Definitions
 1. In this Regulation, “bank loan” means a loan made by a bank listed in Schedule I, II or III to the Bank Act (Canada), a loan corporation or trust corporation registered under the Loan and Trust Corporations Act or a credit union or central to which the Credit Unions and Caisses Populaires Act, 2020 applies, and includes, (a)  a syndicated bank loan, and (b)  a banker’s acceptance, whether or not it is discounted, if (i)  it is drawn as a bill of exchange under the Bills of Exchange Act (Canada), and (ii)  it is accepted by a bank to which the Bank Act (Canada) applies; (“prêt bancaire”) “Canada Infrastructure Bank” means the corporation established under subsection 5 (1) of the Canada Infrastructure Bank Act (Canada); (“Banque de l’infrastructure du Canada”) “conditional loan agreement” means a financial agreement described in clause 3 (d) and section 41.1; (“accord de prêt conditionnel”) “currency risk” means the financial risk for the City associated with issuing debentures or revenue bonds in any currency because of fluctuations in rates of exchange between the Canadian dollar and other currencies; (“risque de change”) “foreign currency debenture” or “foreign currency revenue bond” means a debenture or revenue bond, as the case may be, expressed and payable in a foreign currency; (“débenture en devise étrangère”, “obligation-recettes en devise étrangère”) “interest rate risk” means the financial risk associated with issuing debentures or revenue bonds or entering bank loan agreements because of fluctuations in interest rates; (“risque de taux d’intérêt”) “person” includes a firm or partnership within the meaning of the Partnerships Act; (“personne”) “revenue bond” means, (a)  an agreement entered into by the City for the borrowing of money whereby the City secures its obligations under the agreement, (i)  with an interest in fees, charges or any other revenues that are not tax revenues of the City, or (ii)  with an interest in any other property of the City, or (b)  a tax increment financing revenue bond; (“obligation-recettes”) “syndicated bank loan” means a bank loan between the City and an institution listed in the definition of “bank loan” where the financing for the bank loan is obtained through a syndicated bank financing agreement in which each of the institutions that is a party to the agreement agrees to contribute a portion of the amount of the bank loan being given to the City under the syndicated bank loan agreement; (“prêt bancaire syndiqué”) “tax increment financing revenue bond” means an agreement entered into by the City for the borrowing of money whereby the City secures its obligations under the agreement with both, (a)  an amount of taxes that are a “municipal tax increment” as defined in the Tax Increment Financing Act, 2006, and (b)  payments by the Minister of Finance to the City under a financing agreement authorized under clause 3 (1) (c) of the Tax Increment Financing Act, 2006; (“obligation-recettes financée par surcroît d’impôts”) “treasurer” means the City treasurer; (“trésorier”) “variable interest rate debenture” or “variable interest rate bank loan”, as the case may be, means a debenture or bank loan that provides for one or more variations in the rate of interest payable on the principal of the debt, whether or not by reference to a method or standard for determining changes to interest rates, but does not include an extendible or retractable term debenture where a change of interest rate is authorized by by-law, a debenture issued or bank loan agreement entered to refund an outstanding debenture or bank loan at maturity, or a debenture where a change of interest rate is authorized by a debenture by-law and council is of the opinion the change is necessary because the debentures remain unsold. (“débenture à taux d’intérêt variable”, “prêt bancaire à taux d’intérêt variable”) O. Reg. 610/06, s. 1; O. Reg. 79/16, s. 1; O. Reg. 838/21, s. 1; O. Reg. 137/22, s. 1.