List of Eligible First Nations Sample Clauses

List of Eligible First Nations. The initial list of Eligible First Nations is attached hereto as Schedule “A”, and may be amended, revised or updated from time to time (i) pursuant to a proposal from the PTOs ratified by the Limited Partners by Special Resolution pursuant to the Partnership Agreement, or (ii) by the Limited Partners by Extraordinary Resolution pursuant to the Partnership Agreement. The General Partner may also add new Indian Bands, Treaty First Nations and Self Governing First Nations Established by Statute to the list and may also, at the direction of an Eligible First Nation, replace such Eligible First Nation with another entity identified by such Eligible First Nation as governing such Eligible First Nation. The Partnership will provide any amended, revised or updated list of Eligible First Nations to the Province on a timely basis.‌

List of Eligible First Nations. The initial list of First Nations eligible to participate in revenue sharing (“Eligible First Nations”) includes all Indian Act Indian Bands, Treaty First Nations (including Nisga’a Nation) and self-governing First Nations established pursuant to statute. The initial list of Eligible First Nations assists in providing financial benefits to communities quickly and efficiently, but is only a starting point. The Partnership supports the goal of moving away from colonial definitions of Indigenous peoples by the process of self-determination. As a practical matter, the initial list reflects entities which currently have the administrative capacity in place to administer funds and to deliver services to communities, and which have corresponding accountability mechanisms in place. As a fundamental principle, the Revenue Sharing Agreement recognizes the rights of First Nations to determine their own political and governance structures. Several mechanisms have been implemented to facilitate the adaptation of the initial list of Eligible First Nations in accordance with the rights of First Nations to self-determination. New or re-constituted First Nations may become Eligible First Nations through various mechanisms. The General Partner may recognize newly established Indian Bands, Treaty First Nations or self-governing First Nations. As governance of a First Nation changes, for example from an Indian Band to a hereditary structure, an entity on the list of Eligible First Nations may direct the General Partner to replace it with the new governance entity. Alternatively, the PTOs may, with Limited Partner ratification, or the Limited Partners may, by Extraordinary Resolution, change the list of Eligible First Nations. The principles applicable to such changes include participation in revenue sharing by all First Nations communities in the Province in a fair and equitable manner, without discrimination or duplication. Distribution Formula The Initial Distribution Formula was developed as a principled approach to distributions of revenues. A recommendation was brought before the Chiefs in Assemblies at the Provincial Territorial Organizations and was open to comment from First Nations leadership. In 2018, the Chiefs in Assemblies at the Provincial Territorial Organizations each approved an Initial Distribution Formula as follows: 50% of revenues distributed to each First Nation equally, 40% of revenues distributed by population, and 10% of revenues distributed for isola...