Arkansas Trust Indenture and Agreement between John Nuveen and Co., Inc. and Chase Manhattan Bank regarding terms and conditions for Nuveen Tax Free Unit Trust, Series 1140

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9266
• Format: Word; Rich Text

Description

Trust Indenture and Agreement between John Nuveen and Company, Inc. and The Chase Manhattan Bank regarding terms and conditions of trust for Nuveen Tax Free Unit Trust, Series 1140 dated January 4, 2000. 5 pages. The Arkansas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank set forth the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement encompasses various essential aspects and provisions that ensure the smooth functioning and adherence to regulations related to the trust. Below is a detailed description highlighting key components and keywords associated with this agreement. 1. Parties involved: The agreement is between John Naveen and Co., Inc. (as the creator and manager of the trust) and Chase Manhattan Bank (as the trustee responsible for holding and administering the trust assets). 2. Trust name: The specific trust governed by this agreement is the Naveen Tax Free Unit Trust, Series 1140. This name distinguishes it from other trusts within the Naveen Tax Free Unit Trust series. 3. Terms and conditions: The agreement outlines the terms and conditions that govern the establishment, management, investment, and distribution of the trust's assets. It covers various aspects such as: — Trust objectives: The agreement defines the objectives and investment strategy of the trust, which typically focus on generating tax-free income for investors. — Investment guidelines: It stipulates the specific guidelines and limitations for investing the trust's assets, ensuring compliance with applicable laws and regulations. This may include restrictions on certain types of securities, diversification requirements, and risk management provisions. — Income distributions: The agreement defines the frequency and methods of income distribution to the unit holders. It determines the allocation and timing of dividend payments or interest income generated by the trust's investments. — Redemption and termination: It outlines the procedures and conditions under which unit holders can redeem their units or if the trust may be terminated. This section may include details regarding redemption fees, notice periods, or circumstances for involuntary termination. — Reporting and communication: The agreement establishes the obligation for regular reporting to unit holders, providing information about the trust's performance, financial statements, and any material updates or changes. — Rights and obligations of parties: It specifies the responsibilities and duties of John Naveen and Co., Inc. and Chase Manhattan Bank towards the trust and its unit holders. This includes fiduciary duties, indemnification clauses, and the process for resolving conflicts of interest. — Amendments and modifications: The agreement clarifies the process for amending or modifying its terms and conditions. This may involve consent requirements from relevant parties and communication channels to notify unit holders about changes. Overall, the Arkansas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank provide a comprehensive framework for the operation of the Naveen Tax Free Unit Trust, Series 1140. By ensuring compliance with legal requirements and addressing key aspects of trust management, this agreement safeguards the interests of the trust's unit holders and facilitates its efficient administration. Note: There is no mention of additional types or variations of Arkansas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank specifically for the Naveen Tax Free Unit Trust, Series 1140.

The Arkansas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank set forth the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement encompasses various essential aspects and provisions that ensure the smooth functioning and adherence to regulations related to the trust. Below is a detailed description highlighting key components and keywords associated with this agreement. 1. Parties involved: The agreement is between John Naveen and Co., Inc. (as the creator and manager of the trust) and Chase Manhattan Bank (as the trustee responsible for holding and administering the trust assets). 2. Trust name: The specific trust governed by this agreement is the Naveen Tax Free Unit Trust, Series 1140. This name distinguishes it from other trusts within the Naveen Tax Free Unit Trust series. 3. Terms and conditions: The agreement outlines the terms and conditions that govern the establishment, management, investment, and distribution of the trust's assets. It covers various aspects such as: — Trust objectives: The agreement defines the objectives and investment strategy of the trust, which typically focus on generating tax-free income for investors. — Investment guidelines: It stipulates the specific guidelines and limitations for investing the trust's assets, ensuring compliance with applicable laws and regulations. This may include restrictions on certain types of securities, diversification requirements, and risk management provisions. — Income distributions: The agreement defines the frequency and methods of income distribution to the unit holders. It determines the allocation and timing of dividend payments or interest income generated by the trust's investments. — Redemption and termination: It outlines the procedures and conditions under which unit holders can redeem their units or if the trust may be terminated. This section may include details regarding redemption fees, notice periods, or circumstances for involuntary termination. — Reporting and communication: The agreement establishes the obligation for regular reporting to unit holders, providing information about the trust's performance, financial statements, and any material updates or changes. — Rights and obligations of parties: It specifies the responsibilities and duties of John Naveen and Co., Inc. and Chase Manhattan Bank towards the trust and its unit holders. This includes fiduciary duties, indemnification clauses, and the process for resolving conflicts of interest. — Amendments and modifications: The agreement clarifies the process for amending or modifying its terms and conditions. This may involve consent requirements from relevant parties and communication channels to notify unit holders about changes. Overall, the Arkansas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank provide a comprehensive framework for the operation of the Naveen Tax Free Unit Trust, Series 1140. By ensuring compliance with legal requirements and addressing key aspects of trust management, this agreement safeguards the interests of the trust's unit holders and facilitates its efficient administration. Note: There is no mention of additional types or variations of Arkansas Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank specifically for the Naveen Tax Free Unit Trust, Series 1140.