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Indenture Form Meaning In Allegheny - Release and Cancellation of Trust Agreement - Trust Indenture

State:
Multi-State
County:
Allegheny
Control #:
US-00195
Format:
Word
Instant download

Description

Liberación del contrato de fideicomiso Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
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FAQ

First, in an Indenture, the Trustee accepts its duties to the bondholders and agrees to monitor and handle the moneys received from the Bond Issue, to handle the revenues pledged as Security for the repayment of the Bonds, to deposit moneys into the various funds and accounts created under the Indenture and to make any ...

1985) (“Unlike the ordinary trustee, who has historic common-law duties imposed beyond those in the trust agreement, an indenture trustee is more like a stakeholder whose duties and obligations are exclusively defined by the terms of the indenture agreement.”); Harold L. Kaplan & Mark F.

A contract between an Issuer and a Trustee (normally a commercial bank with trust powers) under which the Issuer issues Bonds and specifies their Maturities, Interest Rates, Redemption provisions, form, exchange provisions, security and other terms.

To issue a bond, the issuer hires a third-party trustee, usually a bank or trust company, to represent investors who buy the bond. The agreement entered into by the issuer, and the trustee is referred to as the trust indenture.

A bond trustee is hired by a bond issuer and oversees the implementation of a bond or trust indenture, which is a contract between a bond issuer and a bondholder. The trustee has a fiduciary responsibility to act on behalf of the issuer, rather than in its own interests.

§ 9.100 Acting as indenture trustee and creditor. With respect to a debt securities issuance, a national bank may act both as indenture trustee and as creditor until 90 days after default, if the bank maintains adequate controls to manage the potential conflicts of interest.

A deed made between two or more parties who are not acting as one person. The word indenture originated in the days when the requisite number of copies of a deed would be engrossed onto a single piece of parchment, which would then be cut into individual deeds, with each party holding his own copy.

The term is used for any kind of deed executed by more than one party, in contrast to a deed poll which is made by one individual. In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party.

An indenture is a legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants. There can be a few different types of indentures and many different types of indenture clauses.

More info

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. "Base Indenture" has the meaning provided in the recitals." Base Indenture " has the meaning provided in the recitals. " Change of Control " has the meaning provided in Section 4.02. Indenture refers to a legal and binding agreement, contract, or document between two or more parties. " Independent Investment Banker " has the meaning provided in Section 4.01. " Indenture " has the meaning provided in the recitals. "Indenture" has the meaning set forth in the recitals to this Agreement. "Issuer" has the meaning set forth in the first paragraph of this Agreement. 2. An indenture is a legal contract that reflects an agreement between two parties.

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Indenture Form Meaning In Allegheny