Held Amounts Sample Clauses

Held Amounts. The Partnership covenants and agrees that the Partnership Agreement provides and will continue to provide during the Term that: (a) in accordance with the Partnership Agreement, the General Partner will hold for each Unsigned First Nation all monies to which such Unsigned First Nation would be entitled to have distributed to it under the Partnership Agreement if such Unsigned First Nation had been a Limited Partner at the effective date of such Limited Partner Distribution, (all such monies the “Held Amounts” and individually, a “Held Amount”) and the Partnership may make Permitted Investments with such Held Amounts; (b) subject to the terms of the Partnership Agreement, an Unsigned First Nation, upon becoming a Limited Partner, will be entitled to receive its Held Amount and any Investment Income earned on Permitted Investments; provided however that the Partnership Agreement may provide that such Held Amount will be forfeited by the Unsigned First Nation if such First Nation remains an Unsigned First Nation for a period longer than three years or such other period as may be prescribed by the General Partner pursuant to policies as may be established or adopted by its board of directors from time to time; and (c) each such Held Amount will not be distributed to any Person except as provided in the Partnership Agreement.