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• 43 (1) The Minister may obtain a stock option to purchase capital stock of a company on behalf of Her Majesty, where, in the opinion of the Minister, it is advisable to obtain the stock option as a condition of or in connection with a loan or insurance administered by the Minister pursuant to subsection 4(1).

• (2) Where a stock option to purchase capital stock of a company is acquired by the Minister pursuant to subsection (1) or is administered by the Minister pursuant to subsection 4(1), the Minister may exercise or assign the stock option on behalf of Her Majesty if, in the opinion of the Minister,

  • (a) the value of the capital stock of the company has increased as a result of the assistance provided; and

• (3) Where capital stock of a company is acquired by the Minister pursuant to subsection (2) or is administered by the Minister pursuant to subsection 4(1), the Minister shall, subject to the following conditions, sell or dispose of the capital stock as soon thereafter as it is in the interest of Her Majesty to do so:

  • (a) the capital stock shall be sold at such price and on such terms as will, in the opinion of the Minister, provide maximum benefit to Her Majesty; and

• (4) Where the Minister intends to assign a stock option acquired pursuant to subsection (1) or administered pursuant to subsection 4(1) the Minister, prior to assigning the stock option, shall give notice of any intended assignment thereof to the person from whom the option was acquired and that person shall have the assignable right, during the next seven business days following the day the notice was given, to elect to purchase the stock option at the same price and on the same terms and conditions as the intended assignment.

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• 28 (1) Subject to subsection (3), the Minister may provide insurance on a loan made by a private lender to an individual in Canada or to a firm or corporation incorporated under the laws of Canada or a province if, in the opinion of the Minister, the individual, firm or corporation requires the loan to

  • [...]

  • (c) restructure the operations of that individual, firm or corporation, as the case may be, as a result of the acquisition by the individual, firm or corporation of the whole or a significant portion of a manufacturer’s assets.

• (2) Subject to subsection (3), the Minister may provide insurance on a loan made by a private lender to a corporation engaged in a manufacturing or processing activity in Canada and incorporated under the laws of Canada or a province for the purpose of restructuring its operations if in the opinion of the Minister the corporation requires the loan to restructure its operations as a result of the acquisition of its effective ownership control by an individual, firm or corporation.

• (3) The Minister may provide insurance pursuant to subsection (1) or (2) on the following conditions:

  • (a) the individual, firm or corporation, as the case may be, described in subsection (1) or (2), that requires a loan has agreed

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  • (b) in the opinion of the Minister, the acquisition or restructuring in respect of which the loan is required

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    • (iv) would not proceed unless the private lender and the Minister agree to limit the liability of the individual, firm or corporation acquiring the assets, as the case may be, to the lender to 10 per cent of the amount of the loan to be provided.

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44 The Minister shall administer contributions made in accordance with terms and conditions approved by Treasury Board

• (a) in respect of special authorities, by

  • [...]

  • (iii) T.B. 767837 dated November 29, 1979 as amended by T.B. 799107 dated July 31, 1985,

• (b) in respect of general authorities, by

  • (i) T.B. 748284 dated March 17, 1977, as amended by T.B. 763854 dated March 29, 1979,

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36 The Minister may provide insurance on the financial obligations to a private lender incurred by a purchaser or other person in Canada or the United States if, in the opinion of the Minister,

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• (c) the manufacturer of a de Havilland DHC-7 or DHC-8 aircraft meets criteria in respect of

  • (i) the level of Canadian material and labour content as set out in “EDC at Your Service”, Number 7, published in February, 1984 by the Export Development Corporation, and

  • (ii) industrial benefits to Canada as set out in “Canadian Capital Goods Exports and EDC Financing: An Economic Assessment”, published by the Export Development Corporation, dated November, 1982.

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• 23 (1) A loan made pursuant to these Regulations shall be for such term, not exceeding 20 years, as may be fixed by the Minister.

• (2) The whole or any part of a loan made pursuant to these Regulations may, in such manner as may be prescribed by the Minister, be repaid in advance of the due date of repayment without notice, bonus or penalty.

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