Common use of Maximum Amounts Clause in Contracts

Maximum Amounts. In accordance with section 17.03 of the Framework Agreement and section 9.10 of the Amended Cost Sharing Agreement, Canada and Saskatchewan agree that the maximum amounts referred to in sections 6.2 and 7.2 of the Amended Cost Sharing Agreement, shall, as a result of this Agreement, be increased by $1,250,000.00 for the Rural Municipalities Compensation Fund and $1,250,000.00 for the School Divisions Compensation Fund, and in the event that the maximum amounts referred to in those sections are insufficient to pay tax loss compensation to Rural Municipalities or School Divisions on account of Taxable Land which had been situated within a Rural Municipality and which is set apart as an Entitlement Reserve pursuant to, collectively, this Agreement, the Framework Agreement, and any other Treaty land entitlement settlement agreement based on the principles of the Framework Agreement which was entered into between Canada, Saskatchewan and an Indian band subsequent to the Framework Agreement and prior to the Execution Date hereof, and it is agreed that such maximum amounts, to the extent payable, shall, subject to section 20.23, be apportioned between Canada and Saskatchewan in accordance with the cost-sharing ratio set out in section 2.1 of the Amended Cost Sharing Agreement.

Maximum Amounts. In accordance with section 17.03 of the Framework Agreement and section 9.10 of the Amended Cost Sharing Agreement, Canada and Saskatchewan agree that the maximum amounts referred to in sections 6.2 and 7.2 of the Amended Cost Sharing Agreement, shall, as a result of this Agreement, be increased by $1,250,000.00 3,750,000.00 for the Rural Municipalities Compensation Fund and $1,250,000.00 3,750,000.00 for the School Divisions Compensation Fund, and in the event that the maximum amounts referred to in those sections are insufficient to pay tax loss compensation to Rural Municipalities or School Divisions on account of Taxable Land which had been situated within a Rural Municipality and which is set apart as an Entitlement Reserve pursuant to, collectively, this Agreement, the Framework Agreement, and any other Treaty land entitlement settlement agreement based on the principles of the Framework Agreement which was entered into between Canada, Saskatchewan and an Indian band subsequent to the Framework Agreement and prior to the Execution Date hereof, and it is agreed that such maximum amounts, to the extent payable, shall, subject to section 20.23, be apportioned between Canada and Saskatchewan in accordance with the cost-sharing ratio set out in section 2.1 of the Amended Cost Sharing Agreement.