Common use of ENTITLEMENT MONIES Clause in Contracts

ENTITLEMENT MONIES. (a) Canada, Saskatchewan and the Band agree that the total Entitlement Monies, including the Equity Payment and Mineral Payment of the Band, is $10,243,452.00. (b) The parties acknowledge and agree that $7,170,416.00 of the Entitlement Monies referred to in subsection 3.01(a) shall, subject to the terms hereof (including, without limitation, subsections 3.01(d) and (e) and section 10.01) be paid by Canada to the Treaty Land Entitlement (Saskatchewan) Fund and shall thereafter be deposited by Canada into the Trust Account as follows: (i) $2,390,140.00 (representing the first two (2) of a total of six (6) equal payments) within thirty (30) days of the Execution Date; and (ii) $1,195,069.00 on or before June 30th in each of the succeeding four (4) years. (iii) Canada may, in Canada’s sole discretion, pay or deposit Entitlement Monies into the Trust Account any or all Entitlement Monies not yet paid or deposited to the Trust Account at any time or times prior to those set out in subsections 3.01(b)(i) and 3.01(b)(ii), and Canada will provide thirty (30) days written notice prior to making any such early payment or deposit. (c) The parties acknowledge and agree that the remaining balance of the Entitlement Monies referred to in subsection 3.01(a) (being the sum of $3,073,036.00) shall be paid to Canada by Saskatchewan to the Treaty Land Entitlement (Saskatchewan) Fund in accordance with section 3.06 and, subject to receipt thereof by Canada, shall thereafter be deposited by Canada into the Trust Account as follows: (i) $512,172.65 within forty-five (45) days of the Execution Date; and (ii) $512,172.67 on or before July 15 in each of the succeeding five (5) years. (d) Canada shall not be obligated to deposit any Entitlement Monies pursuant to section 3.01 and section 3.02 of this Agreement unless the Band, the Trustees and an Institution have established the Trust, executed the Trust Agreement and opened the Trust Account; and (e) Canada shall not be obligated to deposit any Entitlement Monies pursuant to section 3.01 and section 3.02 of this Agreement unless the Band provides Canada with a Band Council Resolution, which directs Canada to pay Entitlement Monies to the Trust Account, and which provides sufficient information for Canada to confirm the existence of the Trust Account and deposit Entitlement Monies to the Trust Account.

ENTITLEMENT MONIES. (a) Canada, Saskatchewan and the Band agree that the total Entitlement Monies, including the Equity Payment and Mineral Payment of the Band, is $10,243,452.0010,372,182.70. (b) The parties acknowledge and agree that $7,170,416.00 7,260,527.89 of the Entitlement Monies referred to in subsection 3.01(a) shall, subject to the terms hereof (including, without limitation, subsections 3.01(d) and (e) and section 10.01) be paid by Canada to the Treaty Land Entitlement (Saskatchewan) Fund and shall thereafter be deposited by Canada into the Trust Account as follows: (i) $2,390,140.00 2,420,175.97 (representing the first two (2) of a total of six (6) equal payments) within thirty (30) days of the Execution Date; and (ii) $1,195,069.00 1,210,087.98 on or before June 30th in each of the succeeding four (4) years. (iii) Canada may, in Canada’s sole discretion, pay or deposit Entitlement Monies into the Trust Account any or all Entitlement Monies not yet paid or deposited to the Trust Account at any time or times prior to those set out in subsections 3.01(b)(i) and 3.01(b)(ii), and Canada will provide thirty (30) days written notice prior to making any such early payment or deposit. (c) The parties acknowledge and agree that the remaining balance of the Entitlement Monies referred to in subsection 3.01(a) (being the sum of $3,073,036.003,111,654.81) shall be paid to Canada by Saskatchewan to the Treaty Land Entitlement (Saskatchewan) Fund in accordance with section 3.06 and, subject to receipt thereof by Canada, shall thereafter be deposited by Canada into the Trust Account as follows: (i) $512,172.65 518,609.01 within forty-five (45) days of the Execution Date; and (ii) $512,172.67 518,609.16 on or before July 15 in each of the succeeding five (5) years. (d) Canada shall not be obligated to deposit any Entitlement Monies pursuant to section 3.01 and section 3.02 of this Agreement unless the Band, the Trustees and an Institution have established the Trust, executed the Trust Agreement and opened the Trust Account; and (e) Canada shall not be obligated to deposit any Entitlement Monies pursuant to section 3.01 and section 3.02 of this Agreement unless the Band provides Canada with a Band Council Resolution, which directs Canada to pay Entitlement Monies to the Trust Account, and which provides sufficient information for Canada to confirm the existence of the Trust Account and deposit Entitlement Monies to the Trust Account.

ENTITLEMENT MONIES. (a) Canada, Saskatchewan and the Band agree that the total Entitlement Monies, including the Equity Payment, Honour Payment and Mineral Payment of the Band, is $10,243,452.0026,662,416.42. (b) The parties acknowledge and agree that $7,170,416.00 18,663,691.49 of the Entitlement Monies referred to in subsection 3.01(a) shall, subject to the terms hereof (including, without limitation, subsections 3.01(d) and (e) and section 10.01) be paid by Canada to the Treaty Land Entitlement (Saskatchewan) Fund and shall thereafter be deposited by Canada into the Trust Account as follows: (i) $2,390,140.00 6,221,230.49 (representing the first two (2) of a total of six (6) equal payments) within thirty (30) days of the Execution Date; and (ii) $1,195,069.00 3,110,615.25 on or before June 30th in each of the succeeding four (4) years. (iii) Canada may, in Canada’s sole discretion, pay or deposit Entitlement Monies into the Trust Account any or all Entitlement Monies not yet paid or deposited to the Trust Account at any time or times prior to those set out in subsections 3.01(b)(i) and 3.01(b)(ii), and Canada will provide thirty (30) days written notice prior to making any such early payment or deposit. (c) The parties acknowledge and agree that the remaining balance of the Entitlement Monies referred to in subsection 3.01(a) (being the sum of $3,073,036.007,998,724.93) shall be paid to Canada by Saskatchewan to the Treaty Land Entitlement (Saskatchewan) Fund in accordance with section 3.06 and, subject to receipt thereof by Canada, shall thereafter be deposited by Canada into the Trust Account as follows: (i) $512,172.65 1,333,120.83 within forty-five (45) days of the Execution Date; and (ii) $512,172.67 1,333,120.82 on or before July 15 in each of the succeeding five (5) years. (d) Canada shall not be obligated to deposit any Entitlement Monies pursuant to section 3.01 and section 3.02 of this Agreement unless the Band, the Trustees and an Institution have established the Trust, executed the Trust Agreement and opened the Trust Account; and (e) Canada shall not be obligated to deposit any Entitlement Monies pursuant to section 3.01 and section 3.02 of this Agreement unless the Band provides Canada with a Band Council Resolution, which directs Canada to pay Entitlement Monies to the Trust Account, and which provides sufficient information for Canada to confirm the existence of the Trust Account and deposit Entitlement Monies to the Trust Account.