Debt Reserve Funds Replenishment Regulations

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Loi

Act means the First Nations Fiscal and Statistical Management Act. (Loi)

defaulting member

membre en défaut

defaulting member means a borrowing member whose failure to make a payment under a loan obligation agreement with the Authority or to pay a charge imposed to replenish the debt reserve fund under subsection 84(5) of the Act has led to a reduction in that fund. (membre en défaut)