Entitlement Monies definition

Entitlement Monies means the monies (together with any accrued interest thereon) due to the Band and paid or to be paid to the Trust Account pursuant to section 3.01 and 3.02, which monies are to be used by the Band for the purposes set out in section 4.01 of this Agreement;
Sample 1Sample 2Sample 3
Entitlement Monies means, in respect of a particular Entitlement Band, those monies payable to an Entitlement Band (together with any accrued interest thereon) which are being paid to such Entitlement Band, at the direction of the Entitlement Band hereunder, to its Trust Account, as calculated in accordance with Article 3 (being the aggregate of its Equity Payment, Minerals Payment and, if applicable, Honour Payment), the total of which is set forth in column 16 of Schedule 1;
Sample 1Sample 2Sample 3
Entitlement Monies means the monies deposited to the Trust Account pursuant to the TLE Settlement Agreement, to be used by the First Nation for the purposes set out in the TLE Settlement Agreement and this Agreement;
Sample 1

Examples of Entitlement Monies in a sentence

  • All interest payments payable hereunder shall accrue to the benefit of the Band and shall be deposited into the Trust Account by Canada concurrent with the payment of Entitlement Monies pursuant to subsection 3.01(b) and shall constitute part of the Entitlement Monies for the purpose of the Trust Agreement.

  • All interest payments payable hereunder by Saskatchewan shall accrue to the benefit of the Band and shall (after receipt by Canada from Saskatchewan) be deposited by Canada into the Trust Account and shall constitute part of the Entitlement Monies.

  • Except as may be permitted pursuant to section 4.12, Canada and Saskatchewan and the Band agree that all Entitlement Monies to be paid to the Band pursuant to this Agreement are being paid by Canada from the Treaty Land Entitlement (Saskatchewan) Fund, at the direction of the Band, to the Trust Account, and such Entitlement Monies shall thereafter be administered by the Trustees upon the trusts set forth in and subject to the terms and conditions of the Trust Agreement.

  • Canada and Saskatchewan acknowledge that the Entitlement Monies placed into the Treaty Land Entitlement (Saskatchewan) Fund and as may be subsequently paid to the Band and deposited into its Trust Account, are monies given to the Band under this Agreement in fulfillment of Canada's Treaty land entitlement obligations in respect of the Band.

  • Canada and Saskatchewan acknowledge that the Entitlement Monies placed into the Treaty Land Entitlement (Saskatchewan) Fund and as may be subsequently paid to the Band and deposited into its Trust Account, are monies given to the Band under this Agreement in fulfilment of Canada's Treaty land entitlement obligations in respect of such Entitlement Bands.

  • No Purchase of Entitlement Land (which, for greater certainty, must include all Minerals and Improvements) shall be made prior to the Shortfall Acres Acquisition Date if the average Price per acre (including all amounts required to Purchase the associated Minerals and Improvements and to pay related Acquisition Costs) for that Purchase would exceed the amount of the Entitlement Monies divided by the Shortfall Acres, which Canada and the Band agree is $485.85 per acre.

  • Canada and the Band agree that the Entitlement Monies of the Band is the sum of Seven Million Nine Hundred Sixty-Three Thousand Nine Hundred and Ninety-Three ($7,963,993.00) Dollars.

  • Canada and Saskatchewan acknowledge that the Entitlement Monies deposited into the Trust Account, are monies given to the Band under this Agreement in fulfilment of Canada's Treaty land entitlement obligation in respect of the Band.

  • Canada shall deposit the Entitlement Monies due to the Band into the Trust Account at the Institution for the purpose and with the intention stated in section 4.01 of this Agreement.

  • Canada shall, and the Band hereby authorizes and directs Canada to, deposit the Entitlement Monies in the amount of Seven Million Nine Hundred Sixty-Three Thousand Nine Hundred and Ninety-Three ($7,963,993.00) Dollars due to the Band into the Trust Account at the Institution for the purpose and with the intention stated in Section 4.01 of this Agreement.

Related to Entitlement Monies

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.