Branch of Account. 18.01 For the purposes of the Bank Act, the branch of the Bank set out in a Covered Bond or the related Final Terms shall be the branch of account (the “Branch of Account”) for the deposits evidenced by such Covered Bond.
18.02 Each Covered Bond will be paid without the necessity of first being presented for payment at the Branch of Account.
18.03 If the Branch of Account is not in Canada, the Bank may change the Branch of Account for the deposits evidenced by any Covered Bond, upon not less than seven days’ prior notice to its Holder given in accordance with Condition 14 and upon and subject to the following terms and conditions:
(a) if such Covered Bond is denominated in Yen, the Branch of Account shall not be in Japan;
(b) the Issuer shall indemnify and hold harmless the Holders of such Covered Bonds and Coupons relating thereto against any tax, duty, assessment or governmental charge which is imposed or levied upon such Holder as a consequence of such change, and shall pay the reasonable costs and expenses of the Issuing and Paying Agent in connection with such change; and
(c) notwithstanding (b) above, no change of the Branch of Account may be made unless immediately after giving effect to such change (i) no Issuer Event of Default, Guarantor Event of Default, Potential Issuer Event of Default or Potential Guarantor Event of Default shall have occurred and be continuing and (ii) payments of principal and interest on Covered Bonds of such Series and Coupons relating thereto to Holders thereof (other than Excluded Holders, as hereinafter defined) shall not, in the opinion of counsel to the Issuer, be subject to any taxes, as hereinafter defined, to which they would not have been subject had such change not taken place. For the purposes of this section, an “Excluded Holder” means a Holder of a Covered Bond of such Series or Coupon relating thereto who is subject to taxes by reason of his having some connection with the Relevant Jurisdiction other than the mere holding of a Covered Bond of such Series or Coupon as a non-resident of such Relevant Jurisdiction. “Relevant Jurisdiction” means and includes Canada, its provinces or territories and the jurisdiction in which the new Branch of Account is located, and “taxes” means and includes any tax, duty, assessment or other governmental charge imposed or levied in respect of the payment of the principal of the Covered Bonds of such Series or interest thereon for or on behalf of a Relevant Jurisdiction or any a...
Branch of Account. For purposes of the Trust and Loan Companies Act (Canada), the branch of account for your Plan is the branch location indicated on the statement for your Plan. We may change your branch of account by giving written notice to you.
Branch of Account. For purposes of the Trust and Loan Companies Act (Canada), the branch of account for your TFSA is the branch location indicated on your TFSA account statement. We may change your branch of account by giving written notice to you.
Branch of Account. 18.01 For the purposes of the Bank Act, the branch of the Bank set out in a Covered Bond or the related Final Terms shall be the branch of account (the “Branch of Account”) for the deposits evidenced by such Covered Bond.
18.02 Each Covered Bond will be paid without the necessity of first being presented for payment at the Branch of Account.
18.03 If the Branch of Account is not in Canada, the Bank may change the Branch of Account for the deposits evidenced by any Covered Bond, upon not less than seven days’ prior notice to its Holder given in accordance with Condition 14 and upon and subject to the following terms and conditions:
Branch of Account. 18.01 For the purposes of the Bank Act, the branch of the Bank set out in a Covered Bond or the related Final Terms shall be the branch of account (the “Branch of Account”) for the deposits evidenced by such Covered Bond.
18.02 Each Covered Bond will be paid without the necessity of first being presented for payment at the Branch of Account.
18.03 If the Branch of Account is not in Canada, the Bank may change the Branch of Account for the deposits evidenced by any Covered Bond, upon not less than seven days’ prior notice to its Holder given in accordance with Condition 14 and upon and subject to the following terms and conditions:
(a) if such Covered Bond is denominated in Yen, the Branch of Account shall not be in Japan;
(b) the Issuer shall indemnify and hold harmless the Holders of such Covered Bonds and Coupons relating thereto against any tax, duty, assessment or governmental charge which is imposed or levied upon such Holder as a consequence of such change, and shall pay the reasonable costs and expenses of the Issuing and Paying Agent in connection with such change; and
(c) notwithstanding (b) above, no change of the Branch of Account may be made unless immediately after giving effect to such change (i) no Issuer Event of Default, Guarantor Event of Default, Potential Issuer Event of Default or Potential Guarantor Event of Default shall have occurred and be continuing and
Branch of Account. 18.01 For the purposes of the Bank Act, the branch of the Bank set out in a Covered Bond or the related Final Terms shall be the branch of account (the “Branch of Account”) for the deposits evidenced by such Covered Bond.
18.02 Each Covered Bond will be paid without the necessity of first being presented for payment at the Branch of Account.
Branch of Account. 18.01 For the purposes of the Bank Act, the branch of the Bank set out in a Covered Bond or the related Final Terms shall be the branch of account (the “Branch of Account”) for the deposits evidenced by such Covered Bond.
18.02 Each Covered Bond will be paid without the necessity of first being presented for payment at the Branch of Account.
18.03 If the Branch of Account is not in Canada, the Bank may change the Branch of Account for the deposits evidenced by any Covered Bond, upon not less than seven days’ prior notice to its Holder given in accordance with Condition 14 and upon and subject to the following terms and conditions: the Issuer shall indemnify and hold harmless the Holders of such Covered Bonds against any tax, duty, assessment or governmental charge which is imposed or levied upon such Holder as a consequence of such change, and shall pay the reasonable costs and expenses of the Issuing and Paying Agent in connection with such change; and
Branch of Account. Each Lender shall be severally liable under each Direct Letter of Credit in proportion to its Percentage Share on the Issuance Date of such Direct Letter of Credit and each Direct Letter of Credit shall specify each Lender's share of the amount payable thereunder.
Branch of Account. For purposes of the Trust and Loan Companies Act (Canada), the branch of account for your Plan is the branch location indicated on the monthly statement for your Plan. We may change your branch of account by giving written notice to you. 1977016 (12/10) Addendum This Addendum sets out further provisions required by the applicable pension legislation of the provinces of Saskatchewan, Newfoundland & Labrador and New The Addendum forms part of the main LIRA Agreement to which it is attached. In the case of any inconsistency between the main LIRA Agreement and this Addendum, this Addendum shall prevail in all cases.
Branch of Account. For purposes of the Trust and Loan Companies Act (Canada), the branch of account for your Plan is the branch location indicated on the statement for your Plan. We may change your branch of account by giving written notice to you. If this is a group retirement savings plan “Plan Sponsor” means a corporation, partnership or an association that: • is your employer or your Spouse’s employer, to which you or your Spouse may otherwise have a membership or affiliation; and • has adopted a Group Savings Plan, of which you are a member or a former member entitled to benefits under the Group Savings Plan. You acknowledge that the Plan Sponsor’s arrangement with Scotiatrust and you, or your spouse, imposes certain additional terms and conditions on the Plan referred to in this Declaration of Trust, as set out below.
