Common use of DEEMED PURCHASE EXPENDITURES Clause in Contracts

DEEMED PURCHASE EXPENDITURES. (a) Trust Property on deposit in the Trust Account which is expended on Acquisition Costs, the Purchase of Land, Minerals or Improvements, the satisfaction or accommodation of Occupants of Crown Land, Mineral Disposition Holders and Third Party Interest Holders, together with the costs of conducting feasibility studies, appraisals and environmental assessments (other than those costs to be incurred by Canada in accordance with subsection 11.07(a) hereof) shall be deemed for the purposes of section 4.03 and the Trust Agreement to have been spent for the Purchase of Land, Minerals and Improvements. (b) Notwithstanding subsection (a) above, to the extent any of the foregoing costs or expenditures have been paid by an Entitlement Band from its Revenue Trust Account, or with other monies not drawn on, or to be reimbursed from, its Trust Account, then such costs and expenditures shall be deemed, for the purposes of section 4.03 and the Trust Agreement, not to have been spent for the Purchase of Land, Minerals and Improvements.

DEEMED PURCHASE EXPENDITURES. (a) Trust Property on deposit in the Trust Account which is expended on Acquisition Costs, the Purchase of Land, Minerals or Improvements, the satisfaction or accommodation of Occupants of Crown Land, Mineral Disposition Holders and Third Party Interest Holders, together with the costs of conducting feasibility studies, appraisals and environmental assessments (other than those costs to be incurred by Canada in accordance with subsection 11.07(a) hereof) shall be deemed for the purposes of section 4.03 and the Trust Agreement to have been spent for the Purchase of Land, Minerals and Improvements. (b) Notwithstanding subsection (a) above, to the extent any of the foregoing costs or expenditures Acquisition Costs have been paid by an Entitlement the Band from its Revenue Trust Account, or with other monies not drawn on, or to be reimbursed from, its Trust Account, then such costs and expenditures Acquisition Costs shall be deemed, for the purposes of section 4.03 4.01 and the Trust Agreement, not to have been spent for the Purchase of Land, Minerals and Improvements.

DEEMED PURCHASE EXPENDITURES. (a) Trust Property on deposit in the Trust Account which is expended on Acquisition Costs, the Purchase of Land, Minerals or Improvements, the satisfaction or accommodation of Occupants of Crown Land, Mineral Disposition Holders and Third Party Interest Holders, together with the costs of conducting feasibility studies, appraisals and environmental assessments (other than those costs to be incurred by Canada in accordance with subsection 11.07(a) hereof) shall be deemed for the purposes of section 4.03 and the Trust Agreement to have been spent for the Purchase of Land, Minerals and Improvements. (b) Notwithstanding subsection (a) above, to the extent any of the foregoing costs or expenditures Acquisition Costs have been paid by an Entitlement the Band from its Revenue Trust Account, or with other monies not drawn on, or to be reimbursed from, its Trust Account, then such costs and expenditures Acquisition Costs shall be deemed, for the purposes of section 4.01, 4.03 and the Trust Agreement, not to have been spent for the Purchase of Land, Minerals and Improvements.

DEEMED PURCHASE EXPENDITURES. (a) Trust Property on deposit in the Trust Account which is expended on Acquisition Costs, the Purchase of Land, Minerals or Improvements, the satisfaction or accommodation of Occupants of Crown Land, Mineral Disposition Holders and Third Party Interest Holders, together with the costs of conducting feasibility studies, appraisals and environmental assessments (other than those costs to be incurred by Canada in accordance with subsection 11.07(a) hereof) shall be deemed for the purposes of section 4.03 and the Trust Agreement to have been spent for the Purchase of Land, Minerals and Improvements. (b) Notwithstanding subsection (a) above, to the extent any of the foregoing costs or expenditures Acquisition Costs have been paid by an Entitlement the Band from its Revenue Trust Account, or with other monies not drawn on, or to be reimbursed from, its Trust Account, then such costs and expenditures Acquisition Costs shall be deemed, for the purposes of section 4.01. 4.03 and the Trust Agreement, not to have been spent for the Purchase of Land, Minerals and Improvements.