The General Rules and Regulations under the Trust Indenture Act of 1939 are applicable to statements of eligibility on this Form. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties.Indenture refers to a legal and binding agreement, contract, or document between two or more parties. Contract shall have the same meaning when used in this Indenture, and in the event of a conflict, the terms of this Indenture shall control. "Collateral" has the meaning specified in the Granting Clause of this Bond Indenture. Question o£ whether qualification of the indenture in the form subuLttted. "Authorized Officer" means, in the case of the University, the Chair or Vice-. In bankruptcy law, an indenture may be referenced as proof of a claim on property. State means the State of Illinois. In case of any default under this Indenture, to the benefit of this Indenture or to payment out of the.