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

Indenture Vs Credit Agreement In Palm Beach

Category:

Trusts - Termination

State:

Multi-State

County:

Palm Beach

Control #:

US-00195

Format:

Instant download

Description

The document titled Release and Cancellation of Trust Agreement/Trust Indenture serves to formally acknowledge the satisfaction of the obligations under a prior Trust Agreement or Trust Indenture in Palm Beach. The form outlines the cancellation of the original agreement and the release of any associated liens or encumbrances. Key features include sections for identifying the county, parties involved, and book/page details for record-keeping. It requires signatures from designated officials, such as the President of the County Board of Supervisors and a Chancery Clerk, to validate the cancellation. This form is particularly useful for attorneys, partners, and legal assistants involved in estate planning or real estate transactions, ensuring that all legal documents are accurately recorded and that clients are released from prior obligations. Filling instructions suggest that parties should confirm all entries are correct and complete the notarization process to enhance compliance. Editors should ensure the form reflects current legal standards applicable in Palm Beach, allowing for smooth transactions and peace of mind for all parties involved.

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FAQ

A credit indenture is the underlying contract agreement that details all of the provisions and clauses associated with a credit offering. In unsecured, uncollateralized bond offerings, these indentures can also be called debentures.

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.

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 bond indenture is a legal document that defines the terms of the bond issue including the rights of bondholders; the bond certificate provides details about the bond being issued including the financial elements of the bond.