A credit agreement usually carries a term of five years or less; an indenture's term is usually seven to ten years. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties.An indenture, signed at the closing of the issuance of the notes, is a contract between the issuer of the notes, any guarantors of the debt and the trustee. A credit indenture is the underlying contract agreement that details all of the provisions and clauses associated with a credit offering. Any covenant or agreement contained in this Indenture, the Bond Resolutions or the General. Proceeds of the sale of the. The indenture is a lengthy agreement between the debtor and the Republic Bank which covers fifty-nine printed pages of record. This percentage will, of course, increase as older issues go out of ,existence through maturity, refunding, or reorganiza- tion. Person pursuant to the terms of any indenture, loan or credit or other similar agreement evidencing Material Debt, other than this Agreement and.