CAPITAL TRANSFER Sample Clauses

CAPITAL TRANSFER. 8.1.1 Canada shall make a capital transfer to the Gwich’in Tribal Council in accordance with the schedule of payments as set forth in schedule I to this chapter. 8.1.2 Canada is discharged from all undertakings and obligations, if any, to the Gwich’in in respect of the ▇▇▇▇▇▇ ▇▇▇▇▇ Proven Area described in schedule A to the Proven Area Agreement dated July 21, 1944 between Imperial Oil Limited and His Majesty in Right of Canada, as amended and renewed from time to time.

CAPITAL TRANSFER. If any Party desires to transfer all or part of its capital contributed in the Company, such Party (“Transferring Party”) shall first offer such amount of its capital contributed in the Company by a written notice to the other Party (“Offeree Party”), specifying the price and other terms and condition of transfer. The Offeree Party shall have a right of first refusal to such offer, and shall have sixty (60) days upon the receipt of such notice (“Acceptance Period”) to respond in writing. If the Offeree Party accepts the offer, the Transferring Party and the Offeree Party shall apply for the registration of such transfer with the Licensing Authority. If the Offeree Party refuses the offer or fails to respond within the Acceptance Period, the Transferring Party may transfer its capital contributed to the Company to any third party, provided that: The sales and purchase must not be made at a price less than, or on terms and conditions more favorable than, those specified in the original offer to the Offeree Party, and the sales and purchase must not be offered to any company that competes with the Company; and The Transferring Party shall cause the transferee to execute and deliver to the other Party a written undertaking, in the form and substance acceptable to the other Party, to effect that the transferee shall observe and be bound by all provisions of this JV Contract and any agreement related hereto, and of the Charter and the Investment Certificate, as if such transferee were a party hereto and thereto. Any such transfer mentioned above shall not be valid unless approved in writing by the Members’ Council of the Company and registered with the Licensing Authority, if so required by the Laws of Vietnam. If any capital gains should be realized in connection with such transfer, the Transferring Party shall pay the applicable tax in accordance with the Laws of Vietnam. No Party shall pledge or hypothecate any of its capital contributed in the Company, nor otherwise use such capital as collateral or for any other purpose unless otherwise approved in writing by the Members’ Council.

CAPITAL TRANSFER. Without prior written consent from the other party and approval by the approving authorities, neither party hereto shall transfer to any third party all or part of its share in the JV. If one party intends to transfer all or part of its share in the JV to any third party, the other party shall have the preemptive right to buy the share on conditions not more austere than those for transferring the share to the said third party. It is hereby stated by the other party that if it does not exercise the preemptive right to buy the share, it shall be regarded as consent to the above-mentioned transfer.

CAPITAL TRANSFER. 17.1.1 The Capital Transfer to Sechelt will not be taxable.

CAPITAL TRANSFER. 6.1 A payment out of a Capital Transfer Settlement Trust in a Fiscal Year to or for the benefit of Yale First Nation will be Yale First Nation own source revenue except to the extent that: (a) the trustee of the Capital Transfer Settlement Trust has designated the payment as a withdrawal of Settlement Capital; and (b) the payment does not exceed the Settlement Capital Balance prior to the payment. 6.2 The trustee of a Capital Transfer Settlement Trust will designate every payment made out of a Capital Transfer Settlement Trust, including payments made to members of Yale First Nation, as a payment of Settlement Capital or a payment of Settlement Trust Earnings if, immediately prior to making such payment, the Settlement Capital Balance was greater than nil. 6.3 In the event that a payment designated as a payment of Settlement Trust Earnings exceeds the Settlement Trust Earnings immediately prior to such payment, the excess will be deemed to be an amount designated as a withdrawal of Settlement Capital under 6.1(a) in the Fiscal Year in which the payment was made. 6.4 In the even that a payment designated as a payment of Settlement Capital exceeds the Settlement Capital Balance immediately prior to such payment, the excess will be deemed to be designated as a payment of Settlement Trust Earnings in the Fiscal Year in which the payment was made.

CAPITAL TRANSFER. 6.1.1 Canada and Ontario shall make a Capital Transfer of $300 million (three hundred million dollars) (December 2011$) to an Algonquin Institution in accordance with Schedule 6.1.1. 6.1.2 On the Signing Date, Canada shall make a transfer to an Algonquin Institution in the amount of $10 million (ten million dollars) pursuant to an Agreement between the Algonquins of Ontario and the Government of Canada, Respecting the Disposal of the Rockcliffe Site, dated September 22, 2010. For greater certainty, the transfer referred to in this paragraph is included in the Capital Transfer referred to in 6.1.1.

CAPITAL TRANSFER. 16.1.1 The cash component of the Capital Transfer from Canada and British Columbia to Sechelt will be $40 million and will be paid in accordance with the provisions of this Chapter. 16.1.2 A provisional schedule of payments will be negotiated prior to the initialling of the Final Agreement such that:

CAPITAL TRANSFER. The capital transfer from Canada and British Columbia to Nisga'a Central Government will be $190.0 million in accordance with the provisions of this Chapter.

CAPITAL TRANSFER. The Final Agreement provides the Tla’amin Nation with a capi- tal transfer of approximately