Common use of Conditions Applicable Clause in Contracts

Conditions Applicable. The Chief, as the nominal owner and trustee of the one (1) share of the Land Corporation, or as an officer of the Land Corporation, and(or) the Directors and Officers shall not be entitled to buy, sell, transfer, lease, mortgage, pledge, hypothecate, lien, charge, alienate, grant a right of first refusal or option to purchase or otherwise deal with or encumber either land and(or) the share unless and until Split Lake Cree have duly authorized the trustee and(or) the Directors and Officers as the case may be, to consent to such transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance in accordance with the following procedures: b) a public meeting will be convened in accordance with subsection 11.5.2 of the Indenture at which Chief and Council shall cause to be explained to the Members, the nature and significance of the proposed transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance, including the planned disposition of proceeds arising from such transaction, if any; and, Chief and Council shall ensure that the trustee, Directors and(or) Officers shall not authorize or consent to such transfer, lease, mortgage, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance, unless and until a majority of the Members, eighteen (18) years of age and older, attending at such meeting vote in favour of such authorization and consent, on behalf of Split Lake Cree.

Conditions Applicable. The Chief, as the nominal owner and trustee of the one (1) share of the Land Corporation, or as an officer of the Land Corporation, and(or) the Directors and Officers shall not be entitled to buy, sell, transfer, lease, mortgage, pledge, hypothecate, lien, charge, alienate, grant a right of first refusal or option to purchase or otherwise deal with or encumber either land and(or) the share unless and until Split Lake Cree have duly authorized the trustee and(or) the Directors and Officers as the case may be, to consent to such transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance in accordance with the following procedures: b) a. a public meeting will be convened in accordance with subsection 11.5.2 of the Indenture at which Chief and Council shall cause to be explained to the Members, the nature and significance of the proposed transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance, including the planned disposition of proceeds arising from such transaction, if any; and, , b. Chief and Council shall ensure that the trustee, Directors and(or) Officers shall not authorize or consent to such transfer, lease, mortgage, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance, unless and until a majority of the Members, eighteen (18) years of age and older, attending at such meeting vote in favour of such authorization and consent, on behalf of Split Lake Cree.eighteen

Conditions Applicable. The Chief, as the nominal owner and trustee of the one (1) share of the Land Corporation, or as an officer of the Land Corporation, and(or) the Directors and Officers shall not be entitled to buy, sell, transfer, lease, mortgage, pledge, hypothecate, lien, charge, alienate, grant a right of first refusal or option to purchase or otherwise deal with or encumber either land and(or) the share unless and until Split Lake Cree have duly authorized the trustee and(or) the Directors and Officers as the case may be, to consent to such transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance in accordance with the following procedures: b) a. a public meeting will be convened in accordance with subsection 11.5.2 of the Indenture at which Chief and Council shall cause to be explained to the Members, the nature and significance of the proposed transfer, lease, mortgage, pledge, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance, including the planned disposition of proceeds arising from such transaction, if any; and, , b. Chief and Council shall ensure that the trustee, Directors and(or) Officers shall not authorize or consent to such transfer, lease, mortgage, hypothecation, lien, charge, alienation, right of first refusal, option to purchase or encumbrance, unless and until a majority of the Members, eighteen (18) years of age and older, attending at such meeting vote in favour of such authorization and consent, on behalf of Split Lake Cree.