extended period, whichever is applicable, the Recipient or the Province may cancel the Funds for the Project.

• 14. Construction, Acquisition, Rehabilitation and/or Conversion Completion. Construction, acquisition, rehabilitation and/or conversion for each approved Project must be completed by December 31, 2021. Despite anything to the contrary in this Agreement, if construction for an approved Project is not completed by that date, the Province may cancel the Funds for the Project.

• 15. Confirmation of Construction Start. The Recipient shall provide the Province with a completed Confirmation of Construction Start at the start of construction of each Project, within ten (10) days of the start of construction of the Project.

• 16. Proof of Completion. The Recipient shall provide the Province with proof that that the Project is complete and may be used for its Intended Use.

• 17. Enforcing Contribution Agreement. The Recipient shall, after consultation with and if required by the Province, use its best efforts to enforce the terms of all Contribution Agreements and Security.

• 18. Notices. The Recipient shall immediately inform the Province in writing of the following matters as soon as it becomes aware of them:

  1. a request by a Proponent to transfer responsibility for an approved Project to another entity;

  2. any failure by the Proponent to carry out Development Activities which threatens the completion of an approved Project;

  3. if the construction, acquisition, rehabilitation and/or conversion of an approved Project has not commenced within ninety (90) days of the date of the Commitment for the Project;

  4. any substantial breach by the Proponent of its Contribution Agreement with the Recipient;

  5. the Proponent becoming bankrupt or insolvent or taking the benefit of any act now or hereafter in force for bankrupt or insolvent debtors or filing any proposal or making any assignment for the benefit of creditors or any arrangement or compromise;

  6. the appointment of a receiver or a receiver and manager for all or a portion of an approved Project;

  7. the taking of any steps or any action or the institution of any proceedings by a Proponent or by any other party, including, without limitation, any court or governmental body of competent jurisdiction for the dissolution, winding up or liquidation of the Proponent or its assets;