In consideration of the mutual agreements contained in this TwentySecond Supplemental. A credit agreement usually carries a term of five years or less; an indenture's term is usually seven to ten years.The revenues pledged for the repayment of the loan are the net water and sewer system revenues (the "Pledged Funds") as such term is defined in the. An indenture, signed at the closing of the issuance of the notes, is a contract between the issuer of the notes, any guarantors of the debt and the trustee. Section 1232-G - Bonds of the authority 1. A credit indenture is the underlying contract agreement that details all of the provisions and clauses associated with a credit offering. The revenues pledged for the repayment of the loan are the net water and sewer system revenues (the "Pledged Funds") as such term is defined in the. All bonds have contracts, called indentures, outlining the terms of the bond.