Palm Beach Florida 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: Palm Beach
• 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. Palm Beach Florida Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank: The Palm Beach Florida Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140, specific to Palm Beach, Florida. This trust agreement serves as a legally binding document that establishes the relationship between John Naveen and Co., Inc. (the issuer) and Chase Manhattan Bank (the trustee) in managing the Naveen Tax Free Unit Trust. Key Responsibilities: 1. Issuer's Responsibilities: — The issuer, JohNaveenen and Co., Inc., is entrusted with managing the assets of the Naveen Tax Free Unit Trust, Series 1140 in accordance with the guidelines set forth in the trust agreement. — The issuer must ensure compliance with all applicable laws, regulations, and reporting requirements. — Regularly providing reports and statements to the trustee regarding the performance and financial status of the trust. 2. Trustee's Responsibilities: — Chase Manhattan Bank, as the trustee, holds legal title to the assets of the trust and acts as a fiduciary. — Responsible for safeguarding the trust assets and ensuring their secure custody. — Administers distributions, interest payments, and other disbursements to the beneficiaries and bondholders as outlined in the trust agreement. — Engages in periodic reviews and audits to ensure compliance with the agreed-upon terms and conditions. — Acts as a liaison between the issuer and the bondholders, ensuring effective communication and transparency. Terms and Conditions: The trust agreement typically covers the following terms and conditions for the Naveen Tax Free Unit Trust, Series 1140: 1. Trust Property: — Detailed description of the trust property, including investments, securities, and other assets held within the trust. — Specific provisions for additions or removal of assets as permitted by the agreement. 2. Bondholder Rights: — Outlines the rights, benefits, and protections afforded to the bondholders, including priority of payments, remedies in case of default, and dispute resolution mechanisms. 3. Distributions: — Specifies the frequency and methodology for distributing income, dividends, or interest earned by the trust assets to the bondholders. 4. Termination: — Procedures and conditions for the termination of the trust agreement, including the distribution of remaining assets to bondholders upon maturity or other agreed-upon events. Different Types of Palm Beach Florida Trust Indenture and Agreements Naveenen Tax Free Unit Trust, Series 1140: While the specific Naveen Tax Free Unit Trust, Series 1140, is mentioned in the given prompt, it's important to note that there may be multiple trust indentures and agreements within the Palm Beach, Florida jurisdiction, tailored to different investment purposes or series offered by Naveen and Co., Inc. and Chase Manhattan Bank. These agreements might have similar or distinct terms and conditions depending on the specific investment objectives and asset composition. The different series might be identified by a numerical or alphabetical designation (e.g., Series 1141, Series A, Series B, etc.) and may differ based on factors like maturity date, targeted yield, or investment strategy.

Palm Beach Florida Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank: The Palm Beach Florida Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank outlines the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140, specific to Palm Beach, Florida. This trust agreement serves as a legally binding document that establishes the relationship between John Naveen and Co., Inc. (the issuer) and Chase Manhattan Bank (the trustee) in managing the Naveen Tax Free Unit Trust. Key Responsibilities: 1. Issuer's Responsibilities: — The issuer, JohNaveenen and Co., Inc., is entrusted with managing the assets of the Naveen Tax Free Unit Trust, Series 1140 in accordance with the guidelines set forth in the trust agreement. — The issuer must ensure compliance with all applicable laws, regulations, and reporting requirements. — Regularly providing reports and statements to the trustee regarding the performance and financial status of the trust. 2. Trustee's Responsibilities: — Chase Manhattan Bank, as the trustee, holds legal title to the assets of the trust and acts as a fiduciary. — Responsible for safeguarding the trust assets and ensuring their secure custody. — Administers distributions, interest payments, and other disbursements to the beneficiaries and bondholders as outlined in the trust agreement. — Engages in periodic reviews and audits to ensure compliance with the agreed-upon terms and conditions. — Acts as a liaison between the issuer and the bondholders, ensuring effective communication and transparency. Terms and Conditions: The trust agreement typically covers the following terms and conditions for the Naveen Tax Free Unit Trust, Series 1140: 1. Trust Property: — Detailed description of the trust property, including investments, securities, and other assets held within the trust. — Specific provisions for additions or removal of assets as permitted by the agreement. 2. Bondholder Rights: — Outlines the rights, benefits, and protections afforded to the bondholders, including priority of payments, remedies in case of default, and dispute resolution mechanisms. 3. Distributions: — Specifies the frequency and methodology for distributing income, dividends, or interest earned by the trust assets to the bondholders. 4. Termination: — Procedures and conditions for the termination of the trust agreement, including the distribution of remaining assets to bondholders upon maturity or other agreed-upon events. Different Types of Palm Beach Florida Trust Indenture and Agreements Naveenen Tax Free Unit Trust, Series 1140: While the specific Naveen Tax Free Unit Trust, Series 1140, is mentioned in the given prompt, it's important to note that there may be multiple trust indentures and agreements within the Palm Beach, Florida jurisdiction, tailored to different investment purposes or series offered by Naveen and Co., Inc. and Chase Manhattan Bank. These agreements might have similar or distinct terms and conditions depending on the specific investment objectives and asset composition. The different series might be identified by a numerical or alphabetical designation (e.g., Series 1141, Series A, Series B, etc.) and may differ based on factors like maturity date, targeted yield, or investment strategy.