Travis Texas Underwriting Agreement between Advanta Equipment Receivable Series LLC and Advanta Bank Corporation

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• County: Travis
• 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 Travis Texas Underwriting Agreement is a legally binding contract established between Advance Equipment Receivable Series LLC (the "Issuer") and Advance Bank Corporation (the "Underwriter"). This agreement outlines the terms and conditions under which the Underwriter agrees to purchase a specified number of securities issued by the Issuer, thus facilitating the financial offering process. The purpose of the Travis Texas Underwriting Agreement is to ensure the successful marketing and distribution of the securities offered by the Issuer. The Underwriter, acting as an intermediary, agrees to purchase and resell the securities, either on a firm commitment or best efforts' basis, to potential investors. This process helps the Issuer raise funds for various projects or initiatives. Keywords: underwriting agreement, Advance Equipment Receivable Series LLC, Advance Bank Corporation, securities, financial offering, marketing, distribution, firm commitment, the best efforts, investors, raise funds. There may be different types of Travis Texas Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation, depending on the specifics of the offering. These can include: 1. Firm Commitment Agreement: In this type of underwriting agreement, the Underwriter commits to purchasing the entire offering from the Issuer, accepting full financial responsibility if the securities fail to sell to investors. The Underwriter assumes the risk and receives a predetermined underwriting fee. 2. The Best Efforts Agreement: Under this agreement, the Underwriter commits to making a reasonable effort to sell the securities to investors but does not face the same financial responsibility as in a firm commitment agreement. The Underwriter will receive a fee based on the portion of the offering sold. 3. Standby Agreement: This type of underwriting agreement is commonly used in rights offerings or initial public offerings (IPOs). The Underwriter commits to purchasing any remaining securities not subscribed by existing shareholders or the public. The Underwriter agrees to step in and ensure the success of the offering. 4. All-or-None Agreement: In this agreement, the Underwriter agrees to sell the entire offering to investors; otherwise, the offering will be canceled. If the Underwriter fails to sell the entire offering, no commission or fee will be received. 5. Mini-Maxi Agreement: This agreement establishes a minimum and maximum amount of securities that must be sold for the offering to proceed. The Underwriter commits to selling as many securities as possible within the given range. If the minimum amount is not reached, the offering may be canceled. Overall, the Travis Texas Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation serves as a crucial instrument in effectively raising funds for the Issuer's projects or initiatives, while providing the Underwriter with potential financial benefits based on the type of agreement established.

Travis Texas Underwriting Agreement is a legally binding contract established between Advance Equipment Receivable Series LLC (the "Issuer") and Advance Bank Corporation (the "Underwriter"). This agreement outlines the terms and conditions under which the Underwriter agrees to purchase a specified number of securities issued by the Issuer, thus facilitating the financial offering process. The purpose of the Travis Texas Underwriting Agreement is to ensure the successful marketing and distribution of the securities offered by the Issuer. The Underwriter, acting as an intermediary, agrees to purchase and resell the securities, either on a firm commitment or best efforts' basis, to potential investors. This process helps the Issuer raise funds for various projects or initiatives. Keywords: underwriting agreement, Advance Equipment Receivable Series LLC, Advance Bank Corporation, securities, financial offering, marketing, distribution, firm commitment, the best efforts, investors, raise funds. There may be different types of Travis Texas Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation, depending on the specifics of the offering. These can include: 1. Firm Commitment Agreement: In this type of underwriting agreement, the Underwriter commits to purchasing the entire offering from the Issuer, accepting full financial responsibility if the securities fail to sell to investors. The Underwriter assumes the risk and receives a predetermined underwriting fee. 2. The Best Efforts Agreement: Under this agreement, the Underwriter commits to making a reasonable effort to sell the securities to investors but does not face the same financial responsibility as in a firm commitment agreement. The Underwriter will receive a fee based on the portion of the offering sold. 3. Standby Agreement: This type of underwriting agreement is commonly used in rights offerings or initial public offerings (IPOs). The Underwriter commits to purchasing any remaining securities not subscribed by existing shareholders or the public. The Underwriter agrees to step in and ensure the success of the offering. 4. All-or-None Agreement: In this agreement, the Underwriter agrees to sell the entire offering to investors; otherwise, the offering will be canceled. If the Underwriter fails to sell the entire offering, no commission or fee will be received. 5. Mini-Maxi Agreement: This agreement establishes a minimum and maximum amount of securities that must be sold for the offering to proceed. The Underwriter commits to selling as many securities as possible within the given range. If the minimum amount is not reached, the offering may be canceled. Overall, the Travis Texas Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation serves as a crucial instrument in effectively raising funds for the Issuer's projects or initiatives, while providing the Underwriter with potential financial benefits based on the type of agreement established.