Grant Agreement Draft - Minister Of Status Of Women Page 7
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165.2
General Liability Insurance - The Recipient shall, at its own expense and without
limiting its liabilities herein, insure its operations under a contract of General
Liability Insurance, in accordance with the Insurance Act (Alberta), in an amount not
less than $2,000,000 inclusive per occurrence, insuring against bodily injury, personal
injury and property damage including loss of use thereof.
5.3
Automobile Insurance - The Recipient shall maintain automobile liability insurance
on all vehicles owned, operated or licensed in the name of the Recipient and used in
carrying out the obligations under this Agreement in an amount not less than
$2,000,000.
Non-Liability of the Minister - The Minister’s responsibility pursuant to this
5.4
Agreement is limited solely to the payment of the Grant Monies to the Recipient in
accordance with the terms and conditions set out herein. The Minister shall not be
responsible for any shortfall in funds between the estimated costs and actual costs of
completing the Project and shall not be responsible for or provide any loans, loan
guarantees, or assume any part of any deficit of the Recipient or its agents.
6.
NON-PERFORMANCE
Events of Default – If, in the Minister’s sole discretion, the Recipient fails to proceed
6.1
with the Project, is not carrying out the Project, alters the Project without the consent
of the Minister, uses any part of the Grant Proceeds other than for the Project, or has
otherwise breached any of its obligations pursuant to this Agreement, the Minister
may give written notice to the Recipient referring to the breach and requiring the
Recipient to remedy the breach within a reasonable time in the Minister’s sole
discretion, as so stated in the notice, and to then diligently pursue the remedy of such
breach to completion.
6.2
Remedy - If the Minister has given notice pursuant to Section 6.1 and the Recipient
has failed to commence to remedy the breach within the time specified in the notice
in Section 6.1 or the Recipient fails to diligently pursue the remedy of such breach to
completion, the Minister may do any one or more of the following:
(a) demand repayment of all or any portion of the Grant Proceeds;
(b) terminate the Agreement immediately; and
(c) pursue any remedy available to the Minister in law or equity.
Page 7 of 16
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