities. It also specifies the fees and compensation structure for the underwriter. The agreement also highlights the representations and warranties made by the issuer regarding the mortgage loans, stating that they are accurate and complete. Additionally, it may include provisions related to the indemnification of the underwriter in case the issuer breaches any of the representations or warranties. Furthermore, the Houston Texas Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. may cover the conditions under which the underwriter can terminate the agreement, including cases where there is a material adverse change in the financial markets or the issuer's financial condition. It is essential to note that this is a general description of an underwriting agreement, and the specific terms and conditions may vary for different agreements. Therefore, it is crucial to review the actual agreement between ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. for precise details regarding their unique agreement.