These provisions do not affect the deposit insurance framework itself. They deal with situations that arise when the institution has failed.
There are some provisions that deal with these EFCs that are part of the management of the bank's books. Normally these EFC clauses have termination rights. However, when the institution is in resolution, the CDIC will generally attempt to sell the institution to a buyer. The value can be preserved if the books are kept whole so that these EFCs are not terminated. There are some stay provisions in the act that apply in these circumstances, but this has really nothing to do with deposit accounts and the payment of insured deposits.