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;
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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;
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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;
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Examples of Entitlement Monies in a sentence

  • 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.

  • 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.

  • She received her PhD Degree in Materials Chemistry and Physics on rare-earth luminescent mate- rials from the Key Laboratory of Trans- parent Optofunctional Inorganic Materi- als of Chinese Academy of Sciences, Shanghai Institute of Ceramics, Chinese Academy of Sciences, China (2011).

  • 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.

  • Payment Period Entitlement Bands will receive their respective portion of the Entitlement Monies over a twelve (12) year period.

  • This Article deals with three separate taxation issues, being the taxability of the Entitlement Monies when paid to the Entitlement Band, the application of the Goods and Services Tax to the acquisition of land, and taxation by Entitlement Bands and Canada of public utility transmission and distribution lines.

  • With respect to the taxation of Entitlement Monies, the Framework Agreement does not attempt to answer the legal question, but it specifically recognizes that the Entitlement Monies are being paid in fulfilment of Canada's Treaty land entitlement obligation.

  • Given the desire on the part of many Entitlement Bands to utilize a portion of their Entitlement Monies for economic development purposes, the potentialfor continued and accelerated acquisition of urban properties by Entitlement Bands was recognized by all parties.

  • Acquisition A great deal of significance is placed upon the requirement for the Bands to Up To use their "Entitlement Monies" to acquire "Entitlement Land" with acreage Shortfall at least equal to the Band's "Shortfall Acres".

  • In other words, the parties agree that the existence of the Framework Agreement, the payment of Entitlement Monies, and the acquisition of land by the Entitlement Bands, was to be treated as a "revenue neutral event vis-a-vis other programs and services.

Related to Entitlement Monies

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

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

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Imposition Deposits are defined in Section 7(a).

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • 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.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • 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.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • 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.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • 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 4.2.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • 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 personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • trust money means money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • 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.

  • Controlled Account means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent and the L/C Issuer.