Bank of Canada definition
Examples of Bank of Canada in a sentence
Where an Employer is delinquent in filing remittances pursuant to Article 25.01 and 26.01 of the Collective Agreement and the Board of Trustees, with reasonable cause, decide to initiate collection proceedings, the Employer shall bear all of the costs of collection, including the costs of arbitration and interest on the aforesaid monies, computed at the prime rate of the Bank of Canada.
Where the Employer is delinquent and the Parties initiate collection proceedings, the Employer shall bear all the costs of collection, including the costs of arbitration and interest on the aforesaid monies, computed at the prime rate plus 1% of the Bank of Canada.
For the sole purposes of §9-104 of the Uniform Commercial Code, National Bank of Canada (and not only its New York Branch) shall be deemed the bank with which any Account is held.
These Digital Deposit (Remote Deposit Capture) Terms (these “Terms”) govern the terms and conditions pursuant to which the Bank shall provide the Digital Deposit Service (the “Digital Deposit Service”) to the Customer, which is one of the Services that the Customer has selected or initiated pursuant to the Master Banking and Cash Management Services Agreement by and between National Bank of Canada, New York Branch (the “Bank”) and the Customer (the “Cash Management Services Agreement”).
In the event there are not sufficient available funds in the Account to cover the Customer’s obligations under these Terms, the Customer agrees that the Bank may debit any account maintained by the Customer with the Bank, any affiliate of the Bank, or any National Bank of Canada branch, or that the Bank may set off against any amount it owes to the Customer in order to obtain payment of the Customer’s obligations under these Terms.
Subject to the terms hereof, the Balance Account Service enables the Customer to have funds in each account designated as a ZBA (as defined herein) transferred into a master central concentration account (the “Concentration Account”) in US Dollars opened by the Customer with National Bank of Canada, in Canada.
Further, if the USD exchange rate changes by 2% or more from the "noon" published rate by The Bank of Canada on the date of the quote, then Cummins reserves the right to revise the price accordingly.
The Balance Account Service is one of the Services which the Customer has selected pursuant to the Master Banking and Cash Management Services Agreement by and between National Bank of Canada, New York Branch (the “Bank”) and the Customer (the “Cash Management Services Agreement”).
Where an Employer is delinquent in filing remittances pursuant to Collective Agreement and the Board of Trustees, with reasonable cause, decide to initiate collection proceedings, the Employer shall bear all of the costs of collection, including the costs of Arbitration and interest on the aforesaid monies, computed at the prime rate of the Bank of Canada.
Although each of Royal Bank of Canada, The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal and The Bank of Nova Scotia (collectively, the “Settling Defendants”) deny liability, they have collectively entered into a new national settlement with the plaintiffs (the “Proposed Settlement”), subject to approval of the Courts.