of it's assets; (c) if it ceases or threatens to cease to carry on its business; 12 - 12 - (d) if it commits or threatens to commit an act of bankruptcy, or if it becomes insolvent or bankrupt or makes an assignment or if a receiver or receiver manager is appointed in respect of its business and affairs of either by way of private instrument or through court proceedings; (e) if a judgment or order is entered with respect to it under the Company Creditors Arrangement Act R.S.C. 1985, Chapter C-36, as amended, or similar legislation, or it takes advantage of the provisions of any bankruptcy or insolvency legislation; (f) if any execution, or any other process of any court becomes enforceable against all or substantially all of it's property or if a distress or analogous process is levied against all or substantially all of its property; (g) if it is in default as per paragraph 16.1 hereof; or (h) if it otherwise neglects or fails to perform or observe any of its obligations under this Agreement and fails to cure the breach or default within thirty (30) days of written notice to the other Party. 17.2 Upon the occurrence of an Event of Default and in addition to any rights or remedies available to it under this Agreement or at law or in equity, the Party not in default may exercise any or all of the following remedies: (a) terminate this Agreement, upon giving one hundred and twenty (120) days written notice, otherwise upon written notice with respect to 17.1 (g) and (h); (b) recover from the defaulting Party any and all monies then due and to become due; and (c) take possession, immediately, without demand or notice, without any court order or other process of law, any