COMPENSATION PAID BY CANADA Sample Clauses

COMPENSATION PAID BY CANADA. (a) In the event the Band has: (i) Purchased Entitlement Land, the title to which has been accepted by and transferred to Canada; and (ii) the same is eligible to be set apart as an Entitlement Reserve pursuant to the terms of this Agreement; and such Entitlement Land is not set apart by the Governor-in-Council notwithstanding recommendation by the Minister to do so, then the provisions of subsections (b) or (c) and the provisions of subsections (d), (e) and (f), shall, unless otherwise agreed between Canada and the Band, apply; (b) Prior to the Shortfall Acres Acquisition Date, if the consent of the Governor-In- Council is denied: (i) the Band shall forthwith confirm to Canada by means of a Band Council Resolution that none of the Band, its Members or Trustees wish to retain any interest whatsoever (whether legal, beneficial or otherwise) in respect of the Entitlement Land in question; (ii) upon receipt of such notification Canada agrees, within one hundred and twenty (120) days, to reimburse the Band and its Trustees for all reasonable Acquisition Costs incurred and paid by the Band or its Trustees in respect of the Purchase of the said Entitlement Land; (iii) Canada further agrees, within one hundred and twenty (120) days to promptly reimburse the Band for the purchase price of the affected Entitlement Land paid by the Band or its Trustees; and (iv) all amounts paid by Canada pursuant to subsections (ii) and (iii) above shall be deposited to the Band's Trust Account and shall, notwithstanding any other provision of this Agreement, or the Trust Agreement, be thereafter dealt with in the same manner as any other funds administered by the Trustees on behalf of the Band prior to the Band's Shortfall Acres Acquisition Date until the Band has actually achieved its Shortfall Acres Acquisition Date; (c) If the consent of the Governor-In-Council is denied after the Shortfall Acres Acquisition Date, the Band shall, for a period of six (6) months following receipt by the Band of written notification from Canada that the Entitlement Land in question shall, notwithstanding the recommendation of the Minister, not be set apart as an Entitlement Reserve, have the option to either: (i) have Canada, after receipt of a notification from the Band of the type contemplated in subsection (b)(i), prior to the expiration of the six (6) month period aforesaid, reimburse the Band for those amounts referred to in subsections (b)(ii) and (iii), and to pay such amounts to the Band's...
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Related to COMPENSATION PAID BY CANADA

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