Covered Bond Legislative Framework definition

Covered Bond Legislative Framework means the legislative framework established by Part I.1 of the National Housing Act (Canada);

Covered Bond Legislative Framework means the legislative framework established by Part

Examples of Covered Bond Legislative Framework in a sentence

• Covered bonds outstanding under the legacy Covered Bond Program do not form part of the BMO Global Registered Covered Bond Program nor do they benefit from the Covered Bond Legislative Framework.

• Covered Bonds issued under the Global Public Sector Covered Bonds Programme do not form part of the Global Legislative Covered Bond Programme, nor do they benefit from the Covered Bond Legislative Framework.

• Covered Bonds issued under the legacy Covered Bond Programme do not form part of the Legislative Covered Bond Programme, nor do they benefit from the Covered Bond Legislative Framework.

• CMHC has the right under the Covered Bond Legislative Framework and the CMHC Guide to suspend a registered issuer from issuing further covered bonds under a registered program if the issuer has breached certain requirements of its registered program or the CMHC Guide.

• These contracts are utilized by the Department’s JOC contracts in-house engineering staff.

• If the Guarantor or the Issuer voluntarily or involuntarily becomes subject to insolvency or winding-up proceedings including pursuant to the BIA, the CCAA or the Winding-up and Restructuring Act (Canada), notwithstanding the protective provisions of the Covered Bond Legislative Framework, it may delay or otherwise impair the exercise of rights or any realization by the Bond Trustee (for itself and on behalf of the other Secured Creditors) under the Covered Bond Guarantee and/or the Security Agreements.

• Further, the Covered Bond Legislative Framework contains provisions that will limit the application of the laws of Canada and the provinces and territories relating to bankruptcy, insolvency and fraudulent conveyance to the assignments of the Loans and their Related Security from the Seller to the Guarantor.

• Support all equipment items by service organizations which are reasonably convenient to the equipment installation in order to render satisfactory service to the equipment on a regular and emergency basis during the warranty period of the contract.

• OSFI Limit Covered Bonds currently outstanding (CAD Equivalent): Issued prior to registration under the legacy Covered Bond Programme$11,030,565,000Issued under the Legislative Covered Bond Programme$1,360,000,000Total$12,390,565,000OSFI maximum (CAD Equivalent):$15,360,915,480 *Covered Bonds issued under the legacy Covered Bond Programme do not form part of the Legislative Covered Bond Programme, nor do they benefit from the Covered Bond Legislative Framework.

• OSFI Limit Covered Bonds currently outstanding (CAD Equivalent):Issued prior to registration under the legacy Covered Bond Programme $11,030,565,000Issued under the Legislative Covered Bond Programme$1,360,000,000Total$12,390,565,000OSFI maximum (CAD Equivalent):$15,360,915,480 *Covered Bonds issued under the legacy Covered Bond Programme do not form part of the Legislative Covered Bond Programme, nor do they benefit from the Covered Bond Legislative Framework.