PURPOSE OF ENTITLEMENT MONIES. (a) Entitlement Monies deposited to the Trust Account shall be utilized by the Trustees on behalf of the Band:
PURPOSE OF ENTITLEMENT MONIES. (a) Entitlement Monies deposited to the Trust Account of an Entitlement Band pursuant to its Band Specific Agreement shall (excluding interest earned thereon in the Trust Account which may be dealt with as agreed to in the Trust Agreement) be utilized by the Trustees of the Entitlement Band:
PURPOSE OF ENTITLEMENT MONIES. (a) Entitlement Monies deposited to the Trust Account shall be utilized by the Trustees on behalf of the Band:
(i) prior to the Band's Shortfall Acres Acquisition Date, only for the Purchase of Entitlement Land (including all existing Minerals and Improvements in respect thereof) in accordance with the terms of this Agreement, the Band Specific Agreement and the Trust Agreement; and
(ii) from and after the Shortfall Acres Acquisition Date, for the Purchase of additional Entitlement Land, for other Band Development purposes, or for the payment to Elders in accordance with the Trust Agreement.
PURPOSE OF ENTITLEMENT MONIES. (a) Entitlement Monies deposited to the Trust Account shall be utilized by the Trustees on behalf of the Band:
(i) prior to the Entitlement Band's Shortfall Acres Acquisition Date, only for the Purchase of Entitlement Land (including all existing Minerals and Improvements in respect thereof) in accordance with the terms of this Agreement and the Trust Agreement; and
(ii) from and after the Shortfall Acres Acquisition Date, for the Purchase of additional Entitlement Land or other Band Development purposes in accordance with its Trust Agreement.
(b) Subject to subsection 4.01(c), but notwithstanding subparagraph 4.01(a)(i) or section 5.01, the Trustees may, prior to the Shortfall Acres Acquisition Date, following receipt by the Trustees of a Band Council Resolution requesting the same, withdraw from the Trust Account One Million One Hundred Forty-Seven Thousand Four Hundred Dollars ($1,147,400) which funds shall be paid to the Band and utilized by the Band in accordance with the following allocations and purposes:
(i) Eight Hundred Thousand Dollars ($800,000) for Band Development purposes which, for greater certainty shall include the purchase of Entitlement Land which does not include all minerals or which is not free and clear of all mineral dispositions; and
(ii) Three Hundred Forty-Seven Thousand Four Hundred Dollars ($347,400) to be utilized for the one time lump sum payments to Elders in accordance with subsection 6.01(b)(iii) of the Trust Agreement.
(c) Notwithstanding subsection 4.01(b), it is agreed by each of the parties that prior to the Shortfall Acres Acquisition Date:
(i) the right to make such withdrawal (or withdrawals which, in aggregate, do not exceed such an amount) is not intended to be a cumulative, repetitive or annual right; and
(ii) in the event that any interest in Entitlement Land is Purchased utilizing such funds, the same shall not be eligible to be set apart as an Entitlement Reserve except in accordance with the provisions of this Agreement.
