Common use of Waiver of Formalities Clause in Contracts

Waiver of Formalities. The Guarantor hereby waives in favour of the Standby Account Bank certain statutory or other customary formalities of the Bills of Exchange Act (Canada) which include, for greater certainty, formalities relating specifically to presentment, protest, noting and notice, with respect to all Financial Instruments prepared, signed or endorsed and delivered to the Standby Account Bank hereunder; and the Standby Account Bank shall not, in any circumstances, be liable for the failure or omission to carry out any such formalities in connection with any Financial Instrument.

Appears in 7 contracts

Samples: Standby Bank Account Agreement, Standby Bank Account Agreement, Standby Bank Account Agreement

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Waiver of Formalities. The Guarantor LP hereby waives in favour of the Standby Account Bank certain statutory or other customary formalities of the Bills of Exchange Act (Canada) which include, for greater certainty, formalities relating specifically to presentment, protest, noting and notice, with respect to all Financial Instruments prepared, signed or endorsed and delivered to the Standby Account Bank hereunder; and the Standby Account Bank shall notno, in any circumstances, be liable for the failure or omission to carry out any such formalities in connection with any Financial Instrument.

Appears in 3 contracts

Samples: Standby Bank Account Agreement (RBC Covered Bond Guarantor Limited Partnership), Standby Bank Account Agreement, Standby Bank Account Agreement (RBC Covered Bond Guarantor Limited Partnership)

Waiver of Formalities. The Guarantor hereby waives in favour of the Standby Stand-By Account Bank certain statutory or other customary formalities of the Bills of Exchange Act (Canada) which include, for greater certainty, formalities relating specifically to presentment, protest, noting and notice, with respect to all Financial Instruments prepared, signed or endorsed and delivered to the Standby Stand-By Account Bank hereunder; and the Standby Stand-By Account Bank shall notno, in any circumstances, be liable for the failure or omission to carry out any such formalities in connection with any Financial Instrument.

Appears in 2 contracts

Samples: Stand by Bank Account Agreement (BMO Covered Bond Guarantor Limited Partnership), Stand by Bank Account Agreement

Waiver of Formalities. β€Œ The Guarantor hereby waives in favour of the Standby Account Bank certain statutory or other customary formalities of the Bills of Exchange Act (Canada) which include, for greater certainty, formalities relating specifically to presentment, protest, noting and notice, with respect to all Financial Instruments prepared, signed or endorsed and delivered to the Standby Account Bank hereunder; and the Standby Account Bank shall not, in any circumstances, be liable for the failure or omission to carry out any such formalities in connection with any Financial Instrument.

Appears in 1 contract

Samples: Standby Bank Account Agreement

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Waiver of Formalities. The Guarantor hereby waives in favour of the Standby Account Bank certain statutory or other customary formalities of the Bills of Exchange Act (Canada) which include, for greater certainty, formalities relating specifically to presentment, protest, noting and notice, with respect to all Financial Instruments prepared, signed or endorsed and delivered to the Standby Account Bank hereunder; and the Standby Account Bank shall will not, in any circumstances, be liable for the failure or omission to carry out any such formalities in connection with any Financial Instrument.

Appears in 1 contract

Samples: Standby Bank Account Agreement (Bank of Nova Scotia /)

Waiver of Formalities. The Guarantor hereby waives in favour of the Standby Account Bank Depository Institution certain statutory or other customary formalities of the Bills of Exchange Act (Canada) which include, for greater certainty, formalities relating specifically to presentment, protest, noting and notice, with respect to all Financial Instruments prepared, signed or endorsed and delivered to the Standby Account Bank Depository Institution hereunder; and the Standby Account Bank Depository Institution shall not, in any circumstances, be liable for the failure or omission to carry out any such formalities in connection with any Financial Instrument.

Appears in 1 contract

Samples: Standby Account Agreement

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