Indentured With Meaning In Houston
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The terms of the Indenture are tailored to reflect the specific type of transaction and issuer. Like credit agreements,1 an Indenture contains lending and repayment terms. In contrast to credit agreements, however, the lender is not a party to an Indenture.
Draft an indenture agreement Brainstorm potential clauses to include in the indenture agreement. Identify and research any applicable laws and regulations. Draft the agreement, being sure to include all necessary terms and conditions. Review and revise the agreement as needed.
The term is used for any kind of deed executed by more than one party, in contrast to a deed poll which is made by one individual. In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party.
Real Estate Indenture An indenture is a deed that establishes ongoing responsibilities between two parties in real estate.
A deed made between two or more parties who are not acting as one person. The word indenture originated in the days when the requisite number of copies of a deed would be engrossed onto a single piece of parchment, which would then be cut into individual deeds, with each party holding his own copy.
A contract between an Issuer and a Trustee (normally a commercial bank with trust powers) under which the Issuer issues Bonds and specifies their Maturities, Interest Rates, Redemption provisions, form, exchange provisions, security and other terms.
In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.
Meaning of indentured in English relating to an official agreement that someone will work for someone else for a length of time, especially in order to learn a job: He served an indentured apprenticeship in mechanical engineering.
The term comes from the medieval English "indenture of retainer"—a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged (toothed, hence the term "indenture") line so that the teeth of the two parts could later be refitted to confirm authenticity (chirograph).
For much of the seventeenth century, those servants were white English men and women—with a smattering of Africans, Indians, and Irish—under indenture with the promise of freedom.
