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 Wake
Category:
State:
Multi-State
County:
Wake
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.
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.
(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 ...
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.
The Trust Indenture Act requires certain prospectus disclosure about the debt securities in registered offerings. Most offerings of debt securities that are exempt from registration under the Securities Act of 1933 are also exempt from the Trust Indenture Act requirements.
Most corporate bond issues over $5 million are required to include a trust indenture, and to file a copy of it with the SEC.
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.
A covenant is a promise to take an action (an affirmative covenant) or to refrain from taking an action (a negative covenant). Indentures contain a variety of covenants from the issuer to the trustee on behalf of the bondholders.
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.
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.
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THIS DECLARATION OF RESTRICTIVE COVENANT ("Declaration") is made as of the ___ day of. Wake County subdivisions may have protective or restrictive covenants recorded with the Wake County Register of Deeds office.On the day of in the year before me, the undersigned, personally appeared. SECTION 503 Collection Of Indebtedness And Suits For Enforcement By Trustee. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties. Lexis Practice Advisor® offers beginning-to-end practical guidance to support attorneys' work in specific legal practice areas. "Participants" means the Local Government Units which complete the necessary steps to become parties to this Indenture.