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.
Bond With Indenture In King
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State:
Multi-State
County:
King
Control #:
US-00195
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Word;
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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.
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 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.
A bond indenture is a contract that describes information related specifically to the issuance or usage of bonds. The term is synonymous with a deed of trust, which is used in financial fields and other areas of business to offer protection to bond issuers and bondholders or investors.
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.
Most corporate bond issues over $5 million are required to include a trust indenture, and to file a copy of it with the SEC.
A covenant is a promise to take an action (an affirmative covenant) or to refrain from taking an action (a negative covenant). Indentures contain a variety of covenants from the issuer to the trustee on behalf of the bondholders.
Lesson Summary. A bond indenture is a contract that describes information related specifically to the issuance or usage of bonds. The term is synonymous with a deed of trust, which is used in financial fields and other areas of business to offer protection to bond issuers and bondholders or investors.
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Indenture refers to a legal and binding agreement, contract, or document between two or more parties. A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests.In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party. The Indenture begins with paragraphs called "Recitals. The Trust Indenture Act does not apply to traditional preferred stock, as such stock is not considered to be a debt security for purposes of that Act. Consequently, thoughtful, precedent-informed drafting is essential when drafting a no action clause for a bond indenture. Complete and accurate Guarantee Application materials, submitted in a timely manner, demonstrating each of the Eligible CDFI's ability to repay its Bond Loan;. This is one of the Bonds described in the within-mentioned Indenture. The most common usage of indenture appears in the bond market. A.W. Brunton for Appellants.