Common use of Ratification and Implementation Clause in Contracts

Ratification and Implementation. The parties agree that to give effect to any payment by Canada of Entitlement Monies to the Trust Account, this Agreement must first be executed by the Chief and Councillors of the Band (on behalf of the Band and all Members of the Band) and the Trust Agreement, in a form satisfactory to Canada, executed by all the parties thereto, be ratified in accordance with the provisions of this Article, and this Agreement be delivered to Canada for execution. Provided, however, no payment of Entitlement Monies by Canada shall be made unless a duly executed Band Council Resolution, an executed original copy of this Agreement and an original executed Trust Agreement have been delivered by the Band to Canada on the Execution Date and following the acceptance and ratification thereof, as evidenced by an affirmative vote of the majority of the Members on the Band eligible to vote, with such ratification vote to be conducted in accordance with the procedures set out in the Ratification Vote Guidelines and Procedures.