District of Columbia 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 District of Columbia Trust Indenture and Agreement between John Naveen & Co., Inc. and Chase Manhattan Bank is a legally binding document that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement establishes a trust relationship between John Naveen & Co., Inc. (the issuer or sponsor of the trust) and Chase Manhattan Bank (as the trustee) in the context of a tax-free unit trust. This trust indenture and agreement provide a comprehensive framework that governs the operations and management of the Naveen Tax Free Unit Trust, Series 1140. It sets forth the rights and obligations of both parties, ensuring the smooth functioning and protection of the unit holders' interests. Key provisions covered in this agreement include the following: 1. Trust Structure: The agreement outlines the structure and purpose of the trust, defining it as a tax-free entity specifically established for the benefit of investors seeking tax-free income or investments within the District of Columbia. 2. Trustee's Role and Responsibilities: The agreement details the responsibilities and duties of the trustee, Chase Manhattan Bank. This includes the safekeeping and custody of the assets comprising the trust, the distribution of income to unit holders, record-keeping, and exercising reasonable care in managing the trust. 3. Obligations of the Issuer/Sponsor: John Naveen & Co., Inc. assumes obligations such as providing accurate and reliable information to the trustee, ensuring compliance with applicable laws and regulations, and managing the trust's investment portfolio in accordance with the trust's stated objectives. 4. Unit Holder Rights and Protections: The agreement safeguards the rights of unit holders, defining their entitlement to income, specifying the procedures for redeeming units, and establishing the process for voting and making decisions on important trust matters. 5. Reporting and Disclosure: Both parties agree to the disclosure and reporting requirements, ensuring transparency and accountability. This includes providing regular financial statements, annual reports, tax information, and any other necessary disclosures to unit holders. 6. Termination and Amendment: The agreement outlines the circumstances under which the trust can be terminated or amended. This may include the consent of a specified percentage of unit holders or either party's decision to discontinue the trust. It's important to note that the Naveen Tax Free Unit Trust, Series 1140 is a specific offering within the Naveen Tax Free Unit Trust family. Other series may exist, each having its own separate trust indenture and agreement between John Naveen & Co., Inc. and Chase Manhattan Bank, tailored to the unique characteristics and objectives of that particular series.

The District of Columbia Trust Indenture and Agreement between John Naveen & Co., Inc. and Chase Manhattan Bank is a legally binding document that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement establishes a trust relationship between John Naveen & Co., Inc. (the issuer or sponsor of the trust) and Chase Manhattan Bank (as the trustee) in the context of a tax-free unit trust. This trust indenture and agreement provide a comprehensive framework that governs the operations and management of the Naveen Tax Free Unit Trust, Series 1140. It sets forth the rights and obligations of both parties, ensuring the smooth functioning and protection of the unit holders' interests. Key provisions covered in this agreement include the following: 1. Trust Structure: The agreement outlines the structure and purpose of the trust, defining it as a tax-free entity specifically established for the benefit of investors seeking tax-free income or investments within the District of Columbia. 2. Trustee's Role and Responsibilities: The agreement details the responsibilities and duties of the trustee, Chase Manhattan Bank. This includes the safekeeping and custody of the assets comprising the trust, the distribution of income to unit holders, record-keeping, and exercising reasonable care in managing the trust. 3. Obligations of the Issuer/Sponsor: John Naveen & Co., Inc. assumes obligations such as providing accurate and reliable information to the trustee, ensuring compliance with applicable laws and regulations, and managing the trust's investment portfolio in accordance with the trust's stated objectives. 4. Unit Holder Rights and Protections: The agreement safeguards the rights of unit holders, defining their entitlement to income, specifying the procedures for redeeming units, and establishing the process for voting and making decisions on important trust matters. 5. Reporting and Disclosure: Both parties agree to the disclosure and reporting requirements, ensuring transparency and accountability. This includes providing regular financial statements, annual reports, tax information, and any other necessary disclosures to unit holders. 6. Termination and Amendment: The agreement outlines the circumstances under which the trust can be terminated or amended. This may include the consent of a specified percentage of unit holders or either party's decision to discontinue the trust. It's important to note that the Naveen Tax Free Unit Trust, Series 1140 is a specific offering within the Naveen Tax Free Unit Trust family. Other series may exist, each having its own separate trust indenture and agreement between John Naveen & Co., Inc. and Chase Manhattan Bank, tailored to the unique characteristics and objectives of that particular series.