Baie Verte Mines Inc. Regulations, 1985 (SOR/86-262)

9 Where a private lender has demanded repayment of a loan insured under these Regulations the amount payable by the Minister shall not exceed the lesser of

• (a) the amount of insurance in force on the date of demand; and

• (b) 100 per cent of the loss incurred by the private lender.