Franklin Ohio Underwriting Agreement between Advanta Equipment Receivable Series LLC and Advanta Bank Corporation

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• County: Franklin
• Control #: US-EG-9171
• Format: Word; Rich Text

Description

Underwriting Agreement between Advanta Equipment Receivable Series 2000-_____ LLC and Advanta Bank Corp. dated 00/00. 14 pages Franklin Ohio Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and conditions under which Advance Bank Corporation agrees to underwrite the securities issued by Advance Equipment Receivable Series LLC in Franklin, Ohio. This agreement is a vital component in the process of raising capital and managing risk for both companies involved. The agreement typically includes key provisions such as the description of the securities being underwritten, the underwriting fee and payment terms, the rights and obligations of each party, and the conditions under which the underwriting can be terminated or amended. It also includes representations, warranties, and covenants made by both parties to ensure compliance with applicable laws and regulations. The primary purpose of the Franklin Ohio Underwriting Agreement is to establish a mutually beneficial relationship between the issuer (Advance Equipment Receivable Series LLC) and the underwriter (Advance Bank Corporation) where Advance Bank Corporation assists with the issuance and sale of securities to market participants. This agreement provides Advance Equipment Receivable Series LLC with access to capital markets and ensures a successful offering while protecting Advance Bank Corporation's interests. There may be different types of Franklin Ohio Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation, based on specific transaction requirements. Some potential types could include: 1. Firm Commitment Underwriting Agreement: This type of agreement signifies that Advance Bank Corporation commits to purchasing and underwriting the entire offering of securities from Advance Equipment Receivable Series LLC, regardless of market demand. This provides certainty to Advance Equipment Receivable Series LLC in terms of raising funds for its operations or investments. 2. The Best Efforts Underwriting Agreement: In this arrangement, Advance Bank Corporation agrees to use its best efforts to sell the securities issued by Advance Equipment Receivable Series LLC to investors but does not guarantee the sale. The underwriter will only purchase the securities that are successfully sold to investors, reducing the underwriter's risk. 3. Standby Underwriting Agreement: This type of agreement is commonly utilized in the case of rights offerings or when existing shareholders have the option to purchase additional securities. Advance Bank Corporation commits to purchasing any unsubscribed securities at a predetermined price to ensure the success of the offering. In conclusion, the Franklin Ohio Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a crucial document that governs the underwriting process and helps facilitate the successful issuance and sale of securities. The agreement ensures legal protection, establishes responsibilities, and defines key financial terms to benefit both parties involved.

Franklin Ohio Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and conditions under which Advance Bank Corporation agrees to underwrite the securities issued by Advance Equipment Receivable Series LLC in Franklin, Ohio. This agreement is a vital component in the process of raising capital and managing risk for both companies involved. The agreement typically includes key provisions such as the description of the securities being underwritten, the underwriting fee and payment terms, the rights and obligations of each party, and the conditions under which the underwriting can be terminated or amended. It also includes representations, warranties, and covenants made by both parties to ensure compliance with applicable laws and regulations. The primary purpose of the Franklin Ohio Underwriting Agreement is to establish a mutually beneficial relationship between the issuer (Advance Equipment Receivable Series LLC) and the underwriter (Advance Bank Corporation) where Advance Bank Corporation assists with the issuance and sale of securities to market participants. This agreement provides Advance Equipment Receivable Series LLC with access to capital markets and ensures a successful offering while protecting Advance Bank Corporation's interests. There may be different types of Franklin Ohio Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation, based on specific transaction requirements. Some potential types could include: 1. Firm Commitment Underwriting Agreement: This type of agreement signifies that Advance Bank Corporation commits to purchasing and underwriting the entire offering of securities from Advance Equipment Receivable Series LLC, regardless of market demand. This provides certainty to Advance Equipment Receivable Series LLC in terms of raising funds for its operations or investments. 2. The Best Efforts Underwriting Agreement: In this arrangement, Advance Bank Corporation agrees to use its best efforts to sell the securities issued by Advance Equipment Receivable Series LLC to investors but does not guarantee the sale. The underwriter will only purchase the securities that are successfully sold to investors, reducing the underwriter's risk. 3. Standby Underwriting Agreement: This type of agreement is commonly utilized in the case of rights offerings or when existing shareholders have the option to purchase additional securities. Advance Bank Corporation commits to purchasing any unsubscribed securities at a predetermined price to ensure the success of the offering. In conclusion, the Franklin Ohio Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a crucial document that governs the underwriting process and helps facilitate the successful issuance and sale of securities. The agreement ensures legal protection, establishes responsibilities, and defines key financial terms to benefit both parties involved.