ACT Liability Value definition
ACT Liability Value. = Nominal amount of Covered Bond liabilities in Canadian Dollars (with currency transaction undertaken using or at foreign exchange rates reflected in the related Covered Bond Swap Agreement)
ACT Liability Value has the meaning given in Schedule 2 (Asset Coverage Test) to the Guarantor Agreement;
ACT Liability Value has the meaning given in Schedule 2 (Asset Coverage Test) to the Guarantor Agreement; Account Bank means BMO, acting through its office at 1 First Canadian Place, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ and any other financial institution which accedes to the Bank Account Agreement as an Account Bank; Account Bank Required Ratings means the threshold ratings of (i) P-1 (in respect of ▇▇▇▇▇’▇),