2. Interpretation
In this Order —
“Agreement” means the St. Lucia Branch Asset Purchase Agreement made on the 11th day of December, 2019 between the Transferor Financial Institution and the Transferee Financial Institution, as amended by the Amendment to the St. Lucia Branch Asset Purchase Agreement made on the 24th day of January, 2020 as further amended by the Second Amendment to St. Lucia Branch Asset Purchase Agreement made on the 28th day of January, 2021, relating to the transfer of the St. Lucia Branch Banking Business of the Transferor Financial Institution;
“Assumed Liabilities” has the meaning assigned to it in the Agreement;
“Purchased Assets” has the meaning assigned to it in the Agreement, as more particularly described in the Schedule;
“St. Lucia Branch Banking Business” means the banking business carried on by the Transferor Financial Institution in Saint Lucia comprising all the Purchased Assets, Assumed Liabilities, property, rights and obligations as specified in and intended by the Agreement;
“Transferee Financial Institution” means 1st National Bank St. Lucia Limited, a corporation incorporated and licensed to carry on banking business under the laws of Saint Lucia;
“Transferor Financial Institution” means Royal Bank of Canada, a Schedule 1 bank existing under the laws of Canada and registered and licensed to carry on banking business in Saint Lucia.