MINERALS PAYMENT Clause Samples

MINERALS PAYMENT. (a) Canada and Saskatchewan each agree that they shall, in accordance with the provisions of this Article and in their respective cost sharing ratios as set forth in Article 2 of the Amended Cost Sharing Agreement, cause to be paid to the Treaty Land Entitlement (Saskatchewan) Fund, in respect of each Entitlement Band, an amount (the "Minerals Payment") for the purpose of assisting the Entitlement Bands to purchase Minerals in respect of the Entitlement Band's Shortfall Acres. The Minerals Payment for a particular Entitlement Band shall be equal to the product, obtained by multiplying the Shortfall Acres of the Entitlement Band by the sum of Forty-five ($45.00) Dollars per acre. (b) Each Entitlement Band agrees with Canada and Saskatchewan that its total Minerals Payment is set forth in column 15 of Schedule 1.