Cut city in the Indenture

Aug 6th, 2022
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How to cut city in the Indenture

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The term trustee under the indenture is used synonymously with trustee, and corporate trustee. Indenture is used synonymously with corporate indenture, trust indenture. trust deed and corporate trust indenture.
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholders interests. A bond trustee holds a fiduciary duty to oversee a bond issue and to enforce the terms of a bond indenture.
An indenture is a deed that establishes ongoing responsibilities between two parties in real estate. For instance, one party might promise to look after a property, and the other might commit to pay for it.
In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.
The term comes from the medieval English indenture of retainera legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged (toothed, hence the term indenture) line so that the teeth of the two parts could later be refitted to confirm authenticity (chirograph).
An indenture is a particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.
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.
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.

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