Shortfall Acres definition

Shortfall Acres means the area of Land (including all existing Minerals in respect thereof), expressed in acres other than the Band’s existing Reserve that is, as of the Execution Date, to be set apart as an Entitlement Reserve pursuant to Treaty Number Four as set out in section 2.03;
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Shortfall Acres in respect of a particular Entitlement Band, means that area of Land (including all existing Minerals in respect thereof), the total acreage of which is set forth in column 4 of Schedule 1;
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Shortfall Acres means, in respect of a particular Entitlement Band or the Nekaneet Band, that area of land (including all existing minerals and improvements in respect thereof), the total acreage of which is set forth in respect of each such Entitlement Band and the Nekaneet Band in Schedule 1;
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Examples of Shortfall Acres in a sentence

  • The Band agrees that the area of any Undeveloped Road Allowance or Provincial Road which has been transferred to Canada under this Article shall not be used in determining whether the Band has attained its Shortfall Acres or Equity Quantum for the purposes of this Agreement.

  • From and after the Band's Shortfall Acres Acquisition Date, the surface of Land may be Purchased without acquiring all, or any, of the underlying Minerals, provided, however, eligibility of such Land for creation as an Entitlement Reserve shall be subject to the terms and conditions of this Article and Article 11.

  • The parties agree that, from and after the Band's Shortfall Acres Acquisition Date, freehold or federally held Minerals, or any interest therein, may he Purchased without the Band having to Purchase the surface of the Land.

  • From and after the Shortfall Acres Acquisition Date, the surface of Land may be Purchased without acquiring all, or any, of the underlying Minerals, provided, however, eligibility of such Land for creation as an Entitlement Reserve shall be subject to the terms and conditions of this Article and Article 11.

  • From and after an Entitlement Band's Shortfall Acres Acquisition Date, the surface of Land may be Purchased without acquiring all, or any, of the underlying Minerals, provided, however, eligibility of such Land for creation as an Entitlement Reserve shall be subject to the terms and conditions of this Article and Article 11.

  • Each Entitlement Band agrees that the area of any Undeveloped Road Allowance or Provincial Road which has been transferred to Canada under this Article shall not be used in determining whether an Entitlement Band has attained its Shortfall Acres, Equity Quantum or Saskatchewan Formula Quantum for the purposes of this Agreement or its Band Specific Agreement.

  • The parties agree that, from and after an Entitlement Band's Shortfall Acres Acquisition Date, freehold or federally held Minerals, or any interest therein, may he Purchased without the Entitlement Band having to Purchase the surface of the Land.

  • The Entitlement Bands agree that, prior to their Shortfall Acres Acquisition Date, all Entitlement Land Purchased shall include all Minerals and shall be free and clear of all Mineral Dispositions and, in the case of Land in respect of which all the underlying Minerals are owned by the provincial or federal Crown, such Minerals shall not, in the case of provincial Crown Minerals, be the subject of any Public Purposes Plan.

  • The parties agree that, from and after the Shortfall Acres Acquisition Date, freehold or federally held Minerals, or any interests therein, may be Purchased without the Band having to Purchase the surface of the Land.

  • The Minerals Payment for a particular Entitlement Band shall be equal to the product, obtained by multiplying the Shortfall Acres of the Entitlement Band by the sum of Forty-five ($45.00) Dollars per acre.


More Definitions of Shortfall Acres

Shortfall Acres means that area of Land (including all existing Minerals in respect thereof) expressed in acres, the surface area of which is set forth in section
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Related to Shortfall Acres

  • Shortfall Amount as defined in Section 2.6.

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows:

  • Relief Act Interest Shortfall With respect to any Distribution Date and any Mortgage Loan, any reduction in the amount of interest collectible on such Mortgage Loan for the most recently ended calendar month as a result of the application of the Relief Act.

  • Unpaid Interest Shortfall Amount With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

  • Collateral Interest Shortfall shall have the meaning specified in subsection 4.02(c).

  • Net Prepayment Interest Shortfalls As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.