Schedule II Bank definition

Schedule II Bank means a bank that is a Canadian chartered bank listed on Schedule II under the Bank Act (Canada).

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

Schedule II Bank means a bank that is a bank listed on Schedule II or Schedule III under the Bank Act (Canada).

Examples of Schedule II Bank in a sentence

• Cidel is a wholly-owned subsidiary of Cidel Bank Canada, a Schedule II Bank regulated by the Office of the Superintendent of Financial Institutions (OSFI).

• The Custodian is a wholly-owned subsidiary of Cidel Bank Canada, a Schedule II Bank regulated by the Office of the Superintendent of Financial Institutions.

• A Participant in a Tranche 2 Lender’s rights and/or obligations under this Agreement that is not a Schedule I Bank, a Schedule II Bank, a Schedule III Bank or other Person who is a resident of Canada or otherwise not subject to withholding tax for purposes of the Income Tax Act (Canada) and the regulations promulgated thereunder shall not be entitled to the benefits of Section 3.01.

• Notwithstanding the foregoing, so long as Canadian Administrative Agent is a Schedule II Bank, Canadian Administrative Agent may appoint an Affiliate as successor Administrative Agent by providing prior written notice of such appointment to Borrower, Administrative Agent, and Lenders.

• The Custodian is a wholly-owned subsidiary of Cidel Bank Canada, a Schedule II Bank regulated by the Office of the Superintendent of Financial Institutions.The Custodian is responsible for safekeeping of all the investments and other assets of the Underlying Fund delivered to it (but not those assets of the Underlying Fund not directly controlled or held by the Custodian, as the case may be).

• Notwithstanding the foregoing, and providing the Canadian Facility Agent is a Schedule II Bank, the Canadian Facility Agent may, at any time, resign as Canadian Facility Agent and appoint as successor Canadian Facility Agent a Schedule III Bank that is an Affiliate of the Canadian Facility Agent.

• Upon the maturity date for such Bankers’ Acceptances, the Borrower shall pay to each Non-Acceptance Lender in respect of that Non-Acceptance Lender’s BA Equivalent Loan an amount equal to the face amount of the Bankers’ Acceptances which that Non-Acceptance Lender would have accepted and purchased at the Non-Acceptance Discount Rate for such Borrowing had that Non-Acceptance Lender been a Schedule I Bank, Schedule II Bank or Schedule III Bank.

• Notwithstanding the foregoing, and providing the Canadian Facility Agent is a Schedule II Bank, the Canadian Facility Agent may, at any time, resign as Canadian Facility Agent and appoint as successor Canadian Facility Agent a Schedule III Bank that is an affiliate of the Canadian Facility Agent.

• When selecting information technology one should also be careful not to reinforce existing social and cultural boundaries in the organization (Swan 2003:278).

• The fund will consist of a maximum of 40% of securities from any one issuer, other than Canadian Treasury Bills and a 25% limit on any one Schedule II Bank.

More Definitions of Schedule II Bank

Schedule II Bank means a Canadian Subsidiary of a non-resident banking entity, which Subsidiary is named in Schedule II of the Bank Act (Canada) S.C. 1991 C.46, as such schedule may be amended from time to time;

Schedule II Bank any Lender named on Schedule II to the Bank Act (Canada).

Schedule II Bank means Foreign bank subsidiaries regulated under the Bank Act, authorized to accept deposits.

Schedule II Bank means any Lender named on Schedule II to the Bank Act (Canada). “Schedule II/III Reference Banks” means Citibank, N.A., Canada Branch and such other Lenders to be agreed which are Schedule II Banks or Schedule III Banks and identified as such by notice from the Administrative Agent to the Canadian Borrowers and the Canadian Lenders, provided that such designated Canadian Lender has agreed to perform such role; provided if either of such banks ceases to be a Lender, such