23.2.2  Remedies for failure to cure an Event of Default capable of cure

A


If an Event of Default is capable of cure and the private party fails to:

(a)  provide a draft cure plan to government;

(b)  comply with the approved cure plan or otherwise diligently pursue a cure of the Event of Default in accordance with the approved cure plan; or

(c)  cure the Event of Default within the agreed period,

government may exercise its rights:

(d)  under Chapter 24 (Termination);

(e)  under Chapter 26 (Step-in):or;

(f)  under its securities.