Amendments to the Gwich'in Comprehensive Land Claim Agreement

Amended - P.C. 2002-1071 - June 13, 2002

"Royalty" means any payment, whether in money or in kind, in respect of production of a resource in, on or under the Mackenzie Valley, including the Norman Wells Proven Area described in Chapter 9, paid or payable to government because the Crown is the owner of the resource prior to the production of the resource, including without limiting the generality of the forgoing, the payment to government under the Frontier Lands Petroleum Royalty Regulations passed pursuant to the Canada Petroleum Resources Act, R.S.C 1985, c. 36, or any successor legislation. For greater certainty, "royalty" does not include any payment: ^{Footnote 1}

1. whether in money or in kind, to government as owner or part owner of the produced resource, including without limiting the generality of the foregoing, the payment to government pursuant to clause 18 of the Proven Area Agreement;
2. whether in money or in kind, by way of transfer between governments;
3. for a service;
4. for the issuance of a right or interest; or
5. for the granting of an approval or authorization.

Amended - P.C. 2003-126 - February 6, 2003

"Royalty" means any payment, whether in money or in kind, in respect of production of a resource in, on or under the Mackenzie Valley, including the Norman Wells Proven Area, paid or payable to government because the Crown is the owner of the resource prior to the production of the resource, including without limiting the generality of the foregoing, the payment to government under the Frontier Lands Petroleum Royalty Regulations passed pursuant to the Canada Petroleum Resources Act, R.S.C 1985, c.36, or any successor legislation. For greater certainty, "royalty" does not include any payment:

1. whether in money or in kind, to government as owner or part owner of the produced resource, including without limiting the generality of the foregoing, the payment to government pursuant to clause 18 of the Proven Area Agreement;
2. whether in money or in kind, by way of transfer between governments;
3. for a service;
4. for the issuance of a right or interest; or
5. for the granting of an approval or authorization.

Amended - P.C. 2003-932 - June 12, 2003

Article 11, Schedule I, Chapter 11

Distributing to participants, within the first 15 years from the date of settlement legislation, capital up to a maximum cumulative amount per participant, expressed in dollars, equal to the product of 3,541 and the quotient obtained when the latest available monthly value of the Consumer Price lndex ("CPI") at the time the distribution is made is divided by the CPI in respect of April 1991.

Amended - P.C. 2003-998 - June 18, 2003

11.3.3 (e) A settlement corporation shall not acquire an interest in a partnership or trust other than an interest that is an investment described in schedule II to this chapter, or a small business investment limited partnership or small business investment trust as defined in the federal Tax Act, unless it is to realize on a security held by the settlement corporation, in which case its interest shall be disposed of within a reasonable period not to exceed six months. A settlement corporation shall not provide any loans to a partnership or a trust other than a small business investment limited partnership or a small business investment trust as defined in the federal Tax Act unless the loan is provided in the course of carrying on a permitted activity under schedule I to this chapter.

Revised - P.C. 2007-1886 - December 6, 2007

Chapter 11, Annex I, Item 11

Capital Distribution

Distributing to participants, within the first 25 years from the date of settlement legislation, capital up to a maximum amount per participant, expressed in dollars, equal to the product of 3,541 and the quotient obtained when the latest available monthly value of the Consumer Price Index (CPI) at the time of distribution is made is divided by the CPI in respect of April 1991.