A. Establishment of Series pursuant to Section 2.01 of the Indenture.
There is hereby established pursuant to Section 2.01 of the Indenture a series of Securities which shall have the following terms:
(1) The Securities of such series shall bear the title “Medium-Term Notes, Series I (Senior)” (referred to herein as the “Notes”).
(2) The aggregate principal amount of the Notes to be issued pursuant to this Officers’ Certificate is unlimited.
(3) The Notes shall be issuable in one or more tranches, with all Notes having the same terms, constituting a single tranche. The specific terms of each Note or tranche of Notes shall be determined from time to time in the manner described in the Prospectus Supplement and set forth in a Pricing Supplement. The principal and interest payable at the Stated Maturity, or earlier Redemption Date or repayment date, will be paid to the Holder of the Note at the time of payment. Accrued interest, if any, will be paid at the Stated Maturity, or earlier Redemption Date or repayment date, whether or not that date is an Interest Payment Date.
(4) Subject to any applicable business day convention as described in the Prospectus Supplement or in any applicable Pricing Supplement, interest payments on the Notes will be made on each Interest Payment Date applicable to, and at the Stated Maturity, or earlier Redemption Date or repayment, of, the Notes. Interest payable on any Interest Payment Date other than at the Stated Maturity, or earlier Redemption Date or repayment date, will be paid to the to the person in whose name a Note is registered at the close of business on the applicable Regular Record Date. The principal and interest payable at the Stated Maturity, or earlier Redemption Date or repayment date, will be paid to the Holder of the Note at the time of payment. Accrued interest, if any, will be paid at the Stated Maturity, or earlier Redemption Date or repayment date, whether or not that date is an Interest Payment Date.
(5) Each Note within such series shall mature on a date nine months or more from its date of issue as specified in such Note and in the applicable Pricing Supplement; provided, however, that no Commercial Paper Rate Note (as defined below) shall mature sooner than nine months and one day from its date of issue. If the Stated Maturity or, if applicable, earlier Redemption Date or repayment date specified in the applicable Pricing Supplement with respect to any Note falls on a day that is not a Business Day, any payment of principal of, premium, if any, and interest otherwise due on such day will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after such Stated Maturity, Redemption Date or repayment date, as the case may be.
With respect to the Notes of this series, and unless otherwise specified in the applicable Pricing Supplement, “Business Day” means any day, other than a Saturday or Sunday, (i) that is not a day on which banking institutions are authorized or required by law, regulation or executive order to close in New York, New York or Charlotte, North Carolina; (ii) for any Note denominated in a specified currency other than U.S. dollars or euro, a day that also is a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial center (as
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