Utah 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 Utah Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding contract that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement is designed to protect the interests of both parties and provide clarity on the obligations and rights associated with the trust. Under the Utah Trust Indenture and Agreement, John Naveen and Co., Inc. operates as the trust's sponsor and provides management services, while Chase Manhattan Bank acts as the trustee responsible for safeguarding the assets and distributing income to unit holders. Key provisions included in the agreement encompass the trust's investment objectives, its tax-exempt status, unit holder rights and privileges, and the circumstances under which the trust may be terminated or modified. The Utah Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140, may also outline specific types of units offered within the trust. These variations could include: 1. Class A Units: These units may be offered to individual investors and typically carry lower management fees and minimum investment requirements. 2. Class B Units: These units may be designed for institutional investors or those with larger investment amounts. Class B units may have different fee structures or shareholder rights compared to Class A units. 3. Series 1140 Units: This refers to the specific series of units within the trust, denoted by the number 1140. Each series may have unique investment strategies, objectives, and assets within the trust. In summary, the Utah 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 legal framework, rights, and responsibilities governing the trust. The agreement aims to provide transparency and ensure proper management of the trust's assets for the benefit of its unit holders.

The Utah Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank is a legally binding contract that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement is designed to protect the interests of both parties and provide clarity on the obligations and rights associated with the trust. Under the Utah Trust Indenture and Agreement, John Naveen and Co., Inc. operates as the trust's sponsor and provides management services, while Chase Manhattan Bank acts as the trustee responsible for safeguarding the assets and distributing income to unit holders. Key provisions included in the agreement encompass the trust's investment objectives, its tax-exempt status, unit holder rights and privileges, and the circumstances under which the trust may be terminated or modified. The Utah Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140, may also outline specific types of units offered within the trust. These variations could include: 1. Class A Units: These units may be offered to individual investors and typically carry lower management fees and minimum investment requirements. 2. Class B Units: These units may be designed for institutional investors or those with larger investment amounts. Class B units may have different fee structures or shareholder rights compared to Class A units. 3. Series 1140 Units: This refers to the specific series of units within the trust, denoted by the number 1140. Each series may have unique investment strategies, objectives, and assets within the trust. In summary, the Utah 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 legal framework, rights, and responsibilities governing the trust. The agreement aims to provide transparency and ensure proper management of the trust's assets for the benefit of its unit holders.