Examples of Minister in a sentence
Where the Administrator has submitted the Producer’s file to AAFC for payment by the Minister under the guarantee and where AAFC has recovered the outstanding debt from the Producer in full or in part through a compromise settlement, and where there are still default management fees provided under paragraph 4.9.5 of this Agreement owing to the Administrator by the Producer, the Administrator reserves the right to continue to pursue the repayment of these management fees from the Producer.
In the event the Minister has recovered the outstanding Advances and Interest from the Producer in full or in part, through settlement, if other amounts, including Fees or Costs, are still owing to the Administrator, the Administrator shall be entitled to recover the same from the Producer.
Pursuant to Section 23(4) of the Act, the Producer agrees that if the Producer resides in a province in which provincial legislation allows for an extension of a limitation period, to extend the limitation period for a period of six (6) years from the day on which the Minister is subrogated to the rights of the Producer pursuant to this Agreement for the purpose of initiating actions or proceedings to recover any monies owing to the Government of Canada.
In the event, surplus funds exceeding the cap of the reserve fund, the Administrator may submit a plan to the Minister outlining how the excess funds will be used to benefit participants of the APP.
In the event the Producer is in Default, the Minister makes payment under the guarantee granted pursuant to APP and the Minister is subrogated to the rights of the Administrator, the prime rate payable by the Producer shall be changed from the prime rate of the Toronto Dominion Bank to the average aggregated prime rate as published in the Daily Digest on the website of the Bank of Canada.