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.
Indenture Meaning With Examples In New York
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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.
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.
Non-convict indentured servants served terms of 4 to 6 years, while convicts had to serve at least 7 years. Those working within their contract found living conditions very similar to their enslaved counterparts, such as their less than substantial food and clothing provisions.
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.
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.
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.
: required by contract to work for another for a certain period of time.
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Indenture refers to a legal and binding agreement, contract, or document between two or more parties. 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.An indenture agreement is a legally binding document or contract that establishes terms and conditions 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. A written agreement between the issuer of a bond and bondholders that specifies maturity date, interest rate, convertibility, and any other options. An indenture is a legally binding agreement, contract, or document that has been made between two or more parties. In the case of a bankruptcy indenture, it may be used to prove a claim of a property. In real estate, an indenture would be the deed between two parties. When applied to financial fields, a bond indenture is a contract that pertains specifically to the issuance or usage of bonds. Facility for such Bonds are legally authorized to close in The City of New York.