Indenture Make Modifiable
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What is an indenture of assignment?
In the context of real property, it refers to a type of real property deed in which two parties agree to continuing mutual obligations. ... Also, in a financial context, an indenture is a written agreement that describes the borrowers' responsibility to the lenders in a bond or debenture issue.
What is an indenture document?
An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.
What is an indenture agreement?
An indenture agreement is the formal contract between a bond issuer and the bondholders. It sets forth the details of all the terms and conditions of the bonds, such as the exact day of their maturity, the timing of the interest payments and how they are calculated, and the details of any special features.
What is an indenture deed?
Indenture. 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.
What is a base indenture?
Base Indenture means the indenture dated as of May 26, 2009 between the Company and the Trustee.
What is an indenture of land?
Indenture is a deed. Normally, real property transaction involves the sale of real property under contract and is usually consummated by the delivery of an indenture or deed. An indenture is a written instrument used to convey an interest in real property; thus an indenture or deed conveys legal title.
What is a deed indenture?
Indenture. 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.
Is an indenture the same as a deed?
The term is used for any kind of deed executed by more than one party, in contrast to a deed poll which is made by one individual. In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party.
What does Indenture of Mortgage mean?
Definition of Mortgage Indenture. Share. Cite. Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).
What is the difference between a debenture and an indenture?
Debentures are the actual financial instruments - an unsecured debt instrument e.g. debt that is not collateralized like a corporate bond. Indentures are just the underlying contractual aspects such as coupon rates, payment dates, callability, etc.
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