PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsections 3.01(d) and (e) and section 10.01, Canada agrees to deposit into the Trust Account, for and on behalf of the Band, Canada's portion of the Entitlement Monies within the time frame set forth in subsection 3.01(b) together with all Entitlement Monies received by Canada from Saskatchewan within fifteen (15) days of receipt thereof by the Treaty Land Entitlement (Saskatchewan) Fund.
PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsection 10.01, Canada agrees to deposit into the Trust Account for and on behalf of the Band, the Entitlement Monies within the time frame set forth in subsection 3.01(b).
(b) In the event of any failure by Canada to make any direct payments to the Trust Account for and on behalf of the Band within the time frames specified in subsection 3.01(b), then the Band shall be entitled to payment by Canada of interest on the unpaid balance of the Entitlement Monies then due, calculated at the Interest Rate plus two percent (2%) per annum from the date such payment was required to be deposited into the Trust Account pursuant to subsection 3.01(b) to and including the date of payment thereof. All interest payments payable hereunder shall accrue to the benefit of the Band and shall be deposited into the Trust Account by Canada concurrent with the payment of Entitlement Monies pursuant to subsection 3.01(b) and shall constitute part of the Entitlement Monies for the purpose of the Trust Agreement.
PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsection 3.06(c) Canada agrees to deposit the Entitlement Monies in accordance with section 3.02 hereof upon the complete satisfaction and occurrence of each condition precedent specified in subsection 10.02(a) hereof, or within 30 days of the satisfaction and occurrence of the last of the conditions precedent specified in subsection 10.02(a) hereof required to be satisfied.
PAYMENT OF ENTITLEMENT MONIES. (a) Subject to subsection 3.06(c) Canada agrees to deposit the Entitlement Monies in accordance with section 3.02 hereof upon the complete satisfaction and occurrence of each condition precedent specified in subsection 10.02(a) hereof, or within 30 days of the satisfaction and occurrence of the last of the conditions precedent specified in subsection 10.02(a) hereof required to be satisfied.
(b) Notwithstanding the provisions of subsection (a), nothing in the Agreement shall obligate Canada to pay the Entitlement Monies prior to the Execution Date.
(c) In the event the deposit of the Entitlement Monies is not made by Canada on the Execution Date, Canada shall pay interest on the Entitlement Monies from the Execution Date at the Interest Rate calculated to and until the date the deposit of the Entitlement Monies pursuant to section 3.02 is made and the Band hereby authorizes Canada to deposit all such interest due to the Band hereunder into the Trust Account at the Institution for the purpose and with the intention stated in section 4.01 of this Agreement.
