TRANSFER OF REVENUES. 6.1 Following the date that the Land Code comes into force, Canada shall transfer the revenue moneys referred to in section 19 of the Act and clause 12.8 of the Framework Agreement to the First Nation in accordance with the provisions set out in Annex “B”.
6.2 Revenue moneys transferred pursuant to clause 6.1 shall be deposited in the First Nation’s account at such financial institution as the First Nation may direct by notice in writing.
6.3 For greater certainty, the transfer of the revenue moneys does not release the First Nation from its commitment to reimburse Canada for any amount paid as a result of a default under any loan entered into by the First Nation or any of its members and guaranteed by Canada in accordance with the terms and conditions relating to ministerial loan guarantees.
6.4 For greater certainty, all Indian moneys deemed to be capital moneys pursuant to section 62 of the Indian Act are not to be transferred to the First Nation pursuant to this Agreement.
TRANSFER OF REVENUES. 9.1 The Licensee shall own all revenues and accounts receivable generated by the Business during the Term.
9.2 The Licensor shall collect all revenues generated by the Business and any monies owed to the Licensee in connection with the Business. The Licensor shall transfer any monies collected to the Licensee on a monthly basis.
9.3 The Licensor shall keep and maintain accurate and adequate books and records of the revenue generated by the Business any monies owed to the Licensee in connection with the Business. The Licensee shall be allowed to conduct on-site audit of any such books or records upon reasonable notice.
9.4 On or before the fifteen day of each month, the Licensor shall render a report to the Licensee setting out, inter alia, the revenue generated and monies collected during the period commencing on the first day of the previous month and ending on the last day of the previous month (the “Reported Month”) in full detail (the “Month End Report”).
9.5 The Licensor shall transfer to the Licensee the monies collected in full amount as set forth in the Month End Report no later than 30 days after the last day of the Reported Month.
9.6 Notwithstanding any dispute concerning, arising out of or in connection with any Month End Report or the amount to be transferred to the Licensee for any given Reported Month, the Licensor shall, in accordance with Clauses 9.4 and 9.5, transfer the monies collected for such Reported Month, and continue to render Month End Report to the Licensee and transfer any monies collected for any subsequent Reported Month.
9.7 In case of any dispute concerning, arising out of or in connection with any Month End Report or the amount to be transferred to the Licensee for any given Reported Month, the Licensee’s determination shall be final and binding on the Parties.
TRANSFER OF REVENUES. Each designated airline may on demand convert and remit local revenues in excess of sums locally disbursed to the country of its choice. Prompt conversion and remittance shall be permitted without restrictions at the rate of exchange applicable to current transactions which is in effect at the time such revenues are presented for conversion and remittance, and shall not be subject to any charges except those normally made by banks for carrying out such conversion and remittance.
TRANSFER OF REVENUES. This section obligates Canada to transfer to the (Insert name of FN) any monies that it holds in trust for the use and benefit of the (Insert name of FN) and any revenues it receives from reserve lands. Canada will transfer to the (Insert name of FN) the amount of (Insert the amount to be transferred) that is currently held in the (Insert name of FN) Revenue Account. The procedures for the transfer of funds are set out in “Annex B”.
TRANSFER OF REVENUES. This section obligates Canada to transfer to Xxxxxxxxxx First Nation any moneys it holds in trust for the use and benefit of Xxxxxxxxxx First Nation and any revenues it receives from reserve lands. Canada will transfer to Xxxxxxxxxx First Nation the amount of $48, 065.31 that is currently held in the Xxxxxxxxxx First Nation Revenue Account. The procedures for the transfer of funds are set out in “Annex B”.
TRANSFER OF REVENUES. Each Contracting Party grants to the designated airline of the other Contracting Party the right of free transfer in any freely convertible currencies in accordance with the foreign exchange regulations in force, of the excess of receipts over expenditure earned by that airline in its territory in connection with the carriage of passengers, mail and cargo.
TRANSFER OF REVENUES. Each Contracting Party shall grant to the designated airlines of the other Contracting Party the right of transfer of excess of receipts over expenditure earned by the airlines in the territory of the first Contracting Party in connection with the carriage of passengers, mail and cargo, in any freely convertible currencies in accordance with the foreign exchange regulations in force.
TRANSFER OF REVENUES. Obligates Canada to transfer to Cowichan Tribes any moneys it holds in trust for the use and benefit of Cowichan Tribes and any revenues it receives from reserve lands.
TRANSFER OF REVENUES. This section obligates Canada to transfer any land-related revenues it holds in trust for the use and benefit of Tahltan Band. The procedures for the transfer of funds and the transfer amount are set out in Annex B.
TRANSFER OF REVENUES. This section obligates Canada to transfer to Bingwi Neyaashi Anishinaabek any moneys it holds in trust for the use and benefit of Bingwi Neyaashi Anishinaabek and any revenues it receives from reserve lands. As of the 3rd day of July, 2013, Canada is holding $2,989.43 of revenue money currently held in the Bingwi Neyaashi Anishinaabek Revenue Account. Canada will transfer to Bingwi Neyaashi Anishinaabek all the revenue held in this account once the Land Code takes effect. The procedures for the transfer of funds are set out in “Annex B”.
