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 Travis
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State:
Multi-State
County:
Travis
Control #:
US-00195
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Word;
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An indenture is a deed with more than one party. In the old days they were written out, two copies, on a single piece of parchment then roughly cut, so the parts could later be compared. A deed of trust has at least two parties, the settler and the trustee, so it could be called an indenture.
Most bonds are issued pursuant to a Trust Indenture. In certain instances, bonds are issued pursuant to a Resolution of the issuer. Unless otherwise stated, the term Indenture, as used in this chapter, includes the Resolution. The Indenture is a contract between the issuer and the bond trustee.
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to.
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.
In simple terms, a bond indenture is a legal agreement between the issuer of a bond (the borrower) and the bondholders (the lenders). Think of it as the "rulebook" that outlines the terms and conditions of the bond issuance.
All bond covenants are part of a bond's legal documentation and are part of corporate bonds and government bonds. A bond's indenture is the portion that contains the covenants, both positive and negative, and is enforceable throughout the entire life of the bond until maturity.
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.
Individual items are known as covenants. However, the entire set of covenants is collectively known as an indenture. An indenture is a specialized form of agreement between the issuer and the investors. This agreement clearly outlines the rights and duties of every party involved in the transaction.
(6) when, by reason of the fact that trust indentures are commonly prepared by the obligor or underwriter in advance of the public offering of the securities to be issued thereunder, such investors are unable to participate in the preparation thereof, and, by reason of their lack of understanding of the situation, such ...
The Securities will be issued under an Indenture, dated as of (the “Indenture”), from the Company to The Bank of New York Mellon Trust Company, N.A., as Trustee, in one or more series, which series may vary as to interest rates, maturities, redemption provisions and selling prices, with all such terms for ...
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1.1. Covenants, Conditions and Restrictions upon Property. Covenants as set forth in the Indenture and all supplements related thereto.Indenture or other agreements and arrangements. (iii) to add to the covenants of the Department in the Trust Indenture; (iv) to add to the restrictions in the Trust. Warranties and agreements set forth herein, in the Indenture and in the Loan Agreement, the.