US Legal Forms
Release and Cancellation of Trust Agreement - Trust Indenture

Indenture Form Meaning In Harris

Category:

Trusts - Termination

State:

Multi-State

County:

Harris

Control #:

US-00195

Format:

Instant download

Description

This form is a Release and Cancellation of Trust Agreement / Trust Indenture. All liens and encumberances created thereby are certified to be satisfied and released. Adapt to fit your circumstances.

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FAQ

In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.

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 terms of the Indenture are tailored to reflect the specific type of transaction and issuer. Like credit agreements,1 an Indenture contains lending and repayment terms. In contrast to credit agreements, however, the lender is not a party to an Indenture.

Some indentured servants served as cooks, gardeners, housekeepers, field workers, or general laborers, while others learned specific trades such as blacksmithing, plastering, and bricklaying, which they often parlayed into future careers.

The Indenture pledges certain revenues as security for repayment of the Bonds. The Trustee agrees to act on behalf of the holders of the Bonds and to represent their interests.

Indenture. n. a type of real property deed in which two parties agree to continuing mutual obligations. One party may agree to maintain the property, while the other agrees to make periodic payments. 2) a contract binding one person to work for another.

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.

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 particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.

More info

The Trust Indenture has been restated in its entirety such that the text from the amendments has replaced the amended original text of the. Indenture. The Act is designed to insure that he will act on behalf.Indenture refers to a legal and binding agreement, contract, or document between two or more parties. "Redemption Price", when used with respect to any Debt Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. "Act" has the meaning given to such term in the Preamble hereto. 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. Agreement has the meaning set forth in the introductory paragraph hereto. Applicable. Rate means the rates per annum associated with the Countys unenhanced. The senior debt securities will be issued under an indenture between us and The Bank of New York Mellon Trust Company,. Webster, Jr., and Chandler Hovey created a trust (hereinafter the 1923 trust) under a trust indenture, which they executed as trustees.

Indenture Form Meaning In Harris

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