ENTITLEMENT RESERVE UNENCUMBERED. Subject to section 8.04, but otherwise notwithstanding any other provision hereof, the Band agrees that all Entitlement Land to be set apart as an Entitlement Reserve must be free and clear of all Third Party Interests or, alternatively, arrangements satisfactory to Canada, all affected Third Party Interest Holders and the Band for the surrender of such Third Party Interests and the subsequent recreation thereof under applicable federal legislation must have been agreed to in accordance with sections 8.03, 8.05 and 8.06. 8.02 THIRD PARTY INTERESTS TO BE REMOVED AT THE TIME OF PURCHASE: Prior to the Shortfall Acres Acquisition Date, the Band agrees that appropriate legal arrangements for discharge of the following Third Party Interests must be made at the time of completion of the Purchase of Entitlement Land: (a) registered mortgages, debentures and other similar charges; (b) registered caveats evidencing: (i) mortgage renewals; (ii) mortgage amendments; (iii) mortgage extensions; (iv) equitable mortgages; or (v) any other pledge or charge of any interest in or affecting such Entitlement Land;
Appears in 4 contracts
Samples: Treaty Land Entitlement Settlement Agreement, Settlement Agreement, Treaty Land Entitlement Settlement Agreement
ENTITLEMENT RESERVE UNENCUMBERED. Subject to section 8.04, but otherwise notwithstanding any other provision hereof, the each Entitlement Band agrees that all Entitlement Land to be set apart as an Entitlement Reserve must be free and clear of all Third Party Interests or, alternatively, arrangements satisfactory to Canada, all affected Third Party Interest Holders and the Entitlement Band for the surrender of such Third Party Interests and the subsequent recreation thereof under applicable federal legislation must have been agreed to in accordance with sections 8.03, 8.05 and 8.06. 8.02 THIRD PARTY INTERESTS TO BE REMOVED AT THE TIME OF PURCHASE: Prior to the Shortfall Acres Acquisition Date, the Band agrees Entitlement Bands agree that appropriate legal arrangements for discharge of the following Third Party Interests must be made at the time of completion of the Purchase of Entitlement Land:
(a) registered mortgages, debentures and other similar charges;
(b) registered caveats evidencing:
(i) mortgage renewals;
(ii) mortgage amendments;
(iii) mortgage extensions;
(iv) equitable mortgages; or
(v) any other pledge or charge of any interest in or affecting such Entitlement Land;
(c) registered writs of execution;
(d) notices registered pursuant to
Appears in 2 contracts
Samples: Saskatchewan Treaty Land Entitlement Framework Agreement, Saskatchewan Treaty Land Entitlement Framework Agreement
