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.
Sample 1Sample 2Sample 3
Schedule I Banks means those financial institutions which are listed on Schedule I to the Bank Act.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

Examples of Schedule I Banks in a sentence

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

  • 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.

  • The Schedule I Banks lend on a very limited basis on land, so this is a niche that we can profitably exploit.

  • Schedule I Banks: 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.

  • Multi-Family Residential, Investment Properties and Commercial Mortgages Mortgage lending in the investment property market is dominated by a few large financial institutions, including the Schedule I Banks, life insurance companies and pension funds.

  • 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.

  • 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.


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).
Sample 1Sample 2
Schedule I Banks means banks (as defined in the Bank Act (Canada) (the “ Bank
Sample 1
Schedule I Banks means, at any time, the Lenders that are listed in Schedule I to the Bank Act (Canada) at such time. Toyota – Five Year Credit Agreement (2018)
Sample 1
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
Sample 1
Schedule I Banks mexxx x xxxx that is a Canadian chartered bank listed on Schedule I under the Bank Act (Canada).
Sample 1

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;

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

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the assignment agreement or Transfer Certificate which it executes on becoming a Party.

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

  • 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 in the Administrative Agent’s Permitted Discretion include copies of original invoices) listing the Accounts of each Loan Party, certified on behalf of each Loan Party by a Duly Authorized Officer of the Borrower, to be delivered on a monthly basis to the Administrative Agent by the Borrower pursuant to Section 6.1(i).

  • Schedule of Charges means the schedule as seen in clause 2.5.

  • Domestic Loan Parties means the Domestic 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 the Borrowers have entered into Blocked Account Agreements.

  • 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.

  • 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.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Original Lenders shall have the meaning assigned to such term in the recitals hereto.

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