Schedule II Banks definition

Schedule II Banks means those financial institutions which are listed on Schedule II to the Bank Act.
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Examples of Schedule II Banks in a sentence

  • Construction loans for purpose built rental apartments and commercial buildings Mortgage financing to support the construction of purpose built rental apartments and commercial buildings is provided on a strictly limited basis by only a few large financial institutions, primarily a few of the Schedule I and Schedule II Banks and some Trust Companies.

  • 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).

  • At least one but not more than two Canadian Banks which are Schedule II Banks or Schedule III Banks under the Bank Act (Canada) to be designated by the Canadian Agent and the Canadian Borrowers (with the consent of each such Canadian Bank).

  • Schedule II Banks: are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit and Insurance Corporation.

  • Investments in securities issued by Schedule II Banks and Trust companies must: Be fully and unconditionally guaranteed as to principal and interest by the parent bank, and; Have a maximum term to maturity of no more than five years.

  • Most of the LOCs currently held by the Region are from Schedule I Banks (including Canadian top 5 banks) (92%) followed by Schedule II Banks (subsidiaries of foreign banks) (5%) and Schedule III Banks (foreign banks) (3%).There are no LOCs provided from financial institutions within the Additional Class.

  • Schedule II Banks Investing in the debt of Schedule II Banks offers the opportunity to marginally increase investment returns compared to investing in similar debt of Schedule I Banks, yet at the same time maintaining or even increasing the credit quality of the portfolio.

  • Investments in securities issued by Schedule II Banks and Trust companies must:• Be fully and unconditionally guaranteed as to principal and interest by the parent bank, and;• Have a maximum term to maturity of no more than five years.

  • Schedule II Banks: Foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by the Canada Deposit and Insurance Corporation.

  • Moody’s Investors Service, a credit rating agency.One Investment: Prudent Person Rule: Safekeeping:S&P: S&P/TSX Composite Index: Schedule I Banks: Schedule II Banks: Schedule III Banks: Weighted Average Maturity:Co-mingled investment program that guarantees regulatory compliance with the Municipal Act, which is specifically designed for Ontario municipalities, which is jointly operated by LAS and CHUMS Financing Corporation.

Related to Schedule II 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;

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

  • Schedule 4 means Schedule 4 to ITEPA;

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

  • 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.

  • 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.

  • Departing Lender Signature Page means each signature page to this Agreement on which it is indicated that the Departing Lender executing the same shall cease to be a party to the Existing Credit Agreement on the Effective Date.

  • 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).

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • 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.

  • 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.

  • 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.

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

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

  • Schedule 3 means Schedule 3 to ITEPA;

  • New Lender Supplement as defined in Section 2.1(c).

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

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

  • Commitment Schedule means the Schedule attached hereto identified as such.

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