← belizelaw.ai · The Bank Undertaking (The Bank Of Nova, Cap. 263:03

Notice of consent

Cap. 263:03, s. 5 · Revised Edition 2020

Any notice which may be required under the Laws of Belize to be given by the Transferor or the Transferee to any Third party or to be published, and any authorization, permission or consent required to be obtained for the perfecting of any transfer or assignment, the effective exercise of any right, the enjoyment of any benefit or the assumption of any liability or obligation by the Transferee by virtue of the vesting in the Transferee of the Undertaking, shall be deemed to have been duly given, published and obtained by the passing of this Act. The Bank Undertaking (The Bank SCHEDULE THE BANK UNDERTAKING (THE BANK OF NOVA SCOTIA BELIZE OPERATIONS) ACT Transferred Rights and Property [Section 3] PART 1 Assets All assets of the banking business carried on by the Transferor in Belize which at the close of business on the Appointed Day are recorded on the books and files of the Transferor in Belize or have been allocated to the said banking business (but not including those assets which are expressly excluded by the terms of the Agreement), which assets consist of all the estate, right, title and interest and responsibilities of the Transferor in and to all property of the Transferor recorded in such books or so allocated of every kind and description both real and personal, movable and immovable, corporeal and incorporeal, which assets include the properties set out hereunder but excluding specifically any security issued by persons resident in Belize in respect of loans made to persons resident in Belize by the Transferor which are recorded in the books of the Transferor outside of Belize, as at the close of business on the Appointed Day. Freehold Properties 1. Land and office premises on Bishop Street between Albert and Regent Streets in Belize City, The Bank Undertaking (The Bank 12 Lots 68 and 69 – Transfer Certificate of Title dated September 7th 1967; Folio 24 Vol. 7; Lot 70 – Transfer Certificate of Title dated September 7, 1967, Folio No. 25 Vol. 7; Lot 71 – Transfer Certificate of Title dated December 23, 1968, Folio No. 22 Vol. 7. 2. Land and office premises at Lot No. 249 on 2nd Street South (Price Street) Minister’s Fiat Grant No. 77 of 1965 dated November 6th 1965; Leasehold Properties 1. Corozal Branch Block 1 Parcels 497 and 496, 82 Fourth Avenue, Corozal Town 2. Belama Branch Block 16 Parcel 973, 2½ Miles Northern Highway 3. Orange Walk Branch Lot Corner Main and Park Streets, Orange Walk Town 4. Dangriga Branch – 108 St. Vincent Street, Dangriga Town, Stann Creek District 5. San Ignacio Branch – Lot on Burns Avenue, San Ignacio Town 6. Belmopan Branch 1915 Constitution Drive, Belmopan Part 2 The Bank Undertaking (The Bank Liabilities and Obligations Assumed ALL debts, liabilities, contractual engagements and obligations whatsoever (actual, contingent or otherwise) of the Transferor in Belize as at the close of business on the Appointed Day and comprising debts, contractual engagements, liabilities and obligations to customers and others incurred by the Transferor in carrying on the Undertaking by excluding those liabilities which are expressly excluded by the terms of the Agreement.
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