Bank Act definition
Examples of Bank Act in a sentence
Until released in accordance with this Indenture, any funds received hereunder shall be kept in segregated records of the Warrant Agent and the Warrant Agent shall place the funds in segregated trust accounts of the Warrant Agent at one or more of the Canadian Chartered Banks listed in Schedule 1 of the Bank Act (Canada) (“Approved Bank”).
Any monies, securities, documents of title or other instruments that may at any time be held by the Warrant Agent shall be placed in the deposit vaults of the Warrant Agent or of any Canadian chartered bank listed in Schedule I of the Bank Act (Canada), or deposited for safekeeping with any such bank.
The Arbitrator shall do all the following: ° Apply applicable substantive law consistent with the FAA, National Bank Act and agency regulations; ° Apply applicable statutes of limitations; and ° Honor claims of privilege recognized at law.
For example, the carve out would apply to Schedule I or Schedule II banks under the Bank Act, whose charter is the Bank Act.
An equity exposure that qualifies as a community development invest- ment under section 24 (Eleventh) of the National Bank Act, excluding equity exposures to an unconsolidated small business investment company and eq- uity exposures held through a consoli- dated small business investment com- pany described in section 302 of the Small Business Investment Act.