Common use of Funding of Transition by Canada Clause in Contracts

Funding of Transition by Canada. The Government of Canada will: (a) lend funds to the CMRA to cover its deficiency in funding during the transition period up to the date that the Cooperative System is in operation; (b) reimburse, upon written request, each provincial and territorial Participating Jurisdiction for the services of its employees who are seconded by mutual agreement to the new implementation organization to assist the Implementation Team, over the 24 months following signing of the Agreement in Principle to Move Towards a Cooperative Capital Markets Regulatory System dated September 19, 2013 for purposes of the implementation of the Cooperative System up to a certain limit to be established by the Government of Canada; and (c) make payments to Participating Jurisdictions that will lose net revenue as a result of the transition to the Cooperative System on a transparent basis.