Consolidation Plan Sample Clauses

Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms and conditions of this Section 7.
Sample 1Sample 2Sample 3See All (66)
AutoNDA by SimpleDocs
Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms 5 and conditions of this Section 7. 7 regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE 8 allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further 9 acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties 10 and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the 11 Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems 12 necessary to insure the Sector’s ACE is not over‐harvested (the “Reserve”). The Reserve for each 13 Allocated Species shall be established by assessing the Members’ Harvest Shares for such Allocated 14 Species on a pro rata basis, according to their Harvest Share percentages for each such species. The 15 amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount 16 assessed for the Reserve. The Reserve shall be managed under a “Deemed Value System” (“DVS”) by 17 the Manager in accordance with the terms and conditions adopted by the Board from time to time. If 18 the Board requires that Members pay for distributions from the Reserve, the DVS payments received by 19 the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, 20 such that each Member receives a share of the total amount paid for distributions of each Allocated 21 Species from the Reserve proportionate to the amount of such Allocated Species each Member
Sample 1Sample 2Sample 3See All (6)
Consolidation Plan. The Sector’s ACE shall be utilized in accordance with the terms 7 and conditions of this Section 7.
Sample 1Sample 2Sample 3See All (5)
Consolidation Plan. The Sector is being authorized as a lease only sector for FY 2018.
Sample 1
Consolidation Plan 
Sample 1Sample 2

Related to Consolidation Plan

  • MERGER AND CONSOLIDATION The Company will not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to, any Person, unless:

  • Consolidation The Employer may consolidate grievances arising out of the same set of facts.

  • Consolidation of Grievances If the grievance involves a group of employees or if a number of employees file separate grievances on the same matter, the grievances shall, whenever possible, be handled as a single grievance.

  • Consolidation or Joinder § 8.3.4.1 Either party, at its sole discretion, may consolidate an arbitration conducted under this Agreement with any other arbitration to which it is a party provided that (1) the arbitration agreement governing the other arbitration permits consolidation; (2) the arbitrations to be consolidated substantially involve common questions of law or fact; and (3) the arbitrations employ materially similar procedural rules and methods for selecting arbitrator(s).

  • Merger The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

  • Merger or Consolidation Section 8.11

  • BIDS/PROPOSALS INCORPORATED In addition to the whole Agreement, the following documents listed in order of priority are incorporated into the Agreement by reference: Bid/Proposal Specifications and Contractor’s Response to the Bid/Proposal.

Time is Money Join Law Insider Premium to draft better contracts faster.