Montgomery Maryland Underwriting Agreement between Advanta Equipment Receivable Series LLC and Advanta Bank Corporation

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• County: Montgomery
• 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 Montgomery, Maryland Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and conditions of the underwriting process for equipment receivables in Montgomery, Maryland. It is designed to protect the interests of both parties involved in the agreement. The underwriting agreement establishes the roles and responsibilities of Advance Equipment Receivable Series LLC, acting as the issuer of the equipment receivables, and Advance Bank Corporation, acting as the underwriter. The agreement ensures that both parties are aware of their obligations and rights throughout the underwriting process. In this agreement, Advance Equipment Receivable Series LLC agrees to issue a specified amount of equipment receivables, which may include loans, lease payments, or other financial instruments related to equipment transactions. Advance Bank Corporation, as the underwriter, agrees to purchase the equipment receivables from Advance Equipment Receivable Series LLC at an agreed-upon price. The underwriting agreement also outlines the terms of the purchase, including the purchase price, payment terms, and any conditions that need to be met for the transaction to take place. It may include provisions related to the identification and verification of the equipment receivables, ensuring their validity and quality. Additionally, the agreement may specify different types of Montgomery, Maryland Underwriting Agreements that can be entered into between Advance Equipment Receivable Series LLC and Advance Bank Corporation. These types could include: 1. Standby Underwriting Agreement: This type of agreement obligates the underwriter to purchase any unsold equipment receivables if they fail to be sold to investors during the underwriting period. 2. Firm Commitment Underwriting Agreement: In this agreement, the underwriter guarantees the purchase of all equipment receivables from Advance Equipment Receivable Series LLC, regardless of whether they are sold to investors or not. 3. The Best Efforts Underwriting Agreement: This type of agreement specifies that the underwriter will make a reasonable effort to sell the equipment receivables to investors but does not guarantee their purchase. The underwriter assumes no obligation to purchase any unsold receivables. The Montgomery, Maryland Underwriting Agreement serves as a crucial document in facilitating the underwriting process, ensuring transparency, and providing legal protection to both parties involved. It establishes the framework for a successful transaction, allowing Advance Equipment Receivable Series LLC to access capital through the sale of equipment receivables while providing Advance Bank Corporation with investment opportunities.

Montgomery, Maryland Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and conditions of the underwriting process for equipment receivables in Montgomery, Maryland. It is designed to protect the interests of both parties involved in the agreement. The underwriting agreement establishes the roles and responsibilities of Advance Equipment Receivable Series LLC, acting as the issuer of the equipment receivables, and Advance Bank Corporation, acting as the underwriter. The agreement ensures that both parties are aware of their obligations and rights throughout the underwriting process. In this agreement, Advance Equipment Receivable Series LLC agrees to issue a specified amount of equipment receivables, which may include loans, lease payments, or other financial instruments related to equipment transactions. Advance Bank Corporation, as the underwriter, agrees to purchase the equipment receivables from Advance Equipment Receivable Series LLC at an agreed-upon price. The underwriting agreement also outlines the terms of the purchase, including the purchase price, payment terms, and any conditions that need to be met for the transaction to take place. It may include provisions related to the identification and verification of the equipment receivables, ensuring their validity and quality. Additionally, the agreement may specify different types of Montgomery, Maryland Underwriting Agreements that can be entered into between Advance Equipment Receivable Series LLC and Advance Bank Corporation. These types could include: 1. Standby Underwriting Agreement: This type of agreement obligates the underwriter to purchase any unsold equipment receivables if they fail to be sold to investors during the underwriting period. 2. Firm Commitment Underwriting Agreement: In this agreement, the underwriter guarantees the purchase of all equipment receivables from Advance Equipment Receivable Series LLC, regardless of whether they are sold to investors or not. 3. The Best Efforts Underwriting Agreement: This type of agreement specifies that the underwriter will make a reasonable effort to sell the equipment receivables to investors but does not guarantee their purchase. The underwriter assumes no obligation to purchase any unsold receivables. The Montgomery, Maryland Underwriting Agreement serves as a crucial document in facilitating the underwriting process, ensuring transparency, and providing legal protection to both parties involved. It establishes the framework for a successful transaction, allowing Advance Equipment Receivable Series LLC to access capital through the sale of equipment receivables while providing Advance Bank Corporation with investment opportunities.