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• 3 (1) The Minister shall administer the loans, insurance and contributions made or authorized under these Regulations.

• (2) The Minister may, on behalf of Her Majesty, enter into and execute any agreement necessary to give effect to these Regulations.

• (3) The Minister may, in respect of any loan, insurance or contribution made or authorized under these Regulations, require such information and documentation and make such stipulations as may be necessary in relation to such loan, insurance or contribution.

• (4) The Minister may, subject to these Regulations, grant loans, provide insurance or make contributions under these Regulations only where an applicant would likely be unable to implement a project without the assistance of the Minister.

• (5) The Minister shall do everything that is necessary or appropriate to facilitate the efficient operation of these Regulations, to minimize any loss suffered or threatened to be suffered by Her Majesty arising out of any loan or insurance administered by the Minister pursuant to these Regulations and to maximize the potential economic gains to Canada arising from any contribution administered by the Minister pursuant to these Regulations.

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1 These Regulations may be cited as the Canadian Industrial Renewal Regulations.

24 The Minister may make contributions to a business enterprise in respect of any of the following:

• (a) the costs of engaging the services of a qualified consultant to develop a proposal to qualify for a loan or loan insurance under these Regulations or contributions under paragraph (c) or (d);

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• (e) the costs of engaging the services of a qualified consultant to develop a market strategy or market feasibility study to exploit a project in respect of which a loan, loan insurance or contribution was made or authorized by the Minister under these Regulations;

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• (g) the costs of engaging the services of a qualified consultant to protect Her Majesty’s interest in respect of any loan, insurance or a contribution made by the Minister pursuant to these Regulations.

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2 In these Regulations,

application

application means a loan application, an insurance application or a contribution application made pursuant to these Regulations; (demande)

designated community

designated community means an area designated for the purposes of these Regulations pursuant to section 6 of the Department of Regional Economic Expansion Act; (communauté désignée)

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• 20 (1) The amount of any insurance provided by the Minister pursuant to these Regulations may be reduced at the request of the private lender at such times and in such manner as may be agreed to by the Minister.

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• (4) If the amount of a loan made by a private lender is advanced in periodic advances, the Minister may, if required by the private lender, provide insurance pursuant to these Regulations on such advances.

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