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.