A Delaware Reference Trust Agreement is a legal document that establishes a trust relationship between Prudential Securities Incorporated and The Chase Manhattan Bank, serving as a reference point for future transactions and lending activities. This agreement acts as a guide, outlining the terms and conditions under which the parties will conduct business with each other. The Delaware Reference Trust Agreement serves as a comprehensive framework, emphasizing the importance of trust within the financial sector. It aids in ensuring that the interests of both Prudential Securities Incorporated and The Chase Manhattan Bank are protected, alleviating any potential concerns and promoting transparency in their transactions. Some key provisions that may be included in different types of Delaware Reference Trust Agreements between Prudential Securities Incorporated and The Chase Manhattan Bank are: 1. Trust Formation: This section lays out the specific requirements and procedures for establishing the trust, including the execution of relevant legal documents and the transfer of assets to the trust. 2. Trust Administration: This provision defines the roles and responsibilities of each party involved in the administration of the trust. It outlines the duties of Prudential Securities Incorporated and The Chase Manhattan Bank in managing and safeguarding the trust assets. 3. Investment Powers: This section outlines the powers granted to Prudential Securities Incorporated as the trustee, empowering them to invest and manage trust assets on behalf of The Chase Manhattan Bank. It may specify the types of investments allowed, risk tolerance levels, and any restrictions or guidelines to be followed. 4. Distribution of Income and Principal: This provision details how the income and principal generated by the trust will be distributed. It may establish guidelines for the determination of distributions, including frequency, minimum amounts, and any special circumstances that may affect distributions. 5. Termination of the Trust: This section addresses the conditions and procedures for terminating the trust agreement. It may specify events such as the achievement of specific goals or the passage of a certain period of time, leading to the trust's dissolution. 6. Indemnification and Liability: This provision outlines the responsibilities and liabilities of Prudential Securities Incorporated and The Chase Manhattan Bank in connection with their roles as trustee and beneficiary. It may include indemnification clauses and limitations of liability to protect parties from potential legal claims or losses. The Delaware Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a crucial document that establishes trust and ensures a clear understanding of the parties' rights and obligations. It acts as a valuable reference point for any future transactions, providing a solid foundation for their financial partnership.
A Delaware Reference Trust Agreement is a legal document that establishes a trust relationship between Prudential Securities Incorporated and The Chase Manhattan Bank, serving as a reference point for future transactions and lending activities. This agreement acts as a guide, outlining the terms and conditions under which the parties will conduct business with each other. The Delaware Reference Trust Agreement serves as a comprehensive framework, emphasizing the importance of trust within the financial sector. It aids in ensuring that the interests of both Prudential Securities Incorporated and The Chase Manhattan Bank are protected, alleviating any potential concerns and promoting transparency in their transactions. Some key provisions that may be included in different types of Delaware Reference Trust Agreements between Prudential Securities Incorporated and The Chase Manhattan Bank are: 1. Trust Formation: This section lays out the specific requirements and procedures for establishing the trust, including the execution of relevant legal documents and the transfer of assets to the trust. 2. Trust Administration: This provision defines the roles and responsibilities of each party involved in the administration of the trust. It outlines the duties of Prudential Securities Incorporated and The Chase Manhattan Bank in managing and safeguarding the trust assets. 3. Investment Powers: This section outlines the powers granted to Prudential Securities Incorporated as the trustee, empowering them to invest and manage trust assets on behalf of The Chase Manhattan Bank. It may specify the types of investments allowed, risk tolerance levels, and any restrictions or guidelines to be followed. 4. Distribution of Income and Principal: This provision details how the income and principal generated by the trust will be distributed. It may establish guidelines for the determination of distributions, including frequency, minimum amounts, and any special circumstances that may affect distributions. 5. Termination of the Trust: This section addresses the conditions and procedures for terminating the trust agreement. It may specify events such as the achievement of specific goals or the passage of a certain period of time, leading to the trust's dissolution. 6. Indemnification and Liability: This provision outlines the responsibilities and liabilities of Prudential Securities Incorporated and The Chase Manhattan Bank in connection with their roles as trustee and beneficiary. It may include indemnification clauses and limitations of liability to protect parties from potential legal claims or losses. The Delaware Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a crucial document that establishes trust and ensures a clear understanding of the parties' rights and obligations. It acts as a valuable reference point for any future transactions, providing a solid foundation for their financial partnership.
