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Common use of Payments Subject to Reporting Clause in Contracts

Payments Subject to Reporting. 2.1 Where any Participating First Nation has not met the reporting requirements as set out in the Agreement and Schedule “D”, that Participating First Nation’s allocated portion of revenues, as set out in Schedules “A” and “B”, will not be included in the Funds payable under this Agreement in the next scheduled payment of Funds. 2.2 Where GCT3 has not met the reporting requirements with regard to GCT3’s Annual and Final Reports as set out in this Agreement and Schedule “D”, no Funds will be payable under this Agreement at the next scheduled payment of Funds.

Appears in 2 contracts

Samples: Forestry and Mining Resource Revenue Sharing Agreement, Forestry and Mining Resource Revenue Sharing Agreement

Payments Subject to Reporting. 2.1 Where any Participating First Nation has not met the reporting requirements as set out in the Agreement and Schedule “D”, that Participating First Nation’s allocated portion of revenues, as set out in Schedules “A” and “B”, will not be included in the Funds payable under this Agreement in the next scheduled payment of Funds. 2.2 Where GCT3 WTC has not met the reporting requirements with regard to GCT3WTC’s Annual and Final Reports as set out in this Agreement and Schedule “D”, no Funds will be payable under this Agreement at the next scheduled payment of Funds.

Appears in 2 contracts

Samples: Forestry and Mining Resource Revenue Sharing Agreement, Forestry and Mining Resource Revenue Sharing Agreement

Payments Subject to Reporting. 2.1 Where any Participating First Nation has not met the reporting requirements as set out in the Agreement and Schedule “D”, that Participating First Nation’s allocated portion of revenues, as set out in Schedules “A” and “B”, will not be included in the Funds payable under this Agreement in the next scheduled payment of Funds.Funds.‌ 2.2 Where GCT3 MC has not met the reporting requirements with regard to GCT3MC’s Annual and Final Reports as set out in this Agreement and Schedule “D”, no Funds will be payable under this Agreement at the next scheduled payment of Funds.Funds.‌

Appears in 1 contract

Samples: Forestry and Mining Resource Revenue Sharing Agreement