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 Ohio
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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.
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.
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.
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.
Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance. Indentures were initially used to convey land and for service contracts of seven years. Indentures still exist today.
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.
An indenture is a deed with more than one party. In the old days they were written out, two copies, on a single piece of parchment then roughly cut, so the parts could later be compared. A deed of trust has at least two parties, the settler and the trustee, so it could be called an indenture.
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Indenture refers to a legal and binding agreement, contract, or document between two or more parties. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties.An indenture is a legally binding agreement, contract, or document that has been made between two or more parties. A contract between an Issuer and a Trustee (normally a commercial bank with trust powers) under which the Issuer issues Bonds and specifies their Maturities. A mortgage indenture is a final agreement between a lender and a borrower that sets the terms and conditions of a loan agreement between them. 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 is a deed with more than one party. In the old days they were written out, two copies, on a single piece of parchment then roughly cut. A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests. Terms used but not defined in this Supplemental Indenture shall have the meanings ascribed to them in the Base Indenture.