What will happen to team projects after CC subscription is cancelled?

Hi there,

We used to have 7 active licenses on Adobe Creative Cloud. Since some collegues have left our compagny, the owner of our CC subscription dicided to cancel our subscripton.

But what will hapen to all the Team Pojects we've started in the past 2 years. Will they all be deleted? We can't find the team projects anywhere in our CC accounts..

We've thought about re-activing 2 of the 7 licenses, but we want to make sure that our older team projects will not be deleted. How can we manage this? 

Is there a possibility to download the team projects to a local harddrive?