Virginia 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 Virginia Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank outlines the specific terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This legally binding document establishes the framework for the management of the trust and clarifies the responsibilities of both parties involved. The agreement ensures that the Naveen Tax Free Unit Trust, Series 1140, adheres to all applicable laws and regulations within the state of Virginia. It includes detailed provisions regarding the creation, operation, and termination of the trust, as well as guidelines for investment management and reporting. Key terms and conditions covered in the Virginia Trust Indenture and Agreement include the following: 1. Parties involved: The agreement establishes John Naveen and Co., Inc. as the sponsor of the trust and Chase Manhattan Bank as the trustee responsible for administering the trust's assets and ensuring compliance with the terms outlined in the agreement. 2. Capitalization and units: The trust is divided into a specific number of units, which may be divided into multiple classes, based on the investment requirements and objectives. The agreement clarifies the capitalization structure and the rights and obligations associated with holding these units. 3. Powers and duties of the trustee: The trustee is entrusted with the responsibility of investing and reinvesting the trust's assets in a manner consistent with the trust's investment objectives and in compliance with relevant laws and regulations. The agreement outlines the trustee's powers to manage and dispose of assets, as well as the trustee's fiduciary duties towards the trust and its unit holders. 4. Unit holder rights and obligations: The agreement defines the rights of the unit holders, including their entitlement to income distributions, voting rights, and information regarding the trust's management. Unit holders are also obligated to comply with the terms of the agreement, including making timely contributions and providing necessary information to the trustee. 5. Compensation and expenses: The agreement addresses the compensation of the trustee for its services, including management fees, reimbursement of expenses, and indemnification against liabilities incurred while acting in its capacity as trustee. It is important to note that the Naveen Tax Free Unit Trust, Series 1140, may have unique distinguishing features, such as variations in investment strategies, asset classes, or specific objectives. Therefore, while the general framework of the Virginia Trust Indenture and Agreement exists, the specific terms and conditions may be tailored to suit the needs and objectives of this particular series of the trust.

The Virginia Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank outlines the specific terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This legally binding document establishes the framework for the management of the trust and clarifies the responsibilities of both parties involved. The agreement ensures that the Naveen Tax Free Unit Trust, Series 1140, adheres to all applicable laws and regulations within the state of Virginia. It includes detailed provisions regarding the creation, operation, and termination of the trust, as well as guidelines for investment management and reporting. Key terms and conditions covered in the Virginia Trust Indenture and Agreement include the following: 1. Parties involved: The agreement establishes John Naveen and Co., Inc. as the sponsor of the trust and Chase Manhattan Bank as the trustee responsible for administering the trust's assets and ensuring compliance with the terms outlined in the agreement. 2. Capitalization and units: The trust is divided into a specific number of units, which may be divided into multiple classes, based on the investment requirements and objectives. The agreement clarifies the capitalization structure and the rights and obligations associated with holding these units. 3. Powers and duties of the trustee: The trustee is entrusted with the responsibility of investing and reinvesting the trust's assets in a manner consistent with the trust's investment objectives and in compliance with relevant laws and regulations. The agreement outlines the trustee's powers to manage and dispose of assets, as well as the trustee's fiduciary duties towards the trust and its unit holders. 4. Unit holder rights and obligations: The agreement defines the rights of the unit holders, including their entitlement to income distributions, voting rights, and information regarding the trust's management. Unit holders are also obligated to comply with the terms of the agreement, including making timely contributions and providing necessary information to the trustee. 5. Compensation and expenses: The agreement addresses the compensation of the trustee for its services, including management fees, reimbursement of expenses, and indemnification against liabilities incurred while acting in its capacity as trustee. It is important to note that the Naveen Tax Free Unit Trust, Series 1140, may have unique distinguishing features, such as variations in investment strategies, asset classes, or specific objectives. Therefore, while the general framework of the Virginia Trust Indenture and Agreement exists, the specific terms and conditions may be tailored to suit the needs and objectives of this particular series of the trust.