Cook Illinois 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
• County: Cook
• 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. Cook Illinois Trust Indenture and Agreement is a legal document that outlines the terms and conditions between John Naveen and Co., Inc. and Chase Manhattan Bank in regard to the Naveen Tax Free Unit Trust, Series 1140. This agreement serves as a contractual agreement that governs the operations and management of the trust, ensuring compliance and protecting the interests of all parties involved. The Cook Illinois Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140, comprises several key provisions and conditions aimed at establishing a clear framework for the trust's functioning. These provisions include: 1. Trust Structure: The agreement defines the structure and purpose of the trust, clarifying that it is a tax-free unit trust created for the benefit of qualified investors seeking tax-exempt income. 2. Trustee Responsibilities: The agreement outlines the roles and responsibilities of Chase Manhattan Bank as the trustee of the Naveen Tax Free Unit Trust, Series 1140. It establishes that the trustee is responsible for administering the trust, safeguarding the assets, and making distributions to the unit holders in accordance with the trust's investment objectives. 3. Investment Objectives and Restrictions: The agreement lays out the investment objectives and restrictions for the Naveen Tax Free Unit Trust, Series 1140. These may include limitations on asset allocation, credit quality requirements, maturity restrictions, and diversification guidelines, among others. The document ensures that the trust's investments align with its objectives and comply with applicable legal and regulatory requirements. 4. Distribution Policies: The agreement sets forth the policies for distribution of income and capital gains to the unit holders of the trust. It may specify the frequency of distributions, the calculation method, and any applicable withholding taxes, ensuring transparency and clarity regarding the distribution process. 5. Termination and Amendment: The Cook Illinois Trust Indenture and Agreement allows for provisions related to the termination or amendment of the agreement. This section may detail circumstances under which the agreement may be terminated and the procedure for making amendments, ensuring flexibility and adaptability if necessary. It's important to note that the above description specifically pertains to the Cook Illinois Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140. There might be other types of Cook Illinois Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank governing different series or types of trusts offered by Naveen, each with its own unique terms and conditions tailored to their specific characteristics and investment objectives.

Cook Illinois Trust Indenture and Agreement is a legal document that outlines the terms and conditions between John Naveen and Co., Inc. and Chase Manhattan Bank in regard to the Naveen Tax Free Unit Trust, Series 1140. This agreement serves as a contractual agreement that governs the operations and management of the trust, ensuring compliance and protecting the interests of all parties involved. The Cook Illinois Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140, comprises several key provisions and conditions aimed at establishing a clear framework for the trust's functioning. These provisions include: 1. Trust Structure: The agreement defines the structure and purpose of the trust, clarifying that it is a tax-free unit trust created for the benefit of qualified investors seeking tax-exempt income. 2. Trustee Responsibilities: The agreement outlines the roles and responsibilities of Chase Manhattan Bank as the trustee of the Naveen Tax Free Unit Trust, Series 1140. It establishes that the trustee is responsible for administering the trust, safeguarding the assets, and making distributions to the unit holders in accordance with the trust's investment objectives. 3. Investment Objectives and Restrictions: The agreement lays out the investment objectives and restrictions for the Naveen Tax Free Unit Trust, Series 1140. These may include limitations on asset allocation, credit quality requirements, maturity restrictions, and diversification guidelines, among others. The document ensures that the trust's investments align with its objectives and comply with applicable legal and regulatory requirements. 4. Distribution Policies: The agreement sets forth the policies for distribution of income and capital gains to the unit holders of the trust. It may specify the frequency of distributions, the calculation method, and any applicable withholding taxes, ensuring transparency and clarity regarding the distribution process. 5. Termination and Amendment: The Cook Illinois Trust Indenture and Agreement allows for provisions related to the termination or amendment of the agreement. This section may detail circumstances under which the agreement may be terminated and the procedure for making amendments, ensuring flexibility and adaptability if necessary. It's important to note that the above description specifically pertains to the Cook Illinois Trust Indenture and Agreement for the Naveen Tax Free Unit Trust, Series 1140. There might be other types of Cook Illinois Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank governing different series or types of trusts offered by Naveen, each with its own unique terms and conditions tailored to their specific characteristics and investment objectives.