Schedule I Bank definition

Schedule I Bank means any bank named on Schedule I to the Bank Act (Canada).
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Schedule I Bank means a bank that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada).
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Schedule I Bank means a bank listed in Schedule I of the Bank Act (Canada).
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Examples of Schedule I Bank in a sentence

  • We may invest in interim investments that are guaranteed by the Government of Canada or of a province or territory of Canada or deposits or certificates of deposits, acceptances and other similar instruments issued, endorsed or guaranteed by a Schedule I Bank in any amount without prior board approval.

  • They may not engage in all the types of businesses permitted a Schedule I Bank.

  • The Company intends to spend an additional $22,540,000 to complete such expansion, with such funds being partially derived from operations, with the balance of funds raised from the recent $18,700,000 Schedule I Bank facility and the pending $10,000,000 Special Warrant Bought Deal transaction.

  • Upon the maturity date for such Bankers’ Acceptances, the Borrower shall pay to each Non-Acceptance Lender in respect of that Non-Acceptance Lender’s BA Equivalent Loan an amount equal to the face amount of the Bankers’ Acceptances which that Non-Acceptance Lender would have accepted and purchased at the Non-Acceptance Discount Rate for such Borrowing had that Non-Acceptance Lender been a Schedule I Bank, Schedule II Bank or Schedule III Bank.

  • Mr. Lau has been a director of WealthOne Bank of Canada, a Canadian Schedule I Bank, since 2018 and is currently a member of the Audit and the Credit Review Committees.


More Definitions of Schedule I Bank

Schedule I Bank means an authorized bank named in Schedule I of the Bank Act (Canada); "Schedule II bank" means an authorized bank named in Schedule II of the Bank Act (Canada);
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Schedule I Bank. “Schedule II Bank” or “Schedule III Bank” mean a bank under (as the case may be) Schedule I or II of the Bank Act (Canada) or an authorized foreign bank under Schedule III of the Bank Act (Canada).
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Schedule I Bank means, at any time, a Bank having a Canadian Swingline Loan Commitment that is listed in Schedule I to the Bank Act (Canada) at such time.
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Schedule I Bank means an institution listed on Schedule I of the Bank Act (Canada).
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Schedule I Bank means a bank that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada). “Schedule II Bank” means a bank that is a Canadian chartered bank listed on Schedule II under the Bank Act (Canada).
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Schedule I Bank means Canadian financial institution regulated under the Bank Act, authorized to accept deposits.
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Schedule I Bank means any Canadian bank that is a bank referred to in Schedule I to the Bank Act (Canada), S.C. 1991, c.46, as amended. "Schedule II Bank" means any Canadian bank that is a bank referred to in Schedule II to the Bank Act (Canada), S.C. 1991, c.46, as amended. "Schedule III Bank" means any Canadian bank that is a bank referred to in Schedule III to the Bank Act (Canada), S.C. 1991, c.46, as amended. "SEC" means the Securities and Exchange Commission and any successor agency.
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