Common use of Sharing Formula Clause in Contracts

Sharing Formula. 2.1 Subject to Section 2.2 below, the Province will calculate the Forestry Portion of the Funds to be provided to Mushkegowuk Council in accordance with Section 5 of the Agreement, at the times specified in Schedule “C” – Payment Plan, in accordance with the formula set out below: a. For each Agreement FMU, the Province will multiply the FMU Annual Revenue by the Sharing Percentage. FMU Annual Revenues X Sharing Percentage X b. The Province will multiply the product of the resulting number by the First Nation Allocation. First Nation Allocation X Number of FMU First Nations c. The Province will multiply the product of the resulting number by the number of FMU First Nations to arrive at the FMU Annual Funds. = FMU Annual Funds d. The Province will repeat the operations in a. through c. above for each Agreement FMU, and then add all the resulting FMU Annual Funds together to arrive at the Forestry Portion of the Funds for a Fiscal Year. Add all FMU Annual Funds for a Fiscal Year to arrive at the Forestry Portion of the Funds for the Fiscal Year. 2.2 The Province shall include in the calculation of the Forestry Portion of the Funds in accordance with Section 2.1 above, only the First Nation Allocations corresponding to those First Nations specified in Appendix 1 that have delivered a Band Council Resolution to the Province in accordance with Sections 9.3 or 12.9 of the Agreement.

Sharing Formula. 2.1 Subject to Section 2.2 below, the Province will calculate the Forestry Portion of the Funds to be provided to Mushkegowuk Council GCT3 in accordance with Section 5 of the Agreement, at the times specified in Schedule “C” – Payment Plan, in accordance with the formula set out below: a. For each Agreement FMU, the Province will multiply the FMU Annual Revenue by the Sharing Percentage. FMU Annual Revenues X X‌ Sharing Percentage XX‌‌ b. The Province will multiply the product of the resulting number by the First Nation Allocation. First Nation Allocation X X‌ Number of FMU First NationsNations‌ c. The Province will multiply the product of the resulting number by the number of FMU First Nations to arrive at the FMU Annual Funds. = FMU Annual Funds d. The Province will repeat the operations in a. through c. above for each Agreement FMU, and then add all the resulting FMU Annual Funds together to arrive at the Forestry Portion of the Funds for a Fiscal Year. Add all FMU Annual Funds for a Fiscal Year to arrive at the Forestry Portion of the Funds for the Fiscal Year. 2.2 The Province shall include in the calculation of the Forestry Portion of the Funds in accordance with Section 2.1 above, only the First Nation Allocations corresponding to those First Nations specified in Appendix 1 that have delivered a Band Council Resolution to the Province in accordance with Sections 9.3 or 12.9 of the Agreement.

Sharing Formula. 2.1 Subject to Section 2.2 below, the Province will calculate the Forestry Portion of the Funds to be provided to Mushkegowuk Council GCT3 in accordance with Section 5 of the Agreement, at the times specified in Schedule “C” – Payment Plan, in accordance with the formula set out below: a. For each Agreement FMU, the Province will multiply the FMU Annual Revenue by the Sharing Percentage. FMU Annual Revenues X Sharing Percentage X b. The Province will multiply the product of the resulting number by the First Nation Allocation. First Nation Allocation X Number of FMU First Nations c. The Province will multiply the product of the resulting number by the number of FMU First Nations to arrive at the FMU Annual Funds. = FMU Annual Funds d. The Province will repeat the operations in a. through c. above for each Agreement FMU, and then add all the resulting FMU Annual Funds together to arrive at the Forestry Portion of the Funds for a Fiscal Year. Add all FMU Annual Funds for a Fiscal Year to arrive at the Forestry Portion of the Funds for the Fiscal Year. 2.2 The Province shall include in the calculation of the Forestry Portion of the Funds in accordance with Section 2.1 above, only the First Nation Allocations corresponding to those First Nations specified in Appendix 1 that have delivered a Band Council Resolution to the Province in accordance with Sections 9.3 or 12.9 of the Agreement.