Monday, March 23, 2009

First TALF Underwriting Agreement

Yesterday, Nissan Auto Recievables filed an 8-K attaching as exhibit 1.1 what appears to be the first TALF-specific underwriting agreement. Bank of America Securities is the underwiter. Section 7 of the agreement "Conditions of the Obligations of the Underwriter" contains a number of TALF-related obligations and there is an attached "Form of TALF Undertaking."

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