Rhode Island 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 Rhode Island Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, establishes the terms and conditions of the trust for investors in Rhode Island. The agreement outlines the legal framework and guidelines under which the trust operates, providing security and protection for both the investors and the trustees involved. The primary purpose of the Trust Indenture and Agreement is to govern the establishment, operation, and management of the Naveen Tax Free Unit Trust, Series 1140. It outlines the specific terms and conditions that must be followed by both John Naveen and Co., Inc. (as the sponsor of the trust) and Chase Manhattan Bank (as the trustee) in order to ensure compliance with the regulations and laws governing trusts in Rhode Island. Some key aspects covered in the Trust Indenture and Agreement include: 1. Trust Purpose: The agreement defines the objective and purpose of the Naveen Tax Free Unit Trust, Series 1140. Typically, it intends to provide tax-free income to investors by investing in tax-exempt municipal bonds issued by municipalities within Rhode Island. 2. Powers and Responsibilities: The roles, powers, and responsibilities of both John Naveen and Co., Inc. and Chase Manhattan Bank are clearly specified. This includes duties related to the management, custody, investment, accounting, and reporting of the trust assets. 3. Units and Certificates: The Trust Indenture and Agreement may outline the types of units or certificates issued to investors and the specific terms associated with them, such as conversion rights, redemption provisions, or dividend distributions. 4. Trustee's Compensation: The agreement discusses the trustee's compensation for their services, including any fees, expenses, or reimbursements to be paid. 5. Dissolution or Termination: In case of the trust's dissolution or termination, the agreement provides guidelines and procedures for the distribution of assets to investors, ensuring a fair and orderly process. 6. Amendments and Modifications: The agreement may include provisions for making amendments or modifications to the trust's terms and conditions, requiring the consent of both parties involved. It's important to note that the specifics of the Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140, may vary depending on the specific requirements, goals, and legal considerations in Rhode Island. Therefore, it's advisable to refer to the actual document for precise details regarding the terms and conditions established between John Naveen and Co., Inc. and Chase Manhattan Bank for this particular trust series in Rhode Island.

The Rhode Island Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, establishes the terms and conditions of the trust for investors in Rhode Island. The agreement outlines the legal framework and guidelines under which the trust operates, providing security and protection for both the investors and the trustees involved. The primary purpose of the Trust Indenture and Agreement is to govern the establishment, operation, and management of the Naveen Tax Free Unit Trust, Series 1140. It outlines the specific terms and conditions that must be followed by both John Naveen and Co., Inc. (as the sponsor of the trust) and Chase Manhattan Bank (as the trustee) in order to ensure compliance with the regulations and laws governing trusts in Rhode Island. Some key aspects covered in the Trust Indenture and Agreement include: 1. Trust Purpose: The agreement defines the objective and purpose of the Naveen Tax Free Unit Trust, Series 1140. Typically, it intends to provide tax-free income to investors by investing in tax-exempt municipal bonds issued by municipalities within Rhode Island. 2. Powers and Responsibilities: The roles, powers, and responsibilities of both John Naveen and Co., Inc. and Chase Manhattan Bank are clearly specified. This includes duties related to the management, custody, investment, accounting, and reporting of the trust assets. 3. Units and Certificates: The Trust Indenture and Agreement may outline the types of units or certificates issued to investors and the specific terms associated with them, such as conversion rights, redemption provisions, or dividend distributions. 4. Trustee's Compensation: The agreement discusses the trustee's compensation for their services, including any fees, expenses, or reimbursements to be paid. 5. Dissolution or Termination: In case of the trust's dissolution or termination, the agreement provides guidelines and procedures for the distribution of assets to investors, ensuring a fair and orderly process. 6. Amendments and Modifications: The agreement may include provisions for making amendments or modifications to the trust's terms and conditions, requiring the consent of both parties involved. It's important to note that the specifics of the Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140, may vary depending on the specific requirements, goals, and legal considerations in Rhode Island. Therefore, it's advisable to refer to the actual document for precise details regarding the terms and conditions established between John Naveen and Co., Inc. and Chase Manhattan Bank for this particular trust series in Rhode Island.