Tsleil Clause Samples

Tsleil. Waututh Nation will establish and throughout the Term maintain a bank account in the name of Tsleil-Waututh Nation (or the Designate, as the case may be) at a Canadian financial institution into which direct deposits can be made by British Columbia for the purpose of receiving monies payable by British Columbia pursuant to this Agreement (the “Payment Account”). Tsleil-Waututh Nation will provide to British Columbia sufficient address and account information respecting the Payment Account to enable British Columbia to make direct deposit payments to the Payment Account.

Tsleil. Waututh and the Designated Company have agreed that, as a condition of the transfer of the Lands, the Designated Company will execute and deliver this Agreement on the terms set out below.

Tsleil. Waututh represents and warrants to British Columbia, with the intent and understanding that British Columbia will rely on such representations and warranties in entering into this Agreement, that: (a) Tsleil-Waututh has the legal power, capacity and authority to enter intothis Agreement on behalf of the Members;

Tsleil. Waututh Nation covenants and agrees as follows: 6.1.1 Within 60 days of the Effective Date of this Agreement, Tsleil- Waututh Nation or its Designate will prepare a statement of community priorities covering the term of the Agreement, substantially in the form set out in Appendix E that outlines activities it intends to fund to help achieve the socio-economic objectives identified in section 2.2. This statement will outline the community priorities based on the First Fiscal Year Revenue Sharing Contribution. 6.1.2 Before the end of each BC Fiscal Year, Tsleil-Waututh Nation or its Designate will update the statement of community priorities identified in section 6.1.1 based on the updated Revenue Sharing Contribution described in section 3.5. 6.1.3 Within 90 days of the end of each BC Fiscal Year, Tsleil-Waututh Nation or its Designate will prepare an annual report, substantially in the form set out in Appendix F, identifying all expenditures made from the Payment Account since the date of the last such report (or, in the case of the first such report, since the Effective Date of this Agreement) and confirming that, aside from reasonable administrative expenses, all such expenditures were made for the purpose of accomplishing the purposes and objectives referred to in section 2.0. 6.1.4 British Columbia retains the right at its sole discretion, such discretion to be exercised reasonably, to require an audit of expenditures made from the Payment Account to ensure that all such expenditures were made for appropriate purposes under this Agreement, such audit to be at the expense of the Tsleil-Waututh Nation or its Designate. 6.1.5 The documents referred to in sections 6.1.1, 6.1.2, and 6.1.3 will be published by Tsleil-Waututh Nation or its Designate in a manner that can reasonably be expected to bring the information to the attention of its communities and the public. 6.1.6 The annual report referred to in section 6.1.3 will be provided to British Columbia within 120 days of the end of each BC Fiscal Year. 6.1.7 Notwithstanding the termination or expiry of this Agreement, Tsleil- Waututh Nation or its Designate will continue to comply with the provisions of section 6.1 until 120 days after it receives the last Revenue Sharing Contribution from British Columbia.

Tsleil. Waututh has taken all necessary actions and has obtained allnecessary approvals to enter into this Agreement on behalf of the Members; and

Tsleil. Waututh being in compliance with all of their material obligations under this Agreement, including annual reporting requirements in accordance with section; and