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.

Schedule I Banks means those financial institutions which are listed on Schedule I to the Bank Act.

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.

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.

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).

Schedule I Banks means banks (as defined in the Bank Act (Canada) (the “ Bank

Schedule I Banks means domestic banks authorized under Schedule I of the

Schedule I Banks means domestic banks that are authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canadian Deposit Insurance Corporation.

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

Schedule I Banks means, at any time, the Lenders that are listed in Schedule I to the Bank Act (Canada) at suchtime.

Schedule I Banks mexxx x xxxx that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada).