Tuition Certificate definition

Tuition Certificate means a certificate issued by the Program Custodian, or acknowledgment of such certificate through book entry by the Program Custodian, representing a fractional ownership interest in a Commonwealth College Opportunity Bond with a specified Issue Date and Maturity Date held by the Program Custodian.
Sample 1Sample 2Sample 3

Examples of Tuition Certificate in a sentence

  • In order to secure the payment of such fees if and when payable, the Owner, by accepting a Tuition Certificate, grants, pledges and assigns to MEFA a security interest in the funds deposited to the Distribution Account, and irrevocably authorizes MEFA to withdraw or cause to be withdrawn from the Distribution Account when due under the terms of this Enrollment Agreement an amount equal to the Stabilization Fee and any applicable Change of Beneficiary Fee, Additional Beneficiary Fee or Post Maturity Fee.

  • If an Owner experiences extraordinary circumstances which require such Owner to have access to the moneys invested in a Tuition Certificate prior to the Maturity Date of such Tuition Certificate, such Owner may request a financial hardship withdrawal by notifying MEFA.

  • The effect of the prior two sentences is that, if the Owner is able to sell the Tuition Certificate under the provisions of this paragraph, after deduction of the portion of the payment that the Owner has assigned to MEFA, the cash amount the Owner will obtain will be the initial Investment Amount of the Tuition Certificate plus interest at CPI flat until the August 1 preceding the Transfer Date or, if the Transfer Date is August 1, such Transfer Date.

  • The Owner by accepting the Tuition Certificate irrevocably assigns to MEFA and authorizes MEFA (in its own capacity and not as Program Custodian) to receive on behalf of the Owner from the Program Custodian, payments on the Current Coupon and apply such payments to such administrative fee.

  • The price at which a Tuition Certificate will be purchased from the Owner will be the Accreted Amount of such Tuition Certificate on the Pre-Transfer Accretion Date at the Standard Accrual Rate.

  • Nothing in the Contract shall constitute a promise or guarantee that each or any Participating Institution will be in existence at the time a Qualifying Beneficiary seeks to enroll or apply a Tuition Certificate.

  • On the Maturity Date of a Tuition Certificate, MEFA will cause to be deposited to the Distribution Account an amount equal to the Accreted Amount of such Tuition Certificate calculated at the Standard Accrual Rate.

  • If the Tuition Certificate is allocated to a new buyer, MEFA, the Agent or another agent for MEFA will provide for a direct transfer of ownership from the Owner to the buyer.

  • MEFA, if so notified, in its discretion may seek to allocate or cause the Tuition Certificate to be allocated to an applicant for a Tuition Certificate, but will not be obligated to do so and may be unable to do so.

  • The Program Custodian will register a transfer of the Tuition Certificate from the Owner to the transferee.

Related to Tuition Certificate

  • Allocation Certificate shall have the meaning set forth in Section 5.20.

  • Occupation Certificate means any occupation certificate as referred to in s 6.4 of the Act in respect of the Development Consent;

  • Information Certificate means the Information Certificate of Borrower constituting Exhibit A hereto containing material information with respect to Borrower, its business and assets provided by or on behalf of Borrower to Lender in connection with the preparation of this Agreement and the other Financing Agreements and the financing arrangements provided for herein.

  • Completion Certificate means the certificate to be issued by the GIPCL when the work/ s have been completed to his satisfaction as per terms of the contract.

  • Exemption Certificate is defined in clause (e) of Section 4.6.

  • Option Certificate means the certificate, substantially in the form set out as Schedule “A” hereto, evidencing an Option;

  • Satisfaction Certificate means the certificate materially in the form of the document contained in Call Off Schedule 5 (Testing) granted by the Customer when the Supplier has Achieved a Milestone or a Test;

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • Perfection Certificates is defined in Section 5.1.

  • Perfection Certificate is defined in Section 5.1.

  • Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit G-2 hereto or any other form approved by the Collateral Agent.

  • Collateral Information Certificate the Collateral Information Certificate to be executed and delivered by the Borrower pursuant to Section 5.1, substantially in the form of Exhibit J.

  • registration certificate means the certificate of registration or other documents in lieu thereof establishing that the Goods supplied under the Contract are registered for use in the Purchaser’s country in accordance with the applicable law.

  • Substantial Completion Certificate means the certificate issued and approved by the Authority indicating the date upon which the Trade Contractor Work (or a designated portion thereof) is Substantially Complete.

  • Construction Completion Certificate means a document:

  • Merchandise certificate means a writing not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.

  • Lien Certificate means, with respect to a Financed Vehicle, an original certificate of title, certificate of lien or other notification issued by the Registrar of Titles of the applicable state to a secured party which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title. In any jurisdiction in which the original certificate of title is required to be given to the Obligor, the term “Lien Certificate” shall mean only a certificate or notification issued to a secured party. For Financed Vehicles registered in states which issue confirmation of the lienholder’s interest electronically, the “Lien Certificate” may consist of notification of an electronic recordation, by either a third party service provider or the relevant Registrar of Titles of the applicable state, which indicates that the lien of the secured party on the Financed Vehicle is recorded on the original certificate of title on the electronic lien and title system of the applicable state.

  • License Certificate means evidence of a license provided by Licensor to Licensee in electronic or printed form.

  • Tax Matters Person Certificate The Class A-R Certificate with a Denomination of $0.01.

  • Written certification means a statement signed by a treating physician or referral physician that

  • practising certificate means a document issued by the Relevant Professional Body entitling you to provide legal services;

  • Income Certification means a Tenant Income Certification and a Tenant Income Certification Questionnaire in the form attached as Exhibit B hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Release Certificate means a Release Certificate in the form attached to this Appendix "C" as Schedule 2 executed by a duly authorized officer of the Custodian and delivered by the Custodian to the applicable Fund by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing.