GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Footwear and Tanning Industries Assistance Regulations — 2
2 In these Regulations, Board means the General Adjustment Assistance Board established by section 3 of the General Adjustment Assistance Regulations ; ( Commission ) consulting assistance means technical and professional services provided by a consultant acceptable to the Board, for the purpose of developing and implementing plans for restructuring the operations of a manufacturer; ( aide consultative ) Executive Committee means the Executive Committee established by section 4; ( comité de direction ) footwear means any form of footwear other than footwear the main component of which is canvas; ( chaussure ) loan means a loan made pursuant to section 6; ( prêt ) manufacturer means (a) a person, firm or corporation or a division thereof in Canada engaged in a manufacturing or processing activity in the footwear or tanning industries, or both, on January 1, 1974, (b) any corporation restructuring by means of the acquisition of one or more corporations or divisions thereof referred to in paragraph (a), or (c) a corporation formed after January 1, 1974 by the merger or acquisition of two or more corporations or divisions thereof referred to in paragraph (a); ( fabricant ) manufacturing or processing activity means an activity whereby any footwear or leather (a) is made, fabricated, processed or refined out of any raw material or other substance, or of any combination thereof, and includes the tanning of any raw material or other substance or of any combination thereof, or (b) is made by causing any raw material or other substance to undergo a significant chemical, bio-chemical or physical change including any change that preserves or improves the keeping qualities of that raw material or other substance but excluding any change by growth or decay; ( travaux de fabrication ou de traitement ) Minister means the Minister of Industry, Trade and Commerce; ( ministre ) restructure means a change that, in the opinion of the Board, is significant in the operations of a manufacturer in respect of the products, methods of production, markets or management procedures of the manufacturer and, if directly related to any of those operations, includes (a) the acquisition, merger or amalgamation of one or more manufacturers described in paragraph (a) of the definition “manufacturer”, (b) the acquisition of working capital, or (c) the acquisition, construction or conversion of machinery, equipment, buildings, land or other facilities; ( restructuration ) security means security for the repayment of a loan. ( garantie )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
Board means the General Adjustment Assistance Board established by section 3 of the General Adjustment Assistance Regulations ; ( Commission )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
consulting assistance means technical and professional services provided by a consultant acceptable to the Board, for the purpose of developing and implementing plans for restructuring the operations of a manufacturer; ( aide consultative )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
Executive Committee means the Executive Committee established by section 4; ( comité de direction )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
footwear means any form of footwear other than footwear the main component of which is canvas; ( chaussure )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
loan means a loan made pursuant to section 6; ( prêt )
Footwear and Tanning Industries Assistance Regulations — (a)
manufacturer means (a) a person, firm or corporation or a division thereof in Canada engaged in a manufacturing or processing activity in the footwear or tanning industries, or both, on January 1, 1974, (b) any corporation restructuring by means of the acquisition of one or more corporations or divisions thereof referred to in paragraph (a), or (c) a corporation formed after January 1, 1974 by the merger or acquisition of two or more corporations or divisions thereof referred to in paragraph (a); ( fabricant )
Footwear and Tanning Industries Assistance Regulations — (a)
manufacturing or processing activity means an activity whereby any footwear or leather (a) is made, fabricated, processed or refined out of any raw material or other substance, or of any combination thereof, and includes the tanning of any raw material or other substance or of any combination thereof, or (b) is made by causing any raw material or other substance to undergo a significant chemical, bio-chemical or physical change including any change that preserves or improves the keeping qualities of that raw material or other substance but excluding any change by growth or decay; ( travaux de fabrication ou de traitement )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
Minister means the Minister of Industry, Trade and Commerce; ( ministre )
Footwear and Tanning Industries Assistance Regulations — (a)
restructure means a change that, in the opinion of the Board, is significant in the operations of a manufacturer in respect of the products, methods of production, markets or management procedures of the manufacturer and, if directly related to any of those operations, includes (a) the acquisition, merger or amalgamation of one or more manufacturers described in paragraph (a) of the definition “manufacturer”, (b) the acquisition of working capital, or (c) the acquisition, construction or conversion of machinery, equipment, buildings, land or other facilities; ( restructuration )
Footwear and Tanning Industries Assistance Regulations — Footwear and Tanning Industries Assistance Regulations
security means security for the repayment of a loan. ( garantie )
Footwear and Tanning Industries Assistance Regulations — 3
3 The Board shall administer the loans made under these Regulations and shall do all things that in its opinion are necessary or appropriate to minimize any loss suffered or likely to be suffered by Her Majesty arising out of any loan.
Footwear and Tanning Industries Assistance Regulations — 4
4 There is hereby established a subcommittee of the Board to be known as the Executive Committee consisting of three members of the Board, one of whom shall be the Chairman or the Vice-Chairman of the Board, one of whom shall be the member of the Board designated by the Minister and one of whom shall be the member of the Board designated by the Minister of Finance.
Footwear and Tanning Industries Assistance Regulations — 5
5 Every application for a loan shall be made to the Board or the Executive Committee and the applicant shall provide such information relating to the application as the Board or the Executive Committee may require.
Footwear and Tanning Industries Assistance Regulations — 6
6 (1) The Board may, on behalf of Her Majesty, make a loan or loans, not exceeding $1,500,000 in the aggregate, to a manufacturer for the purpose of assisting the manufacturer in restructuring. (2) Notwithstanding subsection (1), the Board may, on behalf of Her Majesty, make a loan or loans, exceeding $1,500,000 in the aggregate, to a manufacturer for the purpose of assisting the manufacturer in restructuring by means of acquisition, merger or amalgamation. (3) Where a loan has been made to a manufacturer, a further loan in any amount may be made by the Board, on behalf of Her Majesty, to that manufacturer for the purpose of protecting the interest of Her Majesty in the assets securing the loan previously made. (4) Where a loan has been made to a manufacturer and a trustee, receiver, receiver-manager or other person has been empowered to carry on the business of the manufacturer, a further loan in any amount may be made by the Board, on behalf of Her Majesty, to that trustee, receiver, receiver-manager or other person, as the case may be, for the purpose of protecting the interest of Her Majesty in the assets securing the loan previously made. (5) The Executive Committee may, on behalf of Her Majesty, make a loan or loans to a manufacturer (a) not exceeding $150,000 in the aggregate for the purpose described in subsection (1); and (b) not exceeding $250,000 in the aggregate for the purposes described in subsections (3) and (4). (6) The amount of any loan shall be paid by Her Majesty in whole or in part to the manufacturer or the trustee, receiver, receiver-manager or other person, as the case may be, upon the requisition of the Board or the Executive Committee. (7) No loan shall be made except to a manufacturer whom the Board or the Executive Committee has determined to be eligible for a loan.
Footwear and Tanning Industries Assistance Regulations — 7
7 (1) No loan shall be made unless the applicant enters into such agreements with Her Majesty as the Board or the Executive Committee considers necessary. (2) The Board or the Executive Committee with the consent of the applicant may amend the terms and conditions of any agreement entered into pursuant to subsection (1).
Footwear and Tanning Industries Assistance Regulations — 8
8 (1) The rate of interest for any loan shall be determined as of the day the application for the loan is approved by the Board or the Executive Committee and shall be within the prescribed range described in subsection (2). (2) The range of rates of interest for any loan shall be not less than the rate of interest charged by the Government of Canada to Crown corporations for loans of a similar term and not higher than 2 1/4 per cent above that rate. (3) Notwithstanding subsection (1), the highest rate of interest shall be applied normally to loans where restructuring is related only to the acquisition of working capital.
Footwear and Tanning Industries Assistance Regulations — 9
9 (1) Every loan shall be for such term, not exceeding 15 years, as may be fixed by the Board. (2) The whole or any part of a loan may, in such manner as may be prescribed by the Board, be repaid in advance of the due date of repayment without notice or bonus. (3) In the event of default on the part of a manufacturer, the Board or the Executive Committee may call any loan made to him.
Footwear and Tanning Industries Assistance Regulations — 10
10 (1) Where, in the opinion of the Board, security for the repayment of a loan should be obtained, the Board shall obtain and hold such security as it considers proper. (2) The Board may surrender, retransfer or reconvey any security. (3) The Board or the Executive Committee may (a) amend the provisions of any security; and (b) designate any trustee, receiver, receiver-manager or other person required to be appointed by the Board under any security.
Footwear and Tanning Industries Assistance Regulations — 11
11 (1) No loan shall be made to a manufacturer until the Board has obtained from the manufacturer plans for restructuring based on a comprehensive analysis of the operations of the manufacturer in respect of the products, methods of production, markets or management procedures of the manufacturer, which analysis shall be made by a consultant acceptable to the Board. (2) Where the manufacturer is able to establish to the satisfaction of the Board his capability of making the analysis described in subsection (1), the analysis may be made without the assistance of a consultant.
General Adjustment Assistance Regulations — 1
1 These Regulations may be cited as the General Adjustment Assistance Regulations .
General Adjustment Assistance Regulations — 2
2 In these Regulations, Board means the General Adjustment Assistance Board established by section 3; ( Commission ) consulting assistance means technical and professional services, including advice from a consultant acceptable to the Board, in respect of the operations of a manufacturer or other person eligible for assistance under these Regulations; ( aide consultative ) letter of credit means a letter, document or other instrument issued by a private lender prior to January 1, 1978 to secure or guarantee the financial aspects of a trade transaction; ( lettre de crédit ) manufacturer means a person, firm or corporation in Canada engaged in a manufacturing or processing activity; ( fabricant ) manufacturing or processing activity means an activity whereby any goods, products, commodities or wares (a) are made, fabricated or refined out of any raw material or other substance, or combination thereof, (b) are converted or rebuilt, but not repaired, or (c) are made by causing any raw material or other substance to undergo a significant chemical, biochemical or physical change including change that preserves or improves the keeping qualities of that raw material or other substance but excluding change by growth or decay; ( travaux de fabrication ou de traitement ) private lender means any lender approved by the Board other than (a) the Government of Canada, (b) the government of any province of Canada, (c) an agency of any government referred to in paragraph (a) or (b) or any company that in the opinion of the Board is effectively controlled by any such government or any agency thereof, or (d) any municipal corporation; ( prêteur privé ) restructure and restructuring means a change that, in the opinion of the Board, is significant in the operations of a manufacturer or other person eligible for assistance under these Regulations, with respect to its or the person's products, methods of production, markets or management procedures and, if directly related to such operations, may refer to the acquisition of working capital or the acquisition, construction, or conversion of machinery, equipment, buildings, land or other facilities; ( restructuration ) stock option means (a) an agreement pursuant to which Her Majesty acquires an unconditional assignable option to purchase shares in the capital stock of a corporation upon terms and conditions set forth in the agreement, and (b) Her Majesty's rights under that agreement. ( option sur le capital-actions )
General Adjustment Assistance Regulations — General Adjustment Assistance Regulations
Board means the General Adjustment Assistance Board established by section 3; ( Commission )
General Adjustment Assistance Regulations — General Adjustment Assistance Regulations
consulting assistance means technical and professional services, including advice from a consultant acceptable to the Board, in respect of the operations of a manufacturer or other person eligible for assistance under these Regulations; ( aide consultative )
General Adjustment Assistance Regulations — General Adjustment Assistance Regulations
letter of credit means a letter, document or other instrument issued by a private lender prior to January 1, 1978 to secure or guarantee the financial aspects of a trade transaction; ( lettre de crédit )
General Adjustment Assistance Regulations — General Adjustment Assistance Regulations
manufacturer means a person, firm or corporation in Canada engaged in a manufacturing or processing activity; ( fabricant )
General Adjustment Assistance Regulations — (a)
manufacturing or processing activity means an activity whereby any goods, products, commodities or wares (a) are made, fabricated or refined out of any raw material or other substance, or combination thereof, (b) are converted or rebuilt, but not repaired, or (c) are made by causing any raw material or other substance to undergo a significant chemical, biochemical or physical change including change that preserves or improves the keeping qualities of that raw material or other substance but excluding change by growth or decay; ( travaux de fabrication ou de traitement )
General Adjustment Assistance Regulations — (a)
private lender means any lender approved by the Board other than (a) the Government of Canada, (b) the government of any province of Canada, (c) an agency of any government referred to in paragraph (a) or (b) or any company that in the opinion of the Board is effectively controlled by any such government or any agency thereof, or (d) any municipal corporation; ( prêteur privé )
General Adjustment Assistance Regulations — General Adjustment Assistance Regulations
restructure and restructuring means a change that, in the opinion of the Board, is significant in the operations of a manufacturer or other person eligible for assistance under these Regulations, with respect to its or the person's products, methods of production, markets or management procedures and, if directly related to such operations, may refer to the acquisition of working capital or the acquisition, construction, or conversion of machinery, equipment, buildings, land or other facilities; ( restructuration )
General Adjustment Assistance Regulations — (a)
stock option means (a) an agreement pursuant to which Her Majesty acquires an unconditional assignable option to purchase shares in the capital stock of a corporation upon terms and conditions set forth in the agreement, and (b) Her Majesty's rights under that agreement. ( option sur le capital-actions )
General Adjustment Assistance Regulations — 3
3 (1) A committee is hereby established to be known as the General Adjustment Assistance Board consisting of (a) three members, not being members of the Public Service within the meaning of the Public Service Employment Act , to be appointed by the Governor in Council, one of whom shall be designated by the Governor in Council as Chairman of the Board and one of whom shall be designated by the Governor in Council as Vice-Chairman of the Board; and (b) four members who are members of the Public Service within the meaning of the Public Service Employment Act , one member to be designated by each of the Ministers of Industry, Trade and Commerce, Finance, Employment and Immigration and Regional Economic Expansion, from a senior position within his Department. (2) The Chairman and any other three members of the Board constitute a quorum for the purpose of carrying out any duty or performing any function assigned to the Board under these Regulations. (3) The Vice-Chairman of the Board may exercise and perform all or any of the duties and functions of the Chairman in the event of the absence or incapacity of the Chairman, if the office of the Chairman is vacant, or at the request of the Chairman. (4) Each of the Ministers of Industry, Trade and Commerce, Finance, Employment and Immigration and Regional Economic Expansion shall designate one person holding a senior position in his Department to exercise all powers, duties and functions of the member designated by him pursuant to paragraph (1)(b) in the event of the absence or temporary inability to act of such member. (5) The Governor in Council shall determine the emolument to be paid and the expenses to be allowed to the members of the Board who are not members of the Public Service.
General Adjustment Assistance Regulations — 4
4 (1) The Board shall administer the insurance available to a private lender, the loans, the grants for consulting assistance and the stock options under these Regulations. (2) In carrying out its duties and functions, the Board shall use the existing staff and facilities of the Department of Industry, Trade and Commerce and, to the extent deemed necessary by the Board, may use such other services of the Government of Canada as are available. (3) The Board may authorize the formation of a subcommittee to be known as the Executive Committee, consisting of three members of the Board, one of whom shall be the Chairman or the Vice-Chairman of the Board, one of whom shall be the member of the Board designated by the Minister of Industry, Trade and Commerce and one of whom shall be the member of the Board designated by the Minister of Finance. (4) The Executive Committee established pursuant to subsection (3) may (a) determine whether a manufacturer or other person or group of persons is eligible for insurance on a loan or a letter of credit under these Regulations; (b) determine whether insurance on a loan or a letter of credit made or issued to a manufacturer or other person or group of persons may be provided pursuant to these Regulations; (c) authorize the making of loans not exceeding $250,000 pursuant to subsections 9(3) and (4); (d) authorize the providing of insurance of loans not exceeding $250,000 pursuant to subsections 14(5) and (6); (e) in the event of default on the part of a borrower (i) call any loan made pursuant to section 9, (ii) consent to the calling by a private lender of any loan insured pursuant to section 14, and (iii) direct a private lender to call a loan insured pursuant to section 14 or to take other appropriate action to protect Her Majesty's interest in the assets securing such a loan; (f) authorize amendments to be made to the provisions of securities obtained to secure repayment of (i) a loan made pursuant to section 9, (ii) a loan insured pursuant to section 14, or (iii) a letter of credit insured pursuant to section 14 for the purpose of improving or protecting Her Majesty's interest therein; and (g) authorize the payment of grants for consulting assistance pursuant to section 18.
General Adjustment Assistance Regulations — 5
5 (1) The Board may, on behalf of Her Majesty, enter into and execute such agreements as the Board considers necessary to give effect to these Regulations. (2) The Board may, in respect of any loan, insurance of a loan, insurance of a letter of credit, grant for consulting assistance or stock option made, effected or obtained under these Regulations, require such information and documentation and make such stipulations as it deems appropriate in relation to the loan, insurance of a loan, insurance of a letter of credit, grant for consulting assistance or stock option.
General Adjustment Assistance Regulations — 6
6 Subject to these Regulations, the Board may make such rules as may be necessary for the conduct of its meetings, the management of its affairs and the performance of its duties.
General Adjustment Assistance Regulations — 7
7 The Board shall do everything that in its opinion is necessary or appropriate to facilitate the efficient operation of the program contemplated by these Regulations and to minimize any loss suffered or threatened to be suffered by Her Majesty arising out of any insurance provided or any loan made by the Board.
General Adjustment Assistance Regulations — 8
8 The Board shall keep such records and books and make such reports on its activities from time to time as the Minister of Industry, Trade and Commerce may require.
General Adjustment Assistance Regulations — 10
10 (1) A manufacturer or other person who requires a loan under these Regulations shall make application therefor to the Board and shall provide such information relating to the application as the Board may require. (2) Where an application for a loan is approved by the Board, the applicant shall enter into a loan agreement with Her Majesty and that agreement shall, subject to these Regulations, be in such form and contain such provisions as the Board considers necessary. (3) The amount of a loan made under these Regulations shall be advanced to the manufacturer or other person upon the requisition of the Board.
General Adjustment Assistance Regulations — 11
11 (1) Subject to subsection 9(5)(b), the rate of interest for any loan made under these Regulations shall be determined as of the day the application is approved by the Board and shall be that rate within the prescribed range described in subsection (2) that the Board deems reasonable in the circumstances. (2) The prescribed range of rates of interest for loans made under these Regulations shall be not less than the rate of interest charged by the Government of Canada to crown corporations for loans of a similar term nor more than 2 1/4 per cent above that rate.