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

Indenture Meaning With Examples In Utah

Category:

Trusts - Termination

State:

Multi-State

Control #:

US-00195

Format:

Instant download

Description

An Indenture, specifically in the context of a Trust Agreement or Trust Indenture in Utah, refers to a formal contract that outlines the terms of a trust arrangement. This document serves as a legal framework that governs the relationship between the parties involved in the trust. For example, if a trust was created to manage property for the benefit of certain individuals, the Indenture would detail the responsibilities of the trustee and the rights of the beneficiaries. Key features of the form include the cancellation of previous obligations under the trust and the release of any liens or encumbrances associated with it. Filling out the document requires careful attention to detail, including accurate information about the county and the parties involved. Users need to ensure that all signatures are properly notarized to confirm authenticity. This document is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in estate planning or property management. It provides clarity and legal assurance that a trust has been adequately released, ensuring that all parties are aware of their current rights and obligations.

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FAQ

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.

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.

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 indenture typically: (1) clearly describes and defines the issued debt securities; (2) specifies the rights of the parties, including the duties of the trustee as a third-party administrator; (3) sets forth the borrower's obligation to make payments; and (4) outlines the remedies available to the noteholders if the ...

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.

It states the interest rate(s), the redemption provisions, the purpose for which the bonds were issued, the name of the conduit borrower, the name of the project, the security for the bonds, the name of the credit enhancer (if any), the date of issuance of the bonds, the name of the trustee and the names of the legal ...