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.
California Release and Cancellation of Trust Agreement - Trust Indenture
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FAQ
A trust indenture is a contract entered into by a bond issuer and an independent trustee to protect the interests of bondholders. The SEC must approve this document. The trust indenture highlights the terms and conditions that the issuer, lender, and trustee must adhere to during the life of the bond.
A bond indenture agreement is a contract or legal document that records the obligations of the bond issuer and the benefits that will be given to the bondholder. A bond indenture may also be called a bond resolution, a bond contract, or a deed of trust. A bond indenture is a contract that is blanket and unconditional.
That is why the bond indenture is actually issued to a trustee or third party that represents the bondholders. The trustee is most often a bank or some other financial institution. If the company breaks the agreement set forth in the bond indenture, the trustee can sue the company on behave of the bondholders.
The agreement entered into by the issuer, and the trustee is referred to as the trust indenture. A trust indenture is a legal and binding contract that is created to protect the interests of bondholders.
Bond indenture (also trust indenture or deed of trust) is a legal document issued to lenders and describes key terms such as the interest rate, maturity date, convertibility, pledge, promises, representations, covenants, and other terms of the bond offering.
Indenture is defined as to bind or commit someone to work for you, usually using some type of legal contract. When you give someone a loan in exchange for him signing a contract to work for you for a given period of time, this is an example of when you indenture him.
Generally, the indenture trustee handles administrative matters relating to the securities and ensures that the issuer complies with the terms of the indenture governing the terms of the securities and the rights and obligations of the issuer, the trustee and the holders.
2.01 Subsection 82(1) of the CBCA defines a trust indenture as any deed, indenture or other instrument, including any supplement or amendment thereto, made by a corporation after its incorporation or continuance under this Act, under which the corporation issues debt obligations and in which a person is appointed as
1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.
Which bond offering is required to have a trust indenture under the Trust Indenture Act of 1939? A: Mortgage Bond (Corporate bond offerings over $50,000,000 must have a trust indenture under the Trust Indenture Act of 1939. Mortgage bonds are corporate bonds, typically issued by utilities.