Indenture For Land In Utah
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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.
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.
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 Trust Indenture Act of 1939 requires corporate bonds of $5 million or more offered for public sale to have a trust indenture, which is a contract between the bond issuer and bondholder. This makes the mortgage bond the correct answer.
Subdivision plans require approval in a public hearing, either before the City's Planning Commission or an Administrative Hearing Officer. As part of the approval process, a bond must be posted with the City that guarantees that necessary improvements like curb, gutter and sidewalks will be installed.
The Trust Indenture Act (TIA) of 1939 is a law that prohibits bond issues valued over $10 million (now updated to $50 million) from being offered for sale without a formal written agreement (an indenture).
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.
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.
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.
Some indentured servants served as cooks, gardeners, housekeepers, field workers, or general laborers, while others learned specific trades such as blacksmithing, plastering, and bricklaying, which they often parlayed into future careers.
