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.
Title: Understanding the Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 Introduction: The Colorado Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for Naveen Tax Free Unit Trust, Series 1140, is a legally binding document outlining the terms and conditions associated with this specific investment vehicle. This article aims to provide a detailed description of this agreement, highlighting its key components and any potential variations or subtypes within this category. Key Keywords: Colorado Trust Indenture, Agreement, John Naveen and Co., Chase Manhattan Bank, Naveen Tax Free Unit Trust, Series 1140. 1. Overview of the Agreement: The Colorado Trust Indenture and Agreement acts as the governing legal document for the Naveen Tax Free Unit Trust, Series 1140, which is a specialized investment product. It sets forth the rights, obligations, and responsibilities of both parties involved, i.e., John Naveen and Co., Inc. and Chase Manhattan Bank. 2. Parties Involved: a. John Naveen and Co., Inc.: This esteemed financial institution serves as the issuer and manager of the Naveen Tax Free Unit Trust, Series 1140. They are responsible for creating and overseeing the trust's investment strategy and ensuring compliance with relevant regulatory requirements. b. Chase Manhattan Bank: As the trustee, Chase Manhattan Bank holds legal title to the assets within the Naveen Tax Free Unit Trust, Series 1140. They act in the best interests of the unit holders and ensure compliance with the terms established in the trust agreement. 3. Objectives and Purpose: The Trust Indenture and Agreement outline the broader objectives and purpose of the Naveen Tax Free Unit Trust, Series 1140. These may include generating tax-free income, preserving capital, or achieving long-term growth by investing in municipal bonds or tax-exempt securities within the state of Colorado. 4. Terms and Conditions: a. Investment Strategy: The agreement defines the investment strategy that John Naveen and Co., Inc. will employ to manage the trust and meet its investment goals. This may involve selecting a diversified portfolio of Colorado municipal bonds or other eligible tax-exempt securities. b. Redemption Rights: The agreement may specify the terms and conditions under which unit holders can redeem their investment or transfer their units. c. Trustee Compensation: It outlines the compensation and related fees payable to Chase Manhattan Bank for their role as the trustee. Possible Subtypes/Modifications: 1. Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 RELATED TO Municipal Bond Investments. 2. Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 RELATED TO Tax-Exempt Securities Portfolio. 3. Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 RELATED TO Redeemable Units. Conclusion: The Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 serves as the foundation for the operation and management of this unique investment vehicle offered by John Naveen and Co., Inc. Understanding its terms and conditions is crucial for investors seeking tax-free income in Colorado municipal bonds or tax-exempt securities.
Title: Understanding the Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 Introduction: The Colorado Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for Naveen Tax Free Unit Trust, Series 1140, is a legally binding document outlining the terms and conditions associated with this specific investment vehicle. This article aims to provide a detailed description of this agreement, highlighting its key components and any potential variations or subtypes within this category. Key Keywords: Colorado Trust Indenture, Agreement, John Naveen and Co., Chase Manhattan Bank, Naveen Tax Free Unit Trust, Series 1140. 1. Overview of the Agreement: The Colorado Trust Indenture and Agreement acts as the governing legal document for the Naveen Tax Free Unit Trust, Series 1140, which is a specialized investment product. It sets forth the rights, obligations, and responsibilities of both parties involved, i.e., John Naveen and Co., Inc. and Chase Manhattan Bank. 2. Parties Involved: a. John Naveen and Co., Inc.: This esteemed financial institution serves as the issuer and manager of the Naveen Tax Free Unit Trust, Series 1140. They are responsible for creating and overseeing the trust's investment strategy and ensuring compliance with relevant regulatory requirements. b. Chase Manhattan Bank: As the trustee, Chase Manhattan Bank holds legal title to the assets within the Naveen Tax Free Unit Trust, Series 1140. They act in the best interests of the unit holders and ensure compliance with the terms established in the trust agreement. 3. Objectives and Purpose: The Trust Indenture and Agreement outline the broader objectives and purpose of the Naveen Tax Free Unit Trust, Series 1140. These may include generating tax-free income, preserving capital, or achieving long-term growth by investing in municipal bonds or tax-exempt securities within the state of Colorado. 4. Terms and Conditions: a. Investment Strategy: The agreement defines the investment strategy that John Naveen and Co., Inc. will employ to manage the trust and meet its investment goals. This may involve selecting a diversified portfolio of Colorado municipal bonds or other eligible tax-exempt securities. b. Redemption Rights: The agreement may specify the terms and conditions under which unit holders can redeem their investment or transfer their units. c. Trustee Compensation: It outlines the compensation and related fees payable to Chase Manhattan Bank for their role as the trustee. Possible Subtypes/Modifications: 1. Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 RELATED TO Municipal Bond Investments. 2. Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 RELATED TO Tax-Exempt Securities Portfolio. 3. Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 RELATED TO Redeemable Units. Conclusion: The Colorado Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140 serves as the foundation for the operation and management of this unique investment vehicle offered by John Naveen and Co., Inc. Understanding its terms and conditions is crucial for investors seeking tax-free income in Colorado municipal bonds or tax-exempt securities.