Marginal note:Restrictions on lending
9 The Bank shall not lend money to IAC Limited and no loan by the Bank to any corporation that is a subsidiary of IAC Limited but is not a subsidiary of the Bank shall be made, or permitted to remain outstanding, at a time when such corporation is carrying on any business, or owns any assets, that could not be carried on or owned by a chartered bank in compliance with the Bank Act, except as contemplated by Section 18.