• US Legal Forms

Indenture Meaning With Examples In Pima

State:
Multi-State
County:
Pima
Control #:
US-00195
Format:
Word; 
Rich Text
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Description

The term 'indenture' refers to a formal legal agreement, typically used in the context of establishing the terms of a trust or debt. In Pima, an indenture can serve as a binding agreement between two or more parties outlining specific obligations and conditions. For instance, a Trust Indenture may define how a trustee manages assets for beneficiaries. Key features of the document include the cancellation of past agreements, satisfaction of obligations, and release of liens and encumbrances. Users must accurately complete the form by filling in details like party names, dates, and record information from land records. Attorneys, partners, and legal assistants benefit from this form by ensuring that trust agreements are properly canceled and that all involved parties are legally notified. Furthermore, the form provides a clear framework for compliance and record-keeping, essential for maintaining legal credibility in property transactions.
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  • Preview Release and Cancellation of Trust Agreement - Trust Indenture
  • Preview Release and Cancellation of Trust Agreement - Trust Indenture

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FAQ

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.

The Indenture pledges certain revenues as security for repayment of the Bonds. The Trustee agrees to act on behalf of the holders of the Bonds and to represent their interests.

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.

An indenture is a particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.

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.

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.

The bond indenture is a legal document that defines the terms of the bond issue including the rights of bondholders; the bond certificate provides details about the bond being issued including the financial elements of the bond.

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Indenture Meaning With Examples In Pima