Annual Distribution, Consolidation, and Harvest. Each Member hereby 1 acknowledges and agrees that the aggregate allocation of Groundfish authorized by Amendment
Annual Distribution, Consolidation, and Harvest. Each Member hereby 41 acknowledges and agrees that the aggregate allocation of Groundfish authorized by 42 Amendment 16 and NMFS to the Sector (“Sector ACE”) shall be harvested in accordance 43 with the Harvesting Rules, which are set forth as Exhibit C hereto, and the provisions for 44 allocation set forth in Exhibit B hereto. Consistent with Exhibit B, prior to the 45 commencement of the Fishing Year, the Board shall make an initial distribution of the 1 Sector’s ACE to members based on the Members’ fishing history (“Individual ACE”).
Annual Distribution, Consolidation, and Harvest. Each Member hereby acknowledges and agrees that the aggregate allocation of Groundfish authorized by Amendment 16 and NMFS to the Sector (the “Sector ACE”) shall be harvested in accordance with the Harvesting Rules, which are set forth as Exhibit C hereto, and the provisions for allocation set forth in Exhibit B hereto. Consistent with Exhibit B, prior to the commencement of the Fishing Year, the Board shall make an initial distribution of the Sector’s ACE to members based on the Members’ fishing history (“Individual ACE”). After the initial allocation of ACE is made, and at any time during the fishing year, Members are free to transfer, lease, or sell any Individual ACE to any other Member consistent with Section 4.09. Members with or without ownership interests in multiple Permits may consolidate ACE to harvest from a single or fewer vessels, provided that the Manager is notified and provides his consent to such transfer. See also Exhibit B and Table B.3. Each Member agrees to, and agrees to cause its Participating Vessels to, exercise all commercially reasonable efforts to (i) assist in harvesting an amount of Groundfish equal to, but not greater than, the Sector ACE, as further set forth on Exhibit C, and (ii) to comply with all of the other Sector requirements set forth in Exhibit B and Exhibit C hereto. If at any time during the fishing year the Board determines that the Sector ACE may not be fully harvested, the Board shall, subject to the provisions of this Section 4.02, seek to redistribute the Sector ACE, through Individual ACE, monthly Sector ACE targets or otherwise, to ensure that the Sector ACE is fully harvested. In addition, to the extent that the Sector ACE is adjusted upward or downward after the commencement of any fishing year, whether by the authority of NMFS, by framework adjustment or by other regulatory action, the Board shall have the authority to redistribute the adjusted Sector ACE through adjustments to Individual ACE, monthly quotas, or otherwise, to ensure that the adjusted Sector ACE is properly harvested by the Members.
Annual Distribution, Consolidation, and Harvest. 37 • Section 4.03. Sector ACE Reserve 38 • Section 4.04. Distribution of Sector ACE Reserve 39 • Section 4.05. Research Reserve 40 • Section 4.06. Distribution of Research Reserve 41 • Section 5.04. Operators 42 • Section 5.10. Potential Redirection of Effort 43 • Section 6.04. Catch Verification 1 • Article VII. ENFORCEMENT (Except Section 7.03.) 2 • Article VIII. EXPULSION OF MEMBERS 3 • Article IX. TERM/TERMINATION 4 • Article X. MISCELLANEOUS
