This form is a Release and Cancellation of Trust Agreement / Trust Indenture. All liens and encumberances created thereby are certified to be satisfied and released. Adapt to fit your circumstances.
Indenture With Covenants In Contra Costa
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State:
Multi-State
County:
Contra Costa
Control #:
US-00195
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Word;
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FAQ
An example of a contractual covenant is a non-compete agreement. Examples of common covenants in property law include agreements not to build a fence or agreements to maintain a shared driveway.
A property covenant is an agreement between two or more parties regarding certain use of a piece of real property. The covenant will either benefit or burden the landowner. A covenant that burdens the landowner is also called a restrictive covenant.
Bond covenants are designed to protect the interests of both parties. Negative or restrictive covenants forbid the issuer from undertaking certain activities; positive or affirmative covenants require the issuer to meet specific requirements.
Restrictive Covenants: Examples and Types Limiting what decorations are put up outside the home. Prohibiting business use on property in a residential area. Prohibiting or limiting pets. Restricting the number of people allowed to occupy the building. Limiting the number of vehicles on the property.
Every covenant contained in a grant of an estate in real property, which is made for the direct benefit of the property, or some part of it then in existence, runs with the land.
The indenture will contain several protective covenants. These are limitations agreed to by the borrower to protect the investor from a deterioration of value and default. A review of these covenants is important for evaluating the borrower's credit risk.
Understanding Bond Covenants Possible bond covenants might include restrictions on the issuer's ability to take on additional debt, requirements that the issuer provide audited financial statements to bondholders, and limitations on the issuer's ability to make new capital investments.