The Washington Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank plays a crucial role in governing the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This legal document outlines the rights and responsibilities of both parties involved and protects the interests of the investors. The trust indenture and agreement define the objectives, operating guidelines, and investment strategies for the Naveen Tax Free Unit Trust, Series 1140. It establishes the trust's legal structure and ensures compliance with regulatory requirements. Key provisions within the Washington Trust Indenture and Agreement may include the following: 1. Parties Involved: The indenture identifies the two parties involved — JohNaveenen and Co., Inc. as the sponsor or issuer of the trust, and Chase Manhattan Bank as the trustee responsible for administering and safeguarding the assets of the trust. 2. Governance and Administration: The document outlines the trustee's responsibilities, including the collection and distribution of income, record-keeping, and reporting requirements. It also addresses any potential conflicts of interest and methods for resolving disputes between the parties. 3. Investment Objectives: The indenture defines the investment objectives of the trust, such as focusing on tax-free income generation or capital appreciation. It may specify the types of securities or instruments the trust can invest in, along with any limitations or restrictions. 4. Redemption and Distribution: The Washington Trust Indenture and Agreement may outline the terms and conditions for the redemption of units or shares by investors. It may also detail the distribution of income generated by the trust and specify any reinvestment options available to investors. 5. Fees and Expenses: The document may delineate the fees and expenses associated with managing the trust. This can include trustee fees, management fees, custodial fees, legal fees, or other operational costs. 6. Amendments and Termination: It addresses the procedures for making amendments to the trust indenture in case of changes in regulations or investment objectives. Additionally, it outlines the circumstances under which the trust can be terminated, such as maturity or investor voting. Different types of Washington Trust Indenture and Agreement may exist for various series or versions of the Naveen Tax Free Unit Trust. Series 1140 pertains to a specific iteration of the trust, while other series may have different terms and conditions customized to their respective investment objectives and strategies.