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

Indenture Meaning With Examples In Nassau

Category:

Trusts - Termination

State:

Multi-State

County:

Nassau

Control #:

US-00195

Format:

Instant download

Description

An indenture is a formal legal agreement, often used in the context of trust agreements and real estate transactions. In Nassau, an example of an indenture can be seen in a Release and Cancellation of Trust Agreement, which acknowledges that the obligations of a previous trust indenture have been fulfilled. This document serves as a means to cancel prior agreements and to release any attached liens or encumbrances. Key features include identifying parties involved, detailing the terms of cancellation, and authorizing the Chancery Clerk to update land records accordingly. For those filling out this form, it's important to complete details such as the date, book, and page numbers accurately, and ensure that signatures from all parties are included. Attorneys and legal professionals may use this document to facilitate the conclusion of a trust arrangement, while paralegals and legal assistants can aid in the preparation and filing process. This form is invaluable for partners and owners managing trust agreements, providing a clear and officially recognized means to dissolve obligations.

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FAQ

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 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.

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.

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 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.