Schedule I Bank definition

Schedule I Bank means a bank that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada).

Schedule I Bank means a bank that is a Canadian chartered bank listed on Schedule I to the Bank Act (Canada).

Schedule I Bank means any bank named on Schedule I to the Bank Act (Canada).

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.

• Provided that the Corporation achieves sufficient funds under this Offering, it intends to obtain status as a Schedule I Bank under the Bank Act to launch its online banking operations.

• There is no guarantee that the Corporation will obtain status as a Schedule I Bank under the Bank Act.

More Definitions of Schedule I Bank

Schedule I Bank means any Canadian Tranche Lender named on Schedule I to the Bank Act (Canada).

Schedule I Bank means a bank listed in Schedule I of the Bank Act (Canada).

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);

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).

Schedule I Bank means a banking entity which is named in Schedule I of the Bank Act (Canada) S.C. 1991 C.46, as such schedule may be amended from time to time;

Schedule I Bank means any bank named on Schedule I to the Bank Act (Canada). “Schedule I Reference Bank” means, where there are two or fewer Canadian Lenders which are Canadian chartered banks that are Schedule I Banks, all such Lenders, and where there are more than two such Lenders, two of such Lenders chosen by the Administrative Agent and identified as such by notice from the Administrative Agent to the Canadian Borrowers and the Canadian Lenders, provided that such designated Canadian Lender has agreed to perform such role. “Schedule II Bank” means any Lender named on Schedule II to the Bank Act (Canada). “Schedule II/III Reference Banks” means Citibank, N.A., Canada Branch and such other Lenders to be agreed which are Schedule II Banks or Schedule III Banks and identified as such by notice from the Administrative Agent to the Canadian Borrowers and the Canadian Lenders, provided that such designated Canadian Lender has agreed to perform such role; provided if either of such banks ceases to be a Lender, such

Schedule I Bank means Canadian financial institution regulated under the Bank Act, authorized to accept deposits.