Idaho 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. One of the notable types of Idaho Trust Indenture and Agreement is the agreement between John Naveen and Co., Inc. and Chase Manhattan Bank specifically regarding the terms and conditions for Naveen Tax Free Unit Trust, Series 1140. This agreement sets the framework for the management and operation of the trust and outlines the mutual obligations and responsibilities of both parties involved. The Idaho Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140, establishes the terms and conditions under which the trust will operate, including the roles and responsibilities of John Naveen and Co., Inc. as the sponsor of the trust and Chase Manhattan Bank as the trustee. It defines the trust's investment objectives, authorized investments, and borrowing limits. The agreement also includes provisions for periodic reporting and disclosure, detailing the frequency and content of financial statements and other relevant information that must be provided to the investors. It further outlines the procedures for redemptions, transfers, and distributions within the trust, ensuring that these processes are standardized and transparent. Another important aspect covered by the Idaho Trust Indenture and Agreement is the indemnification of the trustee by the sponsor against liabilities arising from the administration of the trust. This clause protects Chase Manhattan Bank from any claims, losses, or expenses incurred in carrying out its trustee responsibilities, except in cases of willful misconduct or gross negligence. Additionally, the agreement identifies the governing law that will apply to the trust, jurisdiction, and dispute resolution procedures. This is crucial to ensure legal consistency in case of conflicts between the parties or external factors affecting the trust. Overall, the Idaho Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank regarding Naveen Tax Free Unit Trust, Series 1140, is a comprehensive document designed to safeguard the interests of both the sponsor and the trustee, while providing clear guidelines for the successful management of the trust.

One of the notable types of Idaho Trust Indenture and Agreement is the agreement between John Naveen and Co., Inc. and Chase Manhattan Bank specifically regarding the terms and conditions for Naveen Tax Free Unit Trust, Series 1140. This agreement sets the framework for the management and operation of the trust and outlines the mutual obligations and responsibilities of both parties involved. The Idaho Trust Indenture and Agreement for Naveen Tax Free Unit Trust, Series 1140, establishes the terms and conditions under which the trust will operate, including the roles and responsibilities of John Naveen and Co., Inc. as the sponsor of the trust and Chase Manhattan Bank as the trustee. It defines the trust's investment objectives, authorized investments, and borrowing limits. The agreement also includes provisions for periodic reporting and disclosure, detailing the frequency and content of financial statements and other relevant information that must be provided to the investors. It further outlines the procedures for redemptions, transfers, and distributions within the trust, ensuring that these processes are standardized and transparent. Another important aspect covered by the Idaho Trust Indenture and Agreement is the indemnification of the trustee by the sponsor against liabilities arising from the administration of the trust. This clause protects Chase Manhattan Bank from any claims, losses, or expenses incurred in carrying out its trustee responsibilities, except in cases of willful misconduct or gross negligence. Additionally, the agreement identifies the governing law that will apply to the trust, jurisdiction, and dispute resolution procedures. This is crucial to ensure legal consistency in case of conflicts between the parties or external factors affecting the trust. Overall, the Idaho Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank regarding Naveen Tax Free Unit Trust, Series 1140, is a comprehensive document designed to safeguard the interests of both the sponsor and the trustee, while providing clear guidelines for the successful management of the trust.