PRINCIPLE UNDERLYING SALE OF CROWN LANDS Sample Clauses

PRINCIPLE UNDERLYING SALE OF CROWN LANDS. (a) Canada, Saskatchewan and the Entitlement Bands agree that, except as otherwise specifically provided herein, transactions involving the sale by Canada or Saskatchewan of federal or provincial Crown Lands (including federal or provincial Crown Improvements in respect thereof) shall be governed by the principle of "willing seller/willing buyer". (b) If an Entitlement Band indicates in writing that it wishes to Purchase any provincial or federal Crown Land or Crown Improvements pursuant to this Agreement, Canada and Saskatchewan agree to advise the Entitlement Band as soon as reasonably possible, but in any event within ninety (90) days of receipt of a written request containing a description that identifies the subject property, whether or not they are prepared to sell the said Crown Lands or Crown Improvements, and to identify any conditions precedent that must be satisfied by the Entitlement Band prior to the sale being finalized. (c) If Canada or Saskatchewan agree to sell any federal or provincial Crown Lands or Crown Improvements as aforesaid, then for a period of eighteen(18) months following delivery by Canada or Saskatchewan of a notification to the Entitlement Band confirming their intention to sell, the identified Crown Lands or Crown Improvements shall be available for sale to the Entitlement Band, subject only to an agreement (or a determination hereunder) respecting the purchase price and satisfaction of any applicable conditions precedent. (d) During the eighteen (18) month period referred to in subsection (c), neither Canada nor Saskatchewan shall (other than for the benefit of the Entitlement Band) permit the sale of such federal or provincial Crown Lands or Crown Improvements, or grant any Third Party Interests in respect thereof without the prior written consent of the Entitlement Band, except: (i) any interests which any existing Third Party Interest Holder is entitled to pursuant to the terms of a contractual arrangement with Saskatchewan or Canada or pursuant to provincial legislation; (ii) Public Utility Easements; or (iii) any new Third Party Interest with 4 term of less than one (1) year. (e) In the event that Canada or Saskatchewan have agreed to sell any Crown Lands or Crown Improvements to an Entitlement Band, the purchase price shall be equal to the fair market value of the Crown Lands or Crown Improvements as determined by an independent appraiser. (f) The cost of an appraisal under subsection (e) shall be borne by the two pa...
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PRINCIPLE UNDERLYING SALE OF CROWN LANDS. (a) Canada, Saskatchewan and the Band agree that, except as otherwise specifically provided herein, transactions involving the sale by Canada or Saskatchewan of federal or provincial Crown Lands (including federal or provincial Crown Improvements in respect thereof) shall be governed by the principle of "willing seller/willing buyer". (b) If the Band indicates in writing that it wishes to Purchase any provincial or federal Crown Land or Improvements pursuant to this Agreement, Canada and Saskatchewan agree to advise the Band as soon as reasonably possible, but in any event within ninety (90) days of receipt of a written request containing a description that identifies the subject property, whether or not they are prepared to sell the said Crown Lands or Improvements, and to identify any conditions precedent that must be satisfied by the Band prior to the sale being finalized.
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PRINCIPLE UNDERLYING SALE OF CROWN LANDS. (a) Canada, Saskatchewan and the Band agree that, except as otherwise specifically provided herein, transactions involving the sale by Canada or Saskatchewan of federal or provincial Crown Lands (including federal or provincial Crown Improvements in respect thereof) shall be governed by the principle of "willing seller/willing buyer". (b) If the Band indicates in writing that it wishes to Purchase any provincial or federal Crown Land or Crown Improvements pursuant to this Agreement, Canada and Saskatchewan agree to advise the Band as soon as reasonably possible, but in any event within ninety (90) days of receipt of a written request containing a description that identifies the subject property, whether or not they are prepared to sell the said Crown Lands or Crown Improvements, and to identify any conditions precedent that must be satisfied by the Band prior to the sale being finalized. (c) If Canada or Saskatchewan agree to sell any federal or provincial Crown Lands or Crown Improvements as aforesaid, then for a period of eighteen (18) months following delivery by Canada or Saskatchewan of a notification to the Band confirming their intention to sell, the identified Crown Lands or Crown Improvements shall be available for sale to the Band, subject only to an agreement (or a determination hereunder) respecting the purchase price and satisfaction of any applicable conditions precedent.
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Related to PRINCIPLE UNDERLYING SALE OF CROWN LANDS

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