Band Account definition

Band Account means the account of the Band established by the Chief and Council of the Band at the Institution;
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Band Account means a bank account in the name of the Band on which Lakes does not have signatory authority, which account is designated by the Band pursuant to ss. 13(a) of this Agreement to receive transfers from the Account on account of the Transition Loan and the Non-Gaming Acquisition Line of Credit and $900,000 of the Signing Fee.
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Band Account means the account of the First Nation to be established by the Chief and Council on behalf of the First Nation at a financial institution for the specific purposes required under this Agreement;
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Examples of Band Account in a sentence

  • The expenditure of funds in the Band Account shall be governed by the laws, policies and bylaws of the First Nation in effect from time to time.

  • To assist the Trustee the First Nation, immediately upon the opening of the Band Account, will provide the details of the account to the Trustee.

  • Subject to section 26.02, any revenues received from the Land prior to it being set apart as a Reserve shall be collected by the Holding Corporation, on behalf of and as agent for the First Nation, shall be deposited by the Holding Corporation on behalf of the First Nation on a yearly basis into the Band Account, and shall be administered in accordance with the terms of this Agreement.

  • As soon as is reasonably possible after the execution of this Agreement, and if possible prior to the deposit of the Settlement Monies with the Trustee, the First Nation shall cause to be opened the Band Account, the Authorized Expense Account and a separate account established by the First Nation at a financial institution for the purpose of making the per capita distributions.

  • All Revenues Realized shall be transferred and deposited by the Trustee into the Band Account.

  • The First Nation shall not lend, invest, release, distribute or advance in any way, including to themselves or any other Person, the funds in the Band Account except as may be specifically authorized in this Agreement.

  • Funds transferred by the Trustee to the First Nation and into the Band Account, Authorized Expense Account or separate account established by the First Nation for the purpose of making the per capita distributions are not Trust Property and the Trustee has no responsibility for the funds once deposited into the accounts.

  • A credit card or Band Account ACH Transaction must be on file and will be charged automatically every month.

  • Notwithstanding section 22.01, and after all monies in the Band Account have been paid as otherwise required by this Agreement, the Chief and Council shall be entitled to pay, in the aggregate, up to $20,000 per Fiscal Year from the Band Account for Band Development without having to get approval of the Eligible Members in accordance with section 27.01.

  • The First Nation and the Chief and Council shall have the responsibility for the funds disbursed to the Band Account, to the Authorized Expense Account and to the First Nation.

Related to Band Account

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Investment Account As defined in Section 3.12(a).

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Credit Account is modified to read “Grant Account”.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.