Term Certificates definition

Term Certificates means those Certificates designated in a Series Resolution (or certificate of KISTA accepting the successful bid for the sale of Series Certificates) as having a single maturity date, but which are subject to Mandatory Principal Payments.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Term Certificates means those Investor Certificates designated as the Class A Certificates.

Term Certificates means any and all Series of shares, interests, Participations or other equivalent instruments representing fractional undivided interests in the Participation granted by the Company to the Trust with respect to the receivables, as specified in the Supplement related to such Series.

Examples of Term Certificates in a sentence

• Unless the Depositor exercises its Optional Termination rights, the Certificates are payable only at the time and in the manner provided in the Trust Agreement and are not redeemable or prepayable at the option of the Depositor before such time, except that the Depositor may cause the Trust to prepay on a dollar for dollar basis the principal, without penalty or premium, of any Outstanding Series of Revolving Certificates with the proceeds of the issuance or Funding of a Series of Term Certificates.

• Unless the Depositor exercises its Optional Termination rights, the Certificates are payable only at the time and in the manner provided in the Trust Agreement and are not redeemable or prepayable at the option of the Depositor before such time, except that the Depositor may cause the Trust to prepay on a dollar for dollar basis the principal, without penalty or premium, of any Outstanding Series of Revolving Certificates with the proceeds of the issuance of a Series of Term Certificates.

• Unless otherwise specified for a specific type of Term Certificate below, these general terms and conditions shall apply to all Term Certificate Accounts, which are Term Certificates and IRA Term Certificates.

• The minimum balance for Money Market Share Accounts and Share Term Certificates is $250.

• Share Term Certificates are offered in terms of 6, 12, 18, 24, 30, 36, 48 and 60 months.

More Definitions of Term Certificates

Term Certificates means, collectively, those Certificates designated as the Class A Certificates and Class B Certificates.

Term Certificates. Any Certificates of a Series that is designated as a Term Series in the Supplement for such Series.

Term Certificates means, collectively, those Certificates designated as the Class A Certificates and the Class B Certificates.

Term Certificates means the Certificates maturing on October 1 in each of the years and .

Term Certificates means any Certificates (including the 2005 Certificates maturing June 1, 2021) that are subject to mandatory redemption pursuant to sinking fund requirements.

Term Certificates means those Certificates maturing on August 1, 20 .

Term Certificates means the Certificates maturing on December 1, 20 December 1, 20 .