Schedule I Banks definition

Schedule I Banks means, at any time, the Lenders that are listed in Schedule I to the Bank Act (Canada) at such time.
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Schedule I Banks means those financial institutions which are listed on Schedule I to the Bank Act.
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Schedule I Banks means the banks listed in Schedule I of the Bank Act (Canada) having equity of more than C$8,000,000,000.
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Examples of Schedule I Banks in a sentence

  • Notwithstanding anything to the contrary contained in this Agreement, participating interests in, and rights and obligations with respect to, Canadian Advances and Canadian Commitments may be granted or assigned only to Schedule I Banks, Schedule II Banks, Schedule III Banks or a Person established under the laws of Canada or any province or territory thereof that is authorized to carry on business in Canada pursuant to Part XII of the Bank Act (Canada).

  • The five major Schedule I Banks have been assigned substantial limits in all groups due to their relative high credit ratings and liquidity.

  • Allocations and reallocations of Commitments of Canadian Schedule I Banks and Canadian Schedule II Banks and their Designated Bank Affiliates pursuant to this Section shall be made ratably among the Canadian Banks in accordance with their respective Maximum Canadian Commitment Amounts.

  • Consequently, the borrowers who do not meet the rigid underwriting criteria of the Schedule I Banks find it more difficult to obtain financing from traditional financial institutions, regardless of loan-to-value ratios or security offered, presenting attractive lending opportunities to Viocity REIT.

  • The five largest Schedule I Banks are generally less aggressive in pursuing single family Conventional Mortgage loans where (i) the borrower is self-employed, (ii) the borrower lacks a well-developed domestic credit history due to having recently immigrated to Canada, (iii) the borrower intends to substantially renovate the property, or (iv) the borrower or the loan is otherwise outside the strict lending guidelines of the Schedule I Banks.

  • Residential Mortgages The single family conventional mortgage market in Canada is dominated by the Schedule I Banks which are aggressive in underwriting single family Conventional Mortgage loans provided they strictly comply in all aspects with rigid underwriting criteria.

  • As well, credit risk is managed by selecting Schedule I Banks operating in Canada as counterparties to the forward foreign currency contracts, if applicable, and by regular monitoring of credit exposures.

  • Schedule I Banks The minimum credit rating required for money market instruments is A-1(low) by S&P, P-1 by Moody’s and R-1(low) by DBRS.

  • Investments in the debt of National Bank of Canada is rated lower than the five major Schedule I Banks and therefore so is the exposure to this issuer.

  • However, the liquidity of Schedule II Bank debt is less than that of Schedule I Banks, particularly for debt with terms greater than 3 months.


More Definitions of Schedule I Banks

Schedule I Banks means a bank that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada).
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Schedule I Banks means banks (as defined in the Bank Act (Canada) (the “ Bank
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Schedule I Banks mexxx x xxxx that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada).
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Schedule I Banks means, at any time, the Lenders that are listed in Schedule I to the Bank Act (Canada) at suchtime.
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Schedule I Banks means, at any time, the Lenders that are listed in Schedule I to the Bank Act (Canada) at such time. “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
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Related to Schedule I Banks

  • Schedule III bank means an authorized foreign bank named in Schedule III of the Bank Act (Canada);

  • Schedule I Lender means any Lender named on Schedule I to the Bank Act (Canada).

  • Schedule I means the schedule of all Sale Portfolio that is Sold by the Seller to the Purchaser on a Purchase Date, as supplemented on any subsequent Purchase Date by the “Schedule I” attached to the applicable Loan Assignment, and incorporated herein by reference, as such schedule may be supplemented and amended from time to time pursuant to the terms hereof, which schedule shall, together with all supplements and amendments thereto, be included in and made part of the Loan Asset Schedule attached to the Loan and Servicing Agreement.

  • Schedule 1 means Schedule 1 of this Licence unless otherwise stated;

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Schedule 2 means Schedule 2 of this Licence unless otherwise stated;

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Annex II means Annex II to Directive 2008/98/EC of the European Parliament and of the Council on waste.

  • Schedule 9 means Schedule 9 to the Taxes Act 1988;

  • Bank of America Fee Letter means the letter agreement, dated January 4, 2011, among the Borrower, Bank of America and MLPFS.

  • Schedule 4 means Schedule 4 to ITEPA;

  • Schedule of Accounts means an aged trial balance and reconciliation to the Borrowing Base in form and substance reasonably satisfactory to the Administrative Agent (which may at the Administrative Agent’s discretion include copies of original invoices) listing the Accounts of the Borrower, certified on behalf of the Borrower by a Duly Authorized Officer, to be delivered on a monthly basis to the Administrative Agent by the Borrower pursuant to Section 8.1(d) hereof.

  • Schedule of Charges means the schedule as seen in clause Schedule of Charges;

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • heading means the first four digits in the tariff classification number under the Harmonized System;

  • Schedule E means internal revenue service schedule E (form 1040) filed by a taxpayer pursuant to the Internal Revenue Code.

  • Annex I means Annex I to Directive 2008/98/EC of the European Parliament and of the Council on waste.

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Schedule B herein mean Schedule B attached hereto as constituted on the Effective Date, and thereafter as it may be amended from time to time (deemed or in writing) pursuant to Section 16 or 19(l).

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Account Banks means the credit institutions administering the Accounts and “Account Bank” means any of them.

  • Schedule of Representations means the Schedule of Representations and Warranties attached hereto as Schedule B.

  • Exhibit F The awarded category pricing from the Contractor’s submitted Price Sheet from 3rd Bid RFP 15-80101507-SA-D

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Purchasing Banks as defined in subsection 10.5(d).