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

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• County: Pima
• 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 The Lima Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legal document that outlines the terms and conditions of underwriting services provided by Prudential Securities, Inc. for the aforementioned mortgage loan trust. This agreement serves as a binding contract between the trust and Prudential Securities, Inc. Underwriting is a process commonly utilized in securities offerings, where an underwriter, in this case, Prudential Securities, Inc., agrees to purchase a specified number of securities from the trust and sell them to investors. Through this agreement, Prudential Securities, Inc. assumes the responsibility of evaluating the mortgage loan trust and managing the securities' distribution. The Lima Arizona Underwriting Agreement ensures that both parties adhere to specific terms, including the number and price of securities to be underwritten, any obligations or representations made by the trust, and the compensation and expenses incurred by Prudential Securities, Inc. It is important to note that there may be different types of underwriting agreements within the Lima Arizona specialty. These agreements can vary based on the specific terms and conditions agreed upon by the trust and Prudential Securities, Inc. Some potential variations may include: 1. Firm commitment underwriting agreement: This type of agreement guarantees that the underwriter will purchase all the securities offered by the trust, regardless of their sale to investors. 2. Best-efforts underwriting agreement: In this scenario, the underwriter commits to making their best effort to sell the securities on behalf of the trust. However, they do not assume full financial responsibility if they are unable to sell all the securities. 3. All-or-none underwriting agreement: This agreement stipulates that the underwriter must sell all the securities offered by the trust in order for the transaction to take place. If the underwriter fails to meet this requirement, the agreement becomes null and void. 4. Standby underwriting agreement: This type of agreement is commonly used when existing shareholders wish to exercise their preemptive rights. The underwriter commits to purchasing any shares that are not acquired by these existing shareholders. Therefore, the Lima Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. establishes the framework and obligations for underwriting services provided by Prudential Securities, Inc. within the context of the specified mortgage loan trust.

The Lima Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 is a legal document that outlines the terms and conditions of underwriting services provided by Prudential Securities, Inc. for the aforementioned mortgage loan trust. This agreement serves as a binding contract between the trust and Prudential Securities, Inc. Underwriting is a process commonly utilized in securities offerings, where an underwriter, in this case, Prudential Securities, Inc., agrees to purchase a specified number of securities from the trust and sell them to investors. Through this agreement, Prudential Securities, Inc. assumes the responsibility of evaluating the mortgage loan trust and managing the securities' distribution. The Lima Arizona Underwriting Agreement ensures that both parties adhere to specific terms, including the number and price of securities to be underwritten, any obligations or representations made by the trust, and the compensation and expenses incurred by Prudential Securities, Inc. It is important to note that there may be different types of underwriting agreements within the Lima Arizona specialty. These agreements can vary based on the specific terms and conditions agreed upon by the trust and Prudential Securities, Inc. Some potential variations may include: 1. Firm commitment underwriting agreement: This type of agreement guarantees that the underwriter will purchase all the securities offered by the trust, regardless of their sale to investors. 2. Best-efforts underwriting agreement: In this scenario, the underwriter commits to making their best effort to sell the securities on behalf of the trust. However, they do not assume full financial responsibility if they are unable to sell all the securities. 3. All-or-none underwriting agreement: This agreement stipulates that the underwriter must sell all the securities offered by the trust in order for the transaction to take place. If the underwriter fails to meet this requirement, the agreement becomes null and void. 4. Standby underwriting agreement: This type of agreement is commonly used when existing shareholders wish to exercise their preemptive rights. The underwriter commits to purchasing any shares that are not acquired by these existing shareholders. Therefore, the Lima Arizona Underwriting Agreement of ABCs Mortgage Loan Trust 1999-4 and Prudential Securities, Inc. establishes the framework and obligations for underwriting services provided by Prudential Securities, Inc. within the context of the specified mortgage loan trust.