Common use of CONTINUATION OF FREEZE POLICY Clause in Contracts

CONTINUATION OF FREEZE POLICY. (a) Saskatchewan, Canada and the Entitlement Bands acknowledge that the Entitlement Bands have, prior to the Execution Date, made certain selections of provincial Crown Lands (which Crown Lands shall, for the purposes of this section, be deemed to include all associated Crown Minerals and Crown Improvements) with the intention of having the same transferred to Entitlement Reserve status. (b) Saskatchewan acknowledges that it has, with respect to such selections of provincial Crown Land, implemented a freeze policy pursuant to which it has not generally permitted the sale of the same, or granted any Third Party Interests or Mineral Dispositions in respect thereof. (c) Saskatchewan agrees that with respect to all Crown Lands which are subject, as at the Execution Date, to the freeze policy, it will not, for a period of one (1) year from the Execution Date, permit the sale of such Lands, or grant any Third Party Interests or Mineral Dispositions in respect thereof, without the written consent of the relevant Entitlement Band, save and except for: (i) such interests as any existing Third Party Interest Holder or Mineral Disposition Holder may now be entitled to pursuant to the terms of its contractual arrangement with Saskatchewan, provincial legislation or the policy of Saskatchewan; (ii) Public Utility Easements; or (iii) any new Third Party Interest with a term not exceeding one (1) year. (d) Each of the Entitlement Bands agrees to notify Saskatchewan in writing, within one (1) year of the Execution, Date, which of the Lands subject to the freeze policy (on behalf of such Entitlement Band) the Entitlement Band wishes to Purchase from Saskatchewan, to the extent only of the Entitlement Band's Equity Quantum or Saskatchewan Formula Quantum, whichever is greater. (e) If an Entitlement Band has not entered into a Band Specific Agreement prior to the expiration of the one (1) year time period referred to in subsection (d), Saskatchewan agrees that subsection (c) will continue to apply to the Lands selected by the Entitlement Band pursuant to subsection (d) until the earlier of the date that the Entitlement Band signs a Band Specific Agreement or three

CONTINUATION OF FREEZE POLICY. (a) Saskatchewan, Canada and the Entitlement Bands Band acknowledge that the Entitlement Bands haveBand has, prior to the Execution Date, made certain selections of provincial Crown Lands (which Crown Lands shall, for the purposes of this section, be deemed to include all associated Crown Minerals and Crown Improvements) with the intention of having the same transferred to Entitlement Reserve status. (b) Saskatchewan acknowledges that it has, with respect to such selections of provincial Crown Land, implemented a freeze policy pursuant to which it has not generally permitted the sale of the same, or granted any Third Party Interests or Mineral Dispositions in respect thereof. (c) Saskatchewan agrees that with respect to all Crown Lands which are subject, as at the Execution Date, to the freeze policy, it will not, for a period of one (1) year from the Execution Date, permit the sale of such Lands, or grant any Third Party Interests or Mineral Dispositions in respect thereof, without the written consent of the relevant Entitlement Band, save and except for: (i) such interests as any existing Third Party Interest Holder or Mineral Disposition Holder may now be entitled to pursuant to the terms of its contractual arrangement with Saskatchewan, provincial legislation or the policy of Saskatchewan; (ii) Public Utility Easements; or (iii) any new Third Party Interest with a term not exceeding one (1) year. (d) Each of the Entitlement Bands The Band agrees to notify Saskatchewan in writing, within one (1) year of the Execution, Date, which of the Lands subject to the freeze policy (on behalf of such Entitlement Band) the Entitlement Band wishes to Purchase from Saskatchewan, to the extent only of the Entitlement Band's Equity Quantum or Saskatchewan Formula Quantumand the provisions of sections 4.05 and 5.03 apply with respect to the Purchase of Land, whichever is greaterMinerals and Improvements after the notification to Saskatchewan. (e) If The Band agrees that Canada has not yet determined whether any of the current selections of Entitlement Land (including Minerals and Improvements) made by the Band are, or will hereafter be, eligible for Reserve or Entitlement Reserve status, and further agrees that in the event of any dispute between an Entitlement Band has not entered into a and the Band Specific Agreement prior as to the expiration availability of the one (1) year time period referred to in subsection (d)any Land, Saskatchewan agrees that subsection (c) will continue to apply to the Lands selected Minerals or Improvements now or hereafter selected, resolution of such disputes shall be determined solely by the Entitlement Band pursuant to subsection (d) until involved and the earlier of the date that the Entitlement Band signs a Band Specific Agreement or threeBand.

CONTINUATION OF FREEZE POLICY. (a) Saskatchewan, Canada and the Entitlement Bands acknowledge that the Entitlement Bands have, prior to the Execution Date, made certain selections of provincial Crown Lands (which Crown Lands shall, for the purposes of this section, be deemed to include all associated Crown Minerals and Crown Improvements) with the intention of having the same transferred to Entitlement Reserve status. (b) Saskatchewan acknowledges that it has, with respect to such selections of provincial Crown Land, implemented a freeze policy pursuant to which it has not generally permitted the sale of the same, or granted any Third Party Interests or Mineral Dispositions in respect thereof. (c) Saskatchewan agrees that with respect to all Crown Lands which are subject, as at the Execution Date, to the freeze policy, it will not, for a period of one one (1) year from the Execution Date, permit the sale of such Lands, or grant any Third Party Interests or Mineral Dispositions in respect thereof, without the written consent of the relevant Entitlement Band, save and except for: (i) such interests as any existing Third Party Interest Holder or Mineral Disposition Holder may now be entitled to pursuant to the terms of its contractual arrangement with Saskatchewan, provincial legislation or the policy of Saskatchewan; (ii) Public Utility Easements; or (iii) any new Third Party Interest with a term not exceeding one (1) year. (d) Each of the Entitlement Bands agrees to notify Saskatchewan in writing, within one (1) year of the Execution, Date, which of the Lands subject to the freeze policy (on behalf of such Entitlement Band) the Entitlement Band wishes to Purchase from Saskatchewan, to the extent only of the Entitlement Band's Equity Quantum or Saskatchewan Formula Quantum, whichever is greater. (e) If an Entitlement Band has not entered into a Band Specific Agreement prior to the expiration of the one (1) year time period referred to in subsection (d), Saskatchewan agrees that subsection (c) will continue to apply to the Lands selected by the Entitlement Band pursuant to subsection (d) until the earlier of the date that the Entitlement Band signs a Band Specific Agreement or threethree (3) years from the Execution Date. (f) If an Entitlement Band has entered into a Band Specific Agreement at or prior to the expiration of the one (1) year time period referred to in subsection (d), or thereafter enters into a Band Specific Agreement, the provisions of sections 4.05 and 5.03 apply with respect to the Purchase of the Lands, Minerals and Improvements from the time referred to in subsection (d) or the date of the Band Specific Agreement, as the case may be. (g) The Entitlement Bands agree that Canada has not yet determined whether any of the current selections of Entitlement Land (including Minerals and Improvements) made by Entitlement Bands are, or will hereafter be, eligible for Reserve or Entitlement Reserve status, and further agree that in the event of any dispute between Entitlement Bands as to availability of any Land, Minerals or Improvements now or hereafter selected, resolution of such disputes shall be determined solely by the Entitlement Bands involved.