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13 (1) Where, in the opinion of the Board, it is advisable to obtain security for the repayment of a loan made under these Regulations, the Board shall obtain and hold such security as it deems proper.
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(3) Where, in the opinion of the Board, it is advisable to obtain a stock option as a condition of the making of a loan under these Regulations, the Board shall obtain that stock option upon such terms and conditions as it deems proper.
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(4) Where a stock option for the purchase of capital stock in a corporation was acquired by the Board in connection with the provision of insurance on a loan or a letter of credit made to that corporation pursuant to these Regulations, the Board may exercise or assign such option on behalf of Her Majesty if, in the opinion of the Board,
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(5) Where capital stock in a corporation has been acquired by the Board on behalf of Her Majesty pursuant to subsection (4), the Board shall sell or dispose of such capital stock as soon thereafter as it is in the economic interest of Her Majesty to do so on the following conditions:
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(a) the capital stock shall be sold at such price and upon such terms as will provide maximum benefit to Her Majesty; and
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(b) when the Board receives a bona fide offer to purchase the capital stock that the Board is willing to accept, the Board shall give notice of such offer to the person from whom the capital stock was acquired pursuant to the exercise of the option by the Board and that person shall have the assignable right, during the next 7 business days after the Board has given such notice, to elect to purchase the shares for the same price and upon the same terms and conditions as set out in the said offer.
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(6) Where a stock option has been acquired by Her Majesty pursuant to subsection (3) or (4) and the Board wishes to assign such option, the Board shall, prior to assigning such option, give notice of the intended assignment to the person from whom the option was acquired and that person shall have the assignable right during the next 7 business days after the Board has given such notice to acquire that option upon the same terms and conditions as the intended assignment.