Oklahoma Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9075
• Format: Word; Rich Text

Description

Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank dated December 29, 1999. 14 pages The Oklahoma Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legal document that establishes a trust relationship between the two entities. This agreement outlines the terms and conditions under which Oklahoma bonds are issued and managed by Prudential Securities Incorporated and held in trust by The Chase Manhattan Bank. The agreement ensures that Prudential Securities Incorporated acts as the bond underwriter, responsible for issuing Oklahoma bonds, while The Chase Manhattan Bank acts as the trustee, holding the bonds and safeguarding the interests of bondholders. The trust agreement governs the rights and responsibilities of each party, ensuring compliance with applicable laws and regulations governing Oklahoma bonds. During the duration of the trust agreement, Prudential Securities Incorporated is tasked with providing periodic updates, reports, and financial information related to the Oklahoma bonds to The Chase Manhattan Bank. This close partnership ensures transparency and facilitates the smooth management of the bonds. Furthermore, the Oklahoma Reference Trust Agreement outlines the mechanisms for handling principal and interest payments on the bonds. Prudential Securities Incorporated ensures timely payment of interest and principal amounts to The Chase Manhattan Bank, who, in turn, distributes these funds to the bondholders in accordance with the terms specified in the bond offering documents. The trust agreement may also specify the conditions under which the trustee may take action in the event of default or non-compliance by the bond issuer. This can include identifying remedies, such as acceleration of payment, to protect the interests of the bondholders and ensure the orderly resolution of any potential issues. It is important to note that there may be different types of Oklahoma Reference Trust Agreements between Prudential Securities Incorporated and The Chase Manhattan Bank, depending on the specific purpose of the bonds. For example: 1. General Obligation Bond Trust Agreement: This agreement may cover bonds issued for general government purposes, such as funding infrastructure projects, public services, or education. 2. Revenue Bond Trust Agreement: This type of agreement may pertain to bonds issued to finance specific revenue-generating projects, such as toll roads, utilities, or airports. The revenue generated from these projects is used to repay the bondholders. The specifics of each trust agreement will vary depending on the nature and purpose of the bonds being issued by Prudential Securities Incorporated and held in trust by The Chase Manhattan Bank. The agreement ensures the smooth administration and management of the bonds, providing transparency, protection, and clarity for all parties involved.

The Oklahoma Reference Trust Agreement between Prudential Securities Incorporated and The Chase Manhattan Bank is a legal document that establishes a trust relationship between the two entities. This agreement outlines the terms and conditions under which Oklahoma bonds are issued and managed by Prudential Securities Incorporated and held in trust by The Chase Manhattan Bank. The agreement ensures that Prudential Securities Incorporated acts as the bond underwriter, responsible for issuing Oklahoma bonds, while The Chase Manhattan Bank acts as the trustee, holding the bonds and safeguarding the interests of bondholders. The trust agreement governs the rights and responsibilities of each party, ensuring compliance with applicable laws and regulations governing Oklahoma bonds. During the duration of the trust agreement, Prudential Securities Incorporated is tasked with providing periodic updates, reports, and financial information related to the Oklahoma bonds to The Chase Manhattan Bank. This close partnership ensures transparency and facilitates the smooth management of the bonds. Furthermore, the Oklahoma Reference Trust Agreement outlines the mechanisms for handling principal and interest payments on the bonds. Prudential Securities Incorporated ensures timely payment of interest and principal amounts to The Chase Manhattan Bank, who, in turn, distributes these funds to the bondholders in accordance with the terms specified in the bond offering documents. The trust agreement may also specify the conditions under which the trustee may take action in the event of default or non-compliance by the bond issuer. This can include identifying remedies, such as acceleration of payment, to protect the interests of the bondholders and ensure the orderly resolution of any potential issues. It is important to note that there may be different types of Oklahoma Reference Trust Agreements between Prudential Securities Incorporated and The Chase Manhattan Bank, depending on the specific purpose of the bonds. For example: 1. General Obligation Bond Trust Agreement: This agreement may cover bonds issued for general government purposes, such as funding infrastructure projects, public services, or education. 2. Revenue Bond Trust Agreement: This type of agreement may pertain to bonds issued to finance specific revenue-generating projects, such as toll roads, utilities, or airports. The revenue generated from these projects is used to repay the bondholders. The specifics of each trust agreement will vary depending on the nature and purpose of the bonds being issued by Prudential Securities Incorporated and held in trust by The Chase Manhattan Bank. The agreement ensures the smooth administration and management of the bonds, providing transparency, protection, and clarity for all parties involved.