The South Dakota Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank pertains to the terms and conditions for the Naveen Tax Free Unit Trust, Series 1140. This legal document outlines the obligations and rights of both parties involved in managing the trust. The trust indenture serves as a legally binding agreement, ensuring transparency, accountability, and proper management of the trust. Key terms and conditions covered in the South Dakota Trust Indenture and Agreement may include: 1. Purpose and Structure: The agreement defines the purpose and objectives of the trust, specifying that it is a tax-free unit trust. It highlights the investment structure, assets held, and investment strategies employed. 2. Roles and Responsibilities: The trust indenture outlines the roles, rights, and responsibilities of John Naveen and Co., Inc., as the trustee, and Chase Manhattan Bank, as the custodian or fiscal agent. It delineates their duties in administering and managing the trust, including handling investments, tax matters, record-keeping, and reporting obligations. 3. Distribution of Income: The agreement specifies how income generated by the trust's investments will be distributed among the unit holders. It may detail the frequency and method of income distributions and the process for adjusting such distributions. 4. Redemption of Units: The trust indenture includes provisions regarding the redemption or repurchase of units by the trustee. It may define the conditions, timing, and procedures for unit redemption, as well as any associated fees or limitations. 5. Termination and Dissolution: In the event of the trust's termination or dissolution, the agreement elucidates the steps and procedures to be followed. It outlines the distribution of remaining assets, settling of outstanding obligations, and any necessary approvals or consents required. Other types of South Dakota Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank may exist for different series under the Naveen Tax Free Unit Trust. Each unique series would have its own distinct terms, conditions, and objectives tailored to specific investment goals and assets. To obtain additional information or documentation on the specific South Dakota Trust Indenture and Agreement between John Naveen and Co., Inc. and Chase Manhattan Bank regarding the Naveen Tax Free Unit Trust, Series 1140, it is advisable to consult the legal counsel or refer to the official document provided by the parties involved.
South Dakota Trust Indenture and Agreement between John Nuveen and Co., Inc. and Chase Manhattan Bank regarding terms and conditions for Nuveen Tax Free Unit Trust, Series 1140
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