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.
Maine Release and Cancellation of Trust Agreement - Trust Indenture
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FAQ
The bond indenture (aka trust indenture, deed of trust) is a legal contract between the issuer and the trustee that specifies the scope and the responsibilities of the borrower, the trustee, and the lender, and the characteristics of the bond, such as the maturity date, and the coupon rate.
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.
It specifies the important features of a bond, such as its maturity date, the timing of interest payments, method of interest calculation, callability, and convertible features, if applicable. A bond indenture also contains all the terms and conditions applicable to the bond issue.
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.
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 deed of trust, like a mortgage, pledges real property to secure a loan. This document is used instead of a mortgage in some states. While a mortgage involves two parties, a deed of trust involves three: the trustor (the borrower)
Protective covenants usually provide at least the following provisions:pay the interest and principal of its bonds.specify when bonds can be presented for payment.maintain the collateral in good condition.insure the collateral against loss.defend the legal title to the property.More items...
An indenture is a legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants.
SEC Form T-3 is an application for the qualification of an indenture that must be filed with the Securities and Exchange Commission (SEC). SEC Form T-3 is needed for compliance with the Trust Indenture Act of 1939, which applies to debt securities such as bonds, debentures, and notes that are offered for public sale.