Fairfax 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
• County: Fairfax
• 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. Fairfax Virginia Trust Indenture and Agreement refers to a legal document between John Naveen and Co., Inc. and Chase Manhattan Bank that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This trust indenture ensures that both parties involved understand their rights, responsibilities, and obligations regarding the management and distribution of the trust's assets. The agreement aims to provide a comprehensive framework for the operation of the Naveen Tax Free Unit Trust, Series 1140 specifically in relation to tax-exempt investments. Some key elements covered in this Trust Indenture and Agreement may include: 1. Purpose and Formation: The document clarifies the purpose and objectives of the trust and outlines the process of its creation, including the authorized participants, the creation of units, and the overall structure of the trust. 2. Trustee's Roles and Duties: The agreement defines the responsibilities of Chase Manhattan Bank, acting as the trustee, which typically include managing the trust's assets, ensuring compliance with applicable regulations, and distributing income and principal to the unit holders. 3. Rights and Obligations of Unit Holders: The Trust Indenture and Agreement outlines the rights, privileges, and duties of the unit holders, such as the entitlement to receive income distributions, the right to vote on matters affecting the trust, and the obligation to comply with specific provisions and restrictions. 4. Investment Objectives and Restrictions: This section highlights the investment objectives, strategies, and limitations pertaining to the Naveen Tax Free Unit Trust, Series 1140. It may specify the types of securities that can be held within the trust, asset allocation guidelines, and any restrictions on leveraging or borrowing. 5. Distribution of Income and Principal: The agreement determines how income and principal will be distributed among the unit holders, including the frequency and method of distribution, and any special provisions for dividend reinvestment or the handling of fractional shares. 6. Termination and Amendment: The Trust Indenture and Agreement should outline the process and conditions for terminating the trust, as well as the procedures to amend or modify the agreement, ensuring that any changes are compliant with applicable laws. It's important to note that while the Naveen Tax Free Unit Trust, Series 1140 is specifically mentioned in this description, other Fairfax Virginia Trust Indenture and Agreement documents may exist between John Naveen and Co., Inc. and Chase Manhattan Bank regarding different series of Naveen Tax Free Unit Trusts. Each series may have its own distinct indenture and agreement, tailored to its unique investment objectives and requirements. In conclusion, the Fairfax Virginia Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140 serves as a legally binding document that establishes the terms and conditions for the management and operation of the trust, governing the relationship between the trustee and the unit holders.

Fairfax Virginia Trust Indenture and Agreement refers to a legal document between John Naveen and Co., Inc. and Chase Manhattan Bank that outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This trust indenture ensures that both parties involved understand their rights, responsibilities, and obligations regarding the management and distribution of the trust's assets. The agreement aims to provide a comprehensive framework for the operation of the Naveen Tax Free Unit Trust, Series 1140 specifically in relation to tax-exempt investments. Some key elements covered in this Trust Indenture and Agreement may include: 1. Purpose and Formation: The document clarifies the purpose and objectives of the trust and outlines the process of its creation, including the authorized participants, the creation of units, and the overall structure of the trust. 2. Trustee's Roles and Duties: The agreement defines the responsibilities of Chase Manhattan Bank, acting as the trustee, which typically include managing the trust's assets, ensuring compliance with applicable regulations, and distributing income and principal to the unit holders. 3. Rights and Obligations of Unit Holders: The Trust Indenture and Agreement outlines the rights, privileges, and duties of the unit holders, such as the entitlement to receive income distributions, the right to vote on matters affecting the trust, and the obligation to comply with specific provisions and restrictions. 4. Investment Objectives and Restrictions: This section highlights the investment objectives, strategies, and limitations pertaining to the Naveen Tax Free Unit Trust, Series 1140. It may specify the types of securities that can be held within the trust, asset allocation guidelines, and any restrictions on leveraging or borrowing. 5. Distribution of Income and Principal: The agreement determines how income and principal will be distributed among the unit holders, including the frequency and method of distribution, and any special provisions for dividend reinvestment or the handling of fractional shares. 6. Termination and Amendment: The Trust Indenture and Agreement should outline the process and conditions for terminating the trust, as well as the procedures to amend or modify the agreement, ensuring that any changes are compliant with applicable laws. It's important to note that while the Naveen Tax Free Unit Trust, Series 1140 is specifically mentioned in this description, other Fairfax Virginia Trust Indenture and Agreement documents may exist between John Naveen and Co., Inc. and Chase Manhattan Bank regarding different series of Naveen Tax Free Unit Trusts. Each series may have its own distinct indenture and agreement, tailored to its unique investment objectives and requirements. In conclusion, the Fairfax Virginia Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140 serves as a legally binding document that establishes the terms and conditions for the management and operation of the trust, governing the relationship between the trustee and the unit holders.