Illinois 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 Illinois Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding document that establishes the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This trust agreement outlines the rights and responsibilities of both parties involved in the management and administration of the trust. Under this agreement, John Naveen and Co., Inc. serves as the trustee, responsible for managing the investments and distributing income to the beneficiaries of the trust. Chase Manhattan Bank acts as a custodian, holding the assets of the trust and ensuring compliance with legal and regulatory requirements. The terms and conditions outlined in the Illinois Trust Indenture and Agreement cover various aspects, including: 1. Investment Objectives: The agreement defines the investment objectives of the trust, which is primarily focused on tax-free income generation for the beneficiaries. It may include specific guidelines on asset allocation and investment strategies. 2. Trustee's Powers and Duties: The document outlines the powers and duties of the trustee, including the authority to buy, sell, or exchange trust assets as well as the responsibility for record keeping, tax reporting, and periodic reporting to beneficiaries. 3. Beneficiaries' Rights and Entitlements: The agreement specifies the rights and entitlements of the beneficiaries, such as the right to receive income distributions, access to information about the trust's investments, and the process for making changes or terminating the trust. 4. Fees and Expenses: The agreement may detail the fees and expenses associated with the management and administration of the trust. This could include fees charged by the trustee or custodian, as well as any applicable taxes or regulatory fees. 5. Termination and Amendment: The Illinois Trust Indenture and Agreement may include provisions for the termination or amendment of the trust. This could outline the circumstances under which the trust may be dissolved or modified, and any procedures that need to be followed. It's important to note that the specific terms and conditions of the Illinois Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax-Free Unit Trust, Series 1140 may vary depending on the individual trust and its unique circumstances.

The Illinois Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding document that establishes the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This trust agreement outlines the rights and responsibilities of both parties involved in the management and administration of the trust. Under this agreement, John Naveen and Co., Inc. serves as the trustee, responsible for managing the investments and distributing income to the beneficiaries of the trust. Chase Manhattan Bank acts as a custodian, holding the assets of the trust and ensuring compliance with legal and regulatory requirements. The terms and conditions outlined in the Illinois Trust Indenture and Agreement cover various aspects, including: 1. Investment Objectives: The agreement defines the investment objectives of the trust, which is primarily focused on tax-free income generation for the beneficiaries. It may include specific guidelines on asset allocation and investment strategies. 2. Trustee's Powers and Duties: The document outlines the powers and duties of the trustee, including the authority to buy, sell, or exchange trust assets as well as the responsibility for record keeping, tax reporting, and periodic reporting to beneficiaries. 3. Beneficiaries' Rights and Entitlements: The agreement specifies the rights and entitlements of the beneficiaries, such as the right to receive income distributions, access to information about the trust's investments, and the process for making changes or terminating the trust. 4. Fees and Expenses: The agreement may detail the fees and expenses associated with the management and administration of the trust. This could include fees charged by the trustee or custodian, as well as any applicable taxes or regulatory fees. 5. Termination and Amendment: The Illinois Trust Indenture and Agreement may include provisions for the termination or amendment of the trust. This could outline the circumstances under which the trust may be dissolved or modified, and any procedures that need to be followed. It's important to note that the specific terms and conditions of the Illinois Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax-Free Unit Trust, Series 1140 may vary depending on the individual trust and its unique circumstances.