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Related to Indenture: indenture deed, Bond indenture


Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder.


A contract for a bond. An indenture sets the terms of the bond; for example, it includes the coupon rate, the period until maturity, and whether the bond comes with any special features like convertibility or whether it is callable. All bonds must have an indenture. Indentures are usually summarized in a bond's prospectus.


A legal contract between a bond issuer and its lenders that specifies the terms of the issue. Typical provisions are the amount and dates of interest payments, name of the trustee, maturity date, collateral, restrictions on dividends or other borrowing, and specifics of a sinking fund or potential calls. It is the trustee's job to ensure that the terms of the indenture are fulfilled. Also called bond indenture, trust deed. See also covenant.


An indenture is a written contract between a bond issuer and bond holder that is proof of the bond issuer's indebtedness and specifies the terms of the arrangement, including the maturity date, the interest rate, whether the bond is convertible to common stock, and, if so, the price or ratio of the conversion.

The indenture, which may be called a deed of trust, also includes whether the bond is callable -- or can be redeemed by the issuer before it matures -- what property, if any, is pledged as security, and any other terms.

References in periodicals archive ?
PHEAA Student Loan Trust I-2003 Trust Indenture 2003-1
Student Loan Funding Corp-1997 Indenture of Trust 1997
Washington Student Loan Finance Association - 1998 Indenture of Trust (WA) 1998
Maine Educational Loan Authority-1996 Trust Indenture (ME) 1996
The letters state that KB Home is in default under the indentures because it has not delivered to the trustee a copy of KB Home's Quarterly Report on Form 10-Q for the quarter ended August 31, 2006 (the "Third Quarter 10-Q").
Although there can be no assurance that the Company will meet this schedule, the Company intends to file the Third Quarter 10-Q and to provide copies of that report (including its third quarter financial statements) to the trustee under the indentures on or before December 24, 2006, which would be in time to cure any default that might be declared under the indentures as a result of the delayed filing of the Third Quarter 10-Q.
80 times (x) per the indenture during 2005) and adequate coverage of total debt service (1.
The brief report 'Limited Debt Covenant Protection for Motorola Bondholders in LBO' provides a detailed LBO scenario as well as additional analysis on Motorola's bond indentures.
The filing of the Quarterly Report cures the alleged default under the indentures governing each of the Company's outstanding series of notes.
as trustee alleging that the failure of Amkor to file its Quarterly Report constituted a default under the indentures governing each of the Company's outstanding series of notes.
50% Convertible Senior Subordinated Notes due 2011 for a waiver of compliance by Amkor with certain covenants in the indentures governing each series of notes.