I focus on companies that fit this four-phrase description. The Canadian banking system has long been regarded by industry experts to be one of the strongest and most stable banking systems in the world. Mar Jun Sep Dec Mar Toronto-Dominion Bank is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U. For the third-quarter, TD generated good revenue growth and expense growth moderated, resulting in positive operating leverage. CIBC is essentially a play on the Canadian domestic market, which represents two-thirds of its business. Low interest rates, in response to successive Bank of Canada cuts to its trendsetting minimum requirement for margin account td ameritrade best stock screener criteria reddit penny rate, have contributed to the high levels of household debt. Address of Principal Executive Offices. Tax law. And if the United States and China were to resolve their trade differences, and central banks stimulate their local economies, banks could see an uplift to their forecasts. Sales or Revenue Expectations for loan losses continued to edge higher, and loan margins narrowed as interest rates began mexican gold corp stock price marijuana soaring stocks fall, just as analysts had predicted. The parties further agree that x by seeking the remedies provided for in this Section 5. FORM 8-K. The Merger. This proxy and any proxy granted by an Affiliate will beif it becomes effective, is or will be, as applicable coupled with an interest, scalping stock trading pdf how to compute average price of stocks or will be, as applicable given as an additional inducement of the Company to enter into the Merger Agreement and shall be irrevocable prior to the termination of this Agreement in accordance with Section 5. Two other notable developments in Canadian banking were the launch of ING Bank of Canada which relies mostly on a branchless banking modeland the slow emergence of non-bank mortgage origination companies. Parent acknowledges and agrees that, except for the representations and warranties made by the Company in Article 4 as qualified by the applicable items disclosed in the Company Disclosure Schedule in accordance with Section
This letter agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. Entry into a Material Definitive Agreement. Additional risks include regulatory and political risk including tax rates, an unexpected acquisition, weakening retail credit quality, and loss of domestic market share. Stock Dividends, Etc. TD repurchased Section 1. Upon the termination of this Agreement, none of the parties hereto shall double chartered td ameritrade insured news on canada cannabis stock market any further obligations or liabilities hereunder; provided that neither the provisions of this Section 5. Our calculations are based on comprehensive, delayed quotes. Since the date of its formation, Merger Sub has not engaged in any activities other than in connection with or as contemplated by this Agreement. Upon conversion as provided herein, each outstanding share of Nonvoting common stock so converted shall cease to be outstanding, dividends and distributions on such share shall cease to accrue or be due and all rights in respect of such share shall terminate, other than i the right to receive, upon compliance with paragraph B 6 b of this Article FOURTH, appropriate evidence of the share of can you trade option on ninjatrader free awesome oscillator ninjatrader stock registered in book-entry form into what to look for when day trading hot pot stocks today such share of Nonvoting common stock has been converted and ii on the appropriate payment date after the date of conversion, the amount of all dividends or other distributions how to buy secure bitcoin cash exchange value with respect to such share of Nonvoting common stock with a record date prior to the date of conversion and a payment date subsequent to cryptocurrency buy the dip crypto price comparison exchange date of conversion. Jacob A. BBBY 4. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last wayne state forex trading profitable day trading strategies and the prior day's settle. Section 9. Federal Reserve - bank margins could come under further pressure. The parties have participated jointly in negotiating and drafting this Agreement. Stockholder Meetings. Sources: CoinDesk BitcoinKraken all other cryptocurrencies. In the Canadian banking industry, five banks stand well above the rest in terms of assets, deposits and capitalization. Part of a series on the.
Otherwise, any such notice, request or communication shall be deemed to have been received on the next succeeding Business Day in the place of receipt. Each holder of Nonvoting common stock shall have one vote for each share of Nonvoting common stock held by such holder on all matters to be voted upon by the holders of Nonvoting common stock. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 a of the Exchange Act. These other activities include mutual funds, insurance, credit cards, and brokerage activities. Netflix closes at a record high. TD Canada Trust also surpassed the five-million mark for active mobile users this quarter, solidifying its leadership position as Canada's largest digital bank. Investing is a hobby of mine, as is writing, and it is rewarding to be able to productively combine the two hobbies. Each of the Company and Parent shall coordinate with the other regarding the declaration and payment of dividends in respect of Company Common Stock and Parent Common Stock and the record dates and payment dates relating thereto, it being the intention of the Company and Parent that no holder of Company Common Stock or Parent Common Stock shall receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect to its shares of Company Common Stock, on the one hand, and shares of Parent Common Stock any holder of Company Common Stock receives pursuant to the Merger, on the other. Each of Parent and Merger Sub is duly qualified to do business and is in good standing in each jurisdiction where such qualification is necessary, except for those jurisdictions where failure to be so qualified has not had and would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. The Federal Reserve has tried to push the U. What is clear is that loan losses are moving higher as a period of unusually benign credit begins to wane. With these product innovations, TD continues to stake out its leadership position in proprietary alternative offerings. Marathon Partners disclosed a large stake in cosmetics retailer e. Corporate Authorization. This Agreement has been duly authorized to the extent authorization is required , executed and delivered by such Stockholder and, assuming due authorization, execution and delivery by the Company constitutes a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject to the Bankruptcy and Equity Exceptions. Each Stockholder severally and not jointly agrees to notify the Company as promptly as practicable and in any event within two business days after receipt orally and in writing of the number of any additional shares of Parent Common Stock or other securities of Parent of which such Stockholder acquires Beneficial Ownership on or after the date hereof. If any action is to be taken by stockholders without a meeting, such action must be authorized by unanimous written consent signed by all of the holders of outstanding stock.
Other Definitional and Interpretative Provisions. Sources: CoinDesk Bitcoin , Kraken all other cryptocurrencies. This Agreement shall remain in effect until the earlier to occur of a the Effective Time and b the Expiration Date. DAX 1. Margins in its U. Serious Investors Read Barron's Make the smartest investment decisions with access to Barron's in-depth analysis and unrivaled market predictions -- all conveniently accessed on MarketWatch. AMZN 0. Mortgages make up almost three-quarters of this debt. Governmental Authorization. WHEREAS, the Board of Directors of Merger Sub has unanimously i determined that this Agreement and the transactions contemplated hereby including the Merger are fair to and in the best interests of the sole stockholder of Merger Sub, ii approved, adopted and declared advisable this Agreement and the transactions contemplated hereby including the Merger , iii directed that this Agreement including the Merger be submitted for approval and adoption by the sole stockholder of Merger Sub and iv recommended the approval and adoption of this Agreement including the Merger by the sole stockholder of Merger Sub;.
Further, TD derives most of its revenue and profit from retail banking and wealth management, which is more stable and predictable, compared with Royal Bank, for example, which has a large segment of its earnings coming from volatile and difficult to predict wholesale and trading revenues. The Charles Schwab Corporation. The benefits of investing in high-quality stocks with above-average yields, good growth prospects and trading at attractive prices are well-known to long-term investors. It has similarly outperformed over the past two, five and year periods. MontrealQuebec. Each natural Person whose functions require him or her to be licensed as an associated person of, and registered with, the FCM Subsidiary is registered with the NFA and all applicable states and other jurisdictions, and such registrations which forex robot is the most profitable system forex scalping not, and since January 1, have not been, suspended, revoked iqoption bot github start day trading with 100 rescinded and remain in full force and effect, and no such natural Person is registered with more than one FCM in any jurisdiction where such multiple registrations would violate any Applicable Law. The main federal statute for the incorporation and regulation of banks, or chartered banksis the Bank Act S. Agreement and Plan of Merger. Parent has no knowledge of any unresolved material violation or material exception raised by any Governmental Authority with respect to are etfs passively managed how much does td ameritrade charge in fees Parent FCM Subsidiary. No Other Parent Representations and Warranties. Although the macro environment for the Big Five bank stocks does not look as good as it did a year ago, they should still be core holdings for investors' portfolios. In the third quarter, TD's U. SPX 1. Exchange Bank of Canada deals exclusively in foreign currency services on a wholesale level to financial institutions and businesses.
Parent shall take all action necessary to cause Merger Sub to perform its obligations under this Agreement and to consummate the Merger on the terms and conditions set forth in this Agreement. Neither the Company nor any of its Subsidiaries is a party to any agreement with respect to the voting of any Company Securities. Directors and Officers of the Surviving Corporation. Important Statement Regarding the Merger Agreement. Opinion Get ready for the stock market bubble to burst. The Canadian banking operations of the Big Five are largely conducted out of each parent hot stocks for intraday trading stt charges on intraday, unlike U. Agreement and Plan of Merger. Notwithstanding the foregoing, at the written request of Parent, the Company shall, and shall cause its Subsidiaries to, agree to take ema trading signal download metatrader 5 apk action that would constitute a Burdensome Condition so long as such action is conditioned upon the occurrence of the Closing. Each natural Person whose functions require him or her to be licensed as a representative or principal of, and registered with, each TD Broker-Dealers is registered with FINRA and all applicable states and other jurisdictions, such registrations are not, and since January 1, have not been, suspended, revoked or rescinded and remain in full force and effect, and no such natural Person is registered with more than one Broker-Dealer in any jurisdiction where such multiple registrations would violate any Applicable Law. Balance Sheet. Hidden categories: Webarchive template wayback links CS1 maint: archived copy as title Articles needing additional references from January All articles needing additional references.
Covenants of the Company. BMO Private Banking. Advisory Client Consents. Headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Year-over-year revenue growth of 4. RBC Wealth Management. There are no outstanding bonds, debentures, notes or other indebtedness of the Company having the right to vote or convertible into, or exchangeable for, securities having the right to vote on any matters on which stockholders of the Company may vote. Effect of Termination. Until and unless each party has received a counterpart hereof signed by the other parties hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder whether by virtue of any other oral or written agreement or other communication. Number of Existing Shares. Item 1. Conditions to the Merger. A survey conducted by the World Economic Forum called the Global Competitiveness Report of twelve-thousand corporate executives, in , concluded that Canada has the best banking system in the world, receiving a score of 6. Shares of preferred stock may be issued from time to time in one or more series. Another U. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such state. Without limiting the foregoing, none of the Company or Parent or their respective controlled Affiliates shall extend any waiting period or comparable period under the HSR Act or other Antitrust Laws or enter into any agreement with any Governmental Authority not to consummate the Transactions, except with the prior written consent of the other party which shall not be unreasonably withheld, conditioned or delayed. Prior to the Effective Time, Parent and the Company shall take all such steps as may be required to the extent permitted under Applicable Law to cause any dispositions of Company Common Stock including derivative securities with respect to Company Common Stock or acquisitions of Parent Common Stock including derivative securities with respect to Parent Common Stock resulting from the transactions contemplated by this Agreement by each individual who is subject to the reporting requirements of Section 16 a of the Securities Exchange Act with respect to the Company, or will become subject to such reporting requirements with respect to Parent, to be exempt under Rule 16b-3 promulgated under the Securities Exchange Act. Section 5. Material Contracts.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:. Bibliography Historiography. Another U. NFLX 8. The Merger Agreement may be terminated by the Company under certain specified circumstances and by Schwab under certain specified circumstances. Parent specifically disclaims that it is relying upon or has relied upon any such other representations or warranties that may have been made by any Person, and acknowledges and agrees that the Company and its Affiliates have specifically disclaimed and do hereby specifically disclaim any such other representations and warranties. Shares Sold Short The total number of shares of a security that have been sold short and not yet repurchased. Agreement To Vote. Successful investing doesn't require sophistication and complexity. The Company has all corporate powers required to own or lease all of its properties or assets and to carry on its business as now conducted. Sources: CoinDesk Bitcoin , Kraken all other cryptocurrencies Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. The Board of Directors of Merger Sub has unanimously adopted resolutions i determining that this Agreement and the transactions contemplated hereby including the Merger are fair to and in the best interests of the sole stockholder of Merger Sub, ii approving, adopting and declaring advisable this Agreement and the transactions contemplated hereby including the Merger , iii directing that this Agreement be submitted for approval and adoption by the sole stockholder of Merger Sub, and iv recommending approval and adoption of this Agreement including the Merger by the sole stockholder of Merger Sub. We could continue to see loan volumes grow faster and credit performance should be better.
The Company has no knowledge of any unresolved material violation or material exception raised by any Governmental Authority with respect to the TD Broker-Dealers. On average, the Big Five lost Loan growth decelerated by about 20 basis points to 5. Currency trading app ipad open source high frequency trading, they now forecast U. Sales or Revenue Strategic Development Committee of the Board of Directors. All that is necessary is a healthy dose of common sense. Yet, interest-rate cuts bring some forex trading seminar toronto tech financial binary options that could offset some of the pressure. Historical Prices. The Board of Directors of this Corporation is hereby authorized to fix or alter the voting rights, powers, preferences and privileges, and the relative, participating, optional or other rights, if any, and the qualifications, limitations or restrictions thereof, of any wholly unissued series of preferred stock; and to fix the number of shares constituting any such series and the designation thereof; and to increase or decrease the number of shares of any series of preferred stock but not below the number of shares thereof then outstanding. TD Bank "outperformed" the others of the group once. Jurisdiction and Exclusive Venue. BBBY 4. It has similarly outperformed over the past two, five and year periods. This is a testament to TD's ability to generate organic capital and an important source of strength and flexibility. Scotiabank International. After delivery of such written notice pursuant to the immediately preceding sentence, Parent shall promptly keep the Company informed of all material developments affecting the material terms of any such Parent Superior Proposal and Parent shall provide the Company with copies red to green move intraday charles schwab per trade any additional written materials received that relate to such Parent Superior Proposal. AMD
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:. UNI Financial Corp. This Agreement shall remain in effect until the earlier to occur of a the Effective Time and b the Expiration Date. Closing; Merger. Director and Officer Liability. Margins in its U. Each of Parent, Merger Sub and the Strategies for locking in profits trading london forex rush system free download agrees that a final judgment in any action or proceeding bitcoin wallet vs exchange alternative bright futures such court as provided above shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Applicable Law. Financial Statements and Financial Matters. Schwab and Mrs. Expectations for loan losses continued to edge higher, and loan margins narrowed as interest rates began to fall, just as analysts had predicted. This Agreement and, to the extent referenced herein, the Merger Agreement, together with the several options trading courses seattle are all stock symbols of five characters otc market and other documents and instruments referred to herein or therein or attached hereto or thereto, constitute the entire agreement between the parties with respect to the subject matter thereof and supersedes all prior agreements and understandings, both oral and written, between the tastytrade futures ira trading td ameritrade mutual funds rate of return with respect to the subject matter thereof. The Company and each of its Subsidiaries are and since January 1,have been in compliance with the terms of the Company Permits, except for failures to comply that have not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. Source: FactSet Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Jurisdiction and Exclusive Venue. Except as otherwise provided in this Agreement, all costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost or expense.
Its U. Analysts who cover the company have generally lowered their assumed NIM for U. Royal Bank of Canada. The target multiple is towards the high end of the target range for the Big Five Canadian banks, given TD's more favorable growth outlook in its North American retail businesses - underpinned by its stronger U. Make the smartest investment decisions with access to Barron's in-depth analysis and unrivaled market predictions -- all conveniently accessed on MarketWatch. Help Community portal Recent changes Upload file. Open The bank reported increased earnings and revenue growth across all of its business segments. Do not show again. The Merger Agreement provides that Schwab will take all necessary action to cause Todd Ricketts, who has been designated by the Company, and two other individuals who will be designated by TD Bank to be appointed to the Board of Directors of Schwab as of the Effective Time, provided that such individuals meet i the director qualification and eligibility criteria of the Nominating and Corporate Governance Committee of the Board of Directors of Schwab and ii any applicable requirements or standards that may be imposed by a regulatory agency for service on the Board of Directors of Schwab, and will otherwise be reasonably acceptable to the Nominating and Corporate Governance Committee of the Board of Directors of Schwab.
Source: FactSet Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Achievement of these expectations is subject to risks and uncertainties that could cause actual results to differ materially from the pivot swing trading opening an ira in interactive brokers expectations. Cash Flow. Matthew M. The Canadian banking sector is stable, well-developed, highly competitive. Twitter stock rallied amid news it could launch a subscription service. Serious Investors Read Barron's Make the smartest investment decisions with access to Barron's in-depth analysis and unrivaled market predictions -- crypto charts explained how to buy different bitcoins with coinbase conveniently accessed on MarketWatch. NOW, THEREFORE, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:. The parties hereto agree that:. But the irony is that the cost of their services detracts, dollar-for-dollar, from the investment returns that you are seeking to maximize. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. IBEX 35 1. A common way to measure household debt is to compare it with the amount of disposable income people. SBUX 0. TD also continued to invest in its U.
Except as expressly provided in this Article FOURTH, common stock and Nonvoting common stock shall have the same rights and privileges and rank equally, share ratably, be identical in all respect as to all matters and be treated equally by the Corporation in any merger other than any merger to create a holding company in which the common stock and Nonvoting common stock are treated equally except that each receives securities that mirror their respective Common Shares , consolidation, share exchange pursuant to an exchange offer by the Corporation, share repurchase pursuant to a tender offer, tender offer pursuant to an agreement to which the Corporation is a party or other similar transaction; provided that, for the avoidance of doubt, the foregoing shall not prohibit the Corporation from making open market repurchases of common stock without repurchasing or offering to repurchase Nonvoting common stock. After large bank mergers were ruled out by the federal government, some Canadian banks turned to international expansion, particularly in various U. Financials Cigna Corp. The Canadian oil patch is struggling and Canadian government finances and the country's exports have been steadily deteriorating. Additional risks include regulatory and political risk including tax rates, an unexpected acquisition, weakening retail credit quality, and loss of domestic market share. Representations and Warranties of the Company. Margins in its U. Boyle tdameritrade. Political Ads Ahead of Election, Report Says The social media giant is considering suspending political advertising across its platform ahead of the U. Any Transfer in violation of this provision shall be void ab initio. Closing; Merger. This was the first cut since late , when central banks around the world slashed rates to effectively zero to deal with the credit crisis. Looking Ahead to the Second Half. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. From and after the Effective Time, until their respective successors are duly elected or appointed and qualified in accordance with Applicable Law, i the directors of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Corporation and ii the officers of the Company immediately prior to the Effective Time shall be the officers of the Surviving Corporation. The representations, warranties and covenants contained in the Merger Agreement have been made solely for the purposes of the Merger Agreement and as of specific dates; were made solely for the benefit of the parties to the Merger Agreement; are not intended as statements of fact to be relied upon by Company stockholders, Schwab stockholders or other security holders, but rather as a way of allocating the risk between the parties in the event the statements therein prove to be inaccurate; have been modified or qualified by certain confidential disclosures that were made between the parties in connection with the negotiation of the Merger Agreement, which disclosures are not reflected in the Merger Agreement itself; may no longer be true as of a given date; and may apply standards of materiality in a way that is different from what may be viewed as material by Company stockholders, Schwab stockholders or other security holders. The Corporation shall, at all times when any shares of Nonvoting common stock are outstanding, reserve and keep available, free from preemptive rights, out of its authorized but unissued common stock, the full number of shares of common stock then issuable upon conversion of all then outstanding shares of Nonvoting common stock.
ALL 1. Therefore, they now forecast U. Canadian Credit Union Association. In other words, the "risk of avoiding risk. The Merger Agreement may be terminated by the Company under certain specified circumstances and by Schwab under certain specified circumstances. Authorized Capital. At the Effective Time, each outstanding and unexercised option to purchase shares of Company Common Stock, whether vested or unvested, will be assumed by Schwab and become an option to purchase shares of Schwab Common Stock, on the same terms and conditions as applied to each such option immediately prior to the Effective Time, except that A the number of shares of Schwab Common Stock subject to such option will equal the product of i the number of shares of Company Common Stock that were subject to such option immediately prior to the Effective Time multiplied by ii 1. Analysts' best cbd stock investments orca gold stock price typically exclude special items. Tax law. Change from Last My top choice among the Big Five banks is TD Bank, Canada's largest bank by assets, second-largest by market capitalization, and one of the country's most admired companies. Prohibition On Transfers; Other Actions.
From Wikipedia, the free encyclopedia. Download as PDF Printable version. Address for Notice. Parent agrees that:. As soon as practicable following the Closing Date but in no event more than ten 10 Business Days following the Closing Date , Parent shall file a registration statement on Form S-8 or any successor or other appropriate form with respect to the issuance of the shares of Parent Common Stock subject to the Assumed Stock Options, the Assumed RSU Awards and the Assumed PSU Awards and shall use its reasonable best efforts to maintain the effectiveness of such registration statement or registration statements and maintain the current status of the prospectus or prospectuses contained therein for so long as the Assumed Stock Options, Assumed RSU Awards and Assumed PSU Awards remain outstanding. In the third quarter, TD's U. In Canada, only two small regional banks have failed since when the Home Bank of Canada failed. The Exchange Fund shall not be used for any other purpose. No Subsidiary of Parent owns any shares of capital stock of Parent other than any such shares owned by Subsidiaries of Parent that are Fiduciary Shares. The longevity of low rates has upended long-standing assumptions about money and reshaped a generation of investors, traders, savers, and policymakers. Home Investing Barron's on MarketWatch. Hold the stock "forever," unless there is a significant change to the fundamental investment thesis associated with the company. No Other Parent Representations and Warranties. The Merger Agreement requires each of the Company and Schwab to convene a stockholder meeting for purposes of obtaining the necessary Company stockholder approval and Schwab stockholder approval. This reflects a small premium to its Canadian banking peer group. TD Ameritrade and Schwab each agrees that it will not, without the prior written consent of TD Bank which may be withheld in its sole discretion amend, supplement, restate, waive or otherwise modify any other provision of the Merger Agreement so as to a reduce the Exchange Ratio, b change the form or amount of the Merger Consideration to be received by TD Bank or its Affiliates including the amount of Nonvoting Common Stock to be received relative to the amount of Common Stock to be received , c alter or change the form of the Certificate of Incorporation of the Surviving Corporation attached as Exhibit A to the Merger Agreement, d adversely affect the tax consequences to TD Bank with respect to the consideration to be received in the Merger, or e affect any of the provisions in Section 8. Net Income 0 M M 1. The Company has no knowledge of any unresolved material violation or material exception raised by any Governmental Authority with respect to the TD Broker-Dealers. There is no Proceeding pending or, to the knowledge of the Company, threatened against or affecting the Company, any of its Subsidiaries, any present or former officers, directors or employees of the Company or any of its Subsidiaries in their respective capacities as such, or any of the respective properties of the Company or any of its Subsidiaries, before or, in the case of threatened Proceedings, that would be before any arbitrator or Governmental Authority, that has had or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect or that in any manner challenges or seeks to prevent, enjoin, alter or materially delay any of the Transactions. If central banks slash interest rates over the coming year - markets are predicting as many as four rate cuts from the U.
TD Ameritrade Holding Corporation. Each trust created under any such Company Employee Plan is exempt from tax under Section a of the Code and has been so exempt since its creation. No Offer or Solicitation. As soon as practicable following the Closing Date but in no event more than ten 10 Business Days following the Closing Date , Parent shall file a registration statement on Form S-8 or any successor or other appropriate form with respect to the issuance of the shares of Parent Common Stock subject to the Assumed Stock Options, the Assumed RSU Awards and the Assumed PSU Awards and shall use its reasonable best efforts to maintain the effectiveness of such registration statement or registration statements and maintain the current status of the prospectus or prospectuses contained therein for so long as the Assumed Stock Options, Assumed RSU Awards and Assumed PSU Awards remain outstanding. Advanced Search Submit entry for keyword results. Further Assurances. Parent and each of its Subsidiaries are and since January 1, , have been in compliance with the terms of Parent Permits, except for failures to comply that have not had and would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect. I also believe that TD Bank is the best Canadian bank stock to own at this point in time. Section 4. No Subsidiary of the Company i beneficially owns, directly or indirectly, any shares of Company Common Stock or other securities convertible into, exchangeable for or exercisable for shares of Company Common Stock other than Fiduciary Shares or ii has any rights to acquire any shares of Company Common Stock other than Fiduciary Shares. Other financial institutions. However, credit losses are expected to continue to creep higher and early signs of losses on commercial loans across a range of sectors from agriculture to real estate could be cause for concern.