Common use of Disposition of Interests Clause in Contracts

Disposition of Interests. 5.4.1 Cree Lands shall not be conveyed, transferred or otherwise disposed of by the GDO except to another GDO or to Canada. 5.4.2 Subsection 5.4.1 shall not be construed as preventing the grant by the GDO, for a term of seventy-five (75) year duration or less, of leases, licences or any other interest less than fee simple title in or over Cree Lands or any portion or parcel thereof. 5.4.3 No Person may acquire any estate or interest in Cree Lands by prescription, adverse possession or limitation of action. 5.4.4 Cree title in Cree Lands is not subject to mortgage, attachment, charge, seizure, distress, execution or sale. 5.4.5 In addition to the provisions of section 5.4, any disposition of Lands identified in Schedule 5-2 (Joint Zone) is subject to section 5.7 of the Cree/Inuit Offshore Overlap Agreement.