Unsigned First Nations Sample Clauses

Unsigned First Nations. The General Partner will use its good faith reasonable efforts to explain to any Unsigned First Nation the benefits of this Agreement to such Unsigned First Nation in order that such Unsigned First Nation can determine whether it will execute a Joinder Agreement and become a Limited Partner.‌
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Unsigned First Nations. ‌ (a) Each of OFNLP and OFNLP 2008 covenants and agrees that it shall use its good faith reasonable efforts to explain to any Unsigned First Nation the benefits of this Agreement to such Unsigned First Nation in order that such Unsigned First Nation can determine whether it will become an OFNLP 2008 Limited Partner. (b) OFNLP 2008 covenants and agrees that the OFNLP 2008 Partnership Agreement provides and will continue to provide during the Initial Term and the Renewal Term that OFN 2008 General Partner will hold in a segregated account for each Unsigned First Nation all monies to which such Unsigned First Nation would be entitled to have distributed to it under this Agreement and the OFNLP 2008 Partnership Agreement if such Unsigned First Nation had been an OFNLP 2008 Limited Partner at the Effective Date (all such monies the “Held Amounts” and individually, a “Held Amount”) and that each such Held Amount will not be distributed to any Person except as provided in this Agreement and in section 5.2 of the OFNLP 2008 Partnership Agreement. OFNLP 2008 and the Province shall review this section 3.1 at the end of each fiscal year of OFNLP 2008 and determine whether the Held Amounts should continue to be held by OFN 2008 General Partner or otherwise used as provided in section 5.2 of the OFNLP 2008 Partnership Agreement. (c) OFN 2008 General Partner shall pay out of the Held Amount attributable to an Unsigned First Nation (but not otherwise), such amounts as are necessary in order to satisfy all Losses which are suffered by the Province, OLG or by any other Agent of the Province or any of their respective directors, officers, employees, servants or agents (each of the foregoing a "Protected Party" and all of the foregoing collectively, the "Protected Parties") and which are attributable to or arise out of or in connection with any claim (such claims an “Unsigned First Nation Claim”) by any Unsigned First Nation: (i) related to the execution and delivery of this Agreement and the Closing Agreement by OFNLP 2008 or the completion of the Closing including, without limitation, the discontinuance of the 20% Litigation; (ii) that it has an interest in the subject matter of this Agreement or the OFNLP 2008 Partnership Agreement, that is not subject to or adequately provided for or is inappropriately provided for in the terms of this Agreement, the Closing Agreement or the OFNLP 2008 Limited Partnership Agreement; (iii) that it has an interest in the CRRA or the OFNLP ...
Unsigned First Nations. 2.15.1 Capitalized terms used in this Section 2.15 but not otherwise defined in this Agreement shall have the respective meanings given to them in the OFN Limited Partnership Agreement. 2.15.2 The parties acknowledge and agree that Section 5.3 of the OFN Limited Partnership Agreement includes certain provisions dealing with Unsigned First Nations. 2.15.3 OFN Limited Partnership represents and warrants that the OFN Limited Partnership Agreement shall provide that OFN General Partner will hold in a segregated account all amounts to which Unsigned First Nations would be entitled had they been Limited Partners (the "Held Amounts" and individually, a "Held Amount") and that each such amount will not be distributed to any person other than the Unsigned First Nation to which it relates except as provided in this Section 2.15 hereof and in Section 5.3 of the OFN Limited Partnership Agreement. OFN Limited Partnership and the Province shall review this Section

Related to Unsigned First Nations

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