Capital Term Certificates Clause Samples
The Capital Term Certificates clause defines the terms and conditions under which an entity issues certificates representing a fixed investment of capital for a specified period. These certificates typically outline the amount invested, the maturity date, and the interest or dividends payable to the holder during the term. By establishing clear rules for the issuance, redemption, and rights associated with these certificates, the clause ensures both parties understand their financial commitments and the timing of returns, thereby reducing uncertainty and managing investment risk.
Capital Term Certificates. The holders of the Borrower's Capital Term Certificates are not and will not be entitled to receive any payments with respect to the principal thereof or interest thereon solely because of withdrawing or being expelled from membership in the Borrower.
Capital Term Certificates. The LCTC's shall bear not interest and shall mature on the Maturity Date.