Trust Indenture

This Trust Indenture is an agreement between a company who issues bonds and a trustee, usually a banking institution that will represent the company's interests. Because the rules governing the management of the bonds can be very complicated, this agreement includes provisions regarding outstanding, treasury and temporary debentures, payment of interest and covenants of both parties. The debenture also includes numerous provisions regarding defaults and remedies, as well as duties of the trustee. (continued ...)