The North Carolina Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a legally binding contract that outlines the terms and conditions regarding the sale and purchase of securities issued by Advance Equipment Receivable Series LLC. This agreement is specifically designed to comply with the laws and regulations of North Carolina. Under this agreement, Advance Equipment Receivable Series LLC, as the issuer, agrees to offer and sell the securities, while Advance Bank Corporation, as the underwriter, agrees to purchase and distribute these securities to potential investors. The agreement includes provisions regarding the quantity, price, and timing of the securities, as well as the responsibilities and obligations of both parties involved. The North Carolina Underwriting Agreement outlines the procedure for the underwriting process, which includes due diligence by the underwriter to assess the creditworthiness of Advance Equipment Receivable Series LLC and its ability to meet its financial obligations. It also delineates the disclosure requirements and representations made by both parties, ensuring that all material information regarding the securities is accurately presented to potential investors. Furthermore, the agreement includes representations and warranties, risk allocation mechanisms, and indemnification provisions to protect both parties from any potential legal or financial liabilities that may arise during or after the underwriting process. These provisions help in establishing a fair and transparent transaction, promoting trust and confidence between Advance Equipment Receivable Series LLC and Advance Bank Corporation. Different types of North Carolina Underwriting Agreements between Advance Equipment Receivable Series LLC and Advance Bank Corporation may vary based on specific circumstances or the nature of the securities involved. These variations could include agreements for different classes of securities, offering sizes, or specific terms and conditions dictated by market dynamics or regulatory requirements. Each agreement is tailored to address the unique characteristics of the securities being underwritten and to meet the legal and business considerations of both parties. In conclusion, the North Carolina Underwriting Agreement between Advance Equipment Receivable Series LLC and Advance Bank Corporation is a comprehensive contract designed to govern the underwriting process of securities in a transparent, fair, and legally compliant manner. It ensures that all parties involved are protected and that potential investors are provided with accurate and adequate information to make informed investment decisions.