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 Vs Credit Agreement In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00195
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
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.
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.
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.
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.
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.
More info
A credit agreement usually carries a term of five years or less; an indenture's term is usually seven to ten years. Like credit agreements,1 an Indenture contains lending and repayment terms.A credit indenture is the underlying contract agreement that details all of the provisions and clauses associated with a credit offering. Table of Contents. Page. 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. Definitions of certain words and terms used in the Official Statement and summaries of the.