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

Indenture Meaning With Examples In Hillsborough

Category:

Trusts - Termination

State:

Multi-State

County:

Hillsborough

Control #:

US-00195

Format:

Instant download

Description

An Indenture, particularly in the context of Hillsborough, refers to a formal agreement that outlines the obligations and responsibilities between parties, particularly in relation to trust agreements. This Release and Cancellation of Trust Agreement/Trust Indenture indicates that previously established obligations have been met, allowing for the cancellation of the trust agreement and the release of any liens associated with it. This form is crucial for ensuring that trust agreements are legally terminated, protecting parties from future claims related to the trust. The form includes sections for the parties to acknowledge satisfaction of obligations, as well as requests for official record cancellation by the Chancery Clerk. Attorneys, partners, owners, associates, paralegals, and legal assistants all benefit from this form as it provides a clear process for formally closing trusts and ensuring that property records reflect the current status. When filling out the form, users should ensure all parties sign in the presence of a notary and that correct details are filled in accurately to avoid any disputes. Overall, this form is essential for the proper management and closure of trust agreements within Hillsborough.

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FAQ

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.

The bond indenture is a legal document that defines the terms of the bond issue including the rights of bondholders; the bond certificate provides details about the bond being issued including the financial elements of the bond.

What is the primary purpose of a bond indenture? To specify the bond's features and identify the issuer's sources of repayment. To provide a detailed history of the issuer's past financial performance.

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.

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.

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.

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.

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.