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Release and Cancellation of Trust Agreement - Trust Indenture

Indenture Form Meaning In Wayne

Category:

Trusts - Termination

State:

Multi-State

County:

Wayne

Control #:

US-00195

Format:

Instant download

Description

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.

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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.

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 legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants. There can be a few different types of indentures and many different types of indenture clauses.

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 refers to a legal and binding agreement, contract, or document between two or more parties. Traditionally, these documents featured indented sides or perforated edges.

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, Interest Rates, Redemption provisions, form, exchange provisions, security and other terms.

A deed made between two or more parties who are not acting as one person. The word indenture originated in the days when the requisite number of copies of a deed would be engrossed onto a single piece of parchment, which would then be cut into individual deeds, with each party holding his own copy.

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 is a legal contract that reflects an agreement between two parties.Although the term is most familiarly used to refer to a labor contract. The meaning of INDENTURE is a document or a section of a document that is indented. How to use indenture in a sentence. 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. Section 8.1 Ratification of Indenture. "City" means the City of Detroit, County of Wayne, State of Michigan. "Code" means the Internal Revenue Code of 1986, as amended, and the rulings and. "Collateral" has the meaning specified in the Granting Clause of this Bond Indenture.

Indenture Form Meaning In Wayne

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What is the difference between a deed and an indenture?

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What is the meaning of indenture document?

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What is an indenture document?

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