A Pennsylvania Trust Indenture and Agreement (TIA) is a legally binding document between John Naveen and Co., Inc. (Naveen) and Chase Manhattan Bank, outlining the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This agreement is specifically designed to govern the operations and management of the trust, ensuring transparency and compliance with relevant laws and regulations. The Pennsylvania Trust Indenture and Agreement between Naveen and Chase Manhattan Bank for the Naveen Tax Free Unit Trust, Series 1140, provides a comprehensive framework for the trust's operations. It covers various aspects, including but not limited to: 1. Purpose and Objectives: The document outlines the purpose and objectives of the Naveen Tax Free Unit Trust, Series 1140. It clarifies the trust's mission, investment strategy, and the targeted tax-free nature of its returns. 2. Rights and Responsibilities: The TIA defines the rights and responsibilities of both parties involved. It delineates Naveen's obligations as the investment advisor and Chase Manhattan Bank's role as the trustee responsible for safeguarding the assets and ensuring the trust's compliance with legal requirements. 3. Investment Management: The agreement details the investment management strategy for the Naveen Tax Free Unit Trust, Series 1140. It may include guidelines on asset allocation, risk management, diversification, and the selection of securities held within the trust. 4. Distribution of Income and Expenses: The TIA specifies how income and expenses will be distributed among the beneficiaries and covers details regarding the calculation and payment of dividends or interest. 5. Trustee Indemnification: The agreement outlines the terms and conditions under which Chase Manhattan Bank is indemnified for acts performed in good faith and within the prescribed limits of its fiduciary duty. 6. Termination or Modification: In case of termination or modification of the trust, the TIA outlines the necessary procedures, approvals, and conditions that need to be met. Different types of Pennsylvania Trust Indenture and Agreement between Naveen and Chase Manhattan Bank regarding terms and conditions for Naveen Tax Free Unit Trust, Series 1140 may arise based on updates, amendments, or specific conditions added over time. These variations would reflect changes in investment strategy, regulatory requirements, or evolving market conditions, but their specific names would depend on the nature of the modifications made.