US Legal Forms
Release and Cancellation of Trust Agreement - Trust Indenture

Indenture Form Meaning In Queens

Category:

Trusts - Termination

State:

Multi-State

County:

Queens

Control #:

US-00195

Format:

Instant download

Description

The Indenture form meaning in Queens refers to a legal document used to formally release and cancel a Trust Agreement or Trust Indenture. This form serves to acknowledge that the obligations set forth in an earlier Trust Agreement have been fulfilled, thus releasing any liens or encumbrances associated with it. It includes key features such as the identification of the parties involved, details of the Trust Agreement, and the signature of the parties, verified by a notary public. Filling instructions typically emphasize the completion of specific areas such as county, names of parties, and dates, requiring accuracy to ensure proper recording. Editing this form requires careful attention to maintain the legal validity of the document. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful during real estate transactions, estate planning, or when discharging obligations. Its clear structure allows for straightforward completion and ensures compliance with local legal standards in Queens.

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FAQ

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.

It is in English. We know it is a lease because of the following characteristics: It is an indenture, that is, the top of the deed is cut in a wavy line. This indicates that the deed was made between two or more parties.

Real Estate Indenture An indenture is a deed that establishes ongoing responsibilities between two parties in real estate.

Indenture. n. a type of real property deed in which two parties agree to continuing mutual obligations. One party may agree to maintain the property, while the other agrees to make periodic payments. 2) a contract binding one person to work for another.

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.

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.

(7) The term “indenture” means any mortgage, deed of trust, trust or other indenture, or similar instrument or agreement (including any supplement or amendment to any of the foregoing), under which securities are outstanding or are to be issued, whether or not any property, real or personal, is, or is to be, pledged, ...

Indenture refers to a legal and binding agreement, contract, or document between two or more parties. Traditionally, these documents featured indented sides or perforated edges.

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 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.