24.2.4  Other remedies for Event of Default

(a)  If an Event of Default occurs, in some jurisdictions, government may (but will be under no obligation to) perform (or procure performance by a third party) of the obligations of the subject of the Event of Default, and the amount of any costs or expenses incurred in such performance will be a debt due and payable from the private party to government.  

(b)  In other jurisdictions, the government may formally exercise its Step-in Rights except where the private party is complying with an approved cure plan and diligently pursuing a remedy (refer to Chapter 27 (Step-in)).