Annual Distributions and Transfers. 5.01.1. Each Member hereby acknowledges and agrees that the Total Allowable Catch (“TAC”) allocated by NMFS to the Sector (the "Annual Catch Entitlement" or “ACE”) shall be harvested in accordance with the initial Harvest Plan which is set forth as Exhibit B hereto, or as subsequently adopted or amended by the Board or Sector Manager in order to comply with applicable Sector laws and rules.
Appears in 2 contracts
Samples: Sector Membership Agreement and Operations Plan, Sector Membership Agreement
Annual Distributions and Transfers. 5.01.1. Each Member hereby acknowledges and agrees that the portion of the Total Allowable Catch (“TAC”) allocated by NMFS to the Sector (the "Annual Catch Entitlement" or “ACE”) shall be harvested in accordance with the initial Harvest Plan which is set forth as Exhibit B hereto, or as subsequently adopted or amended by the Board or Sector Manager in order to comply with applicable Sector laws and rules.
Appears in 2 contracts
Samples: Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan
Annual Distributions and Transfers. 5.01.1. Each Member hereby acknowledges and agrees that the Total Allowable Catch (“TAC”) allocated by NMFS to the Sector (the "Annual Catch Entitlement" or “ACE”) shall be harvested in accordance with the initial Harvest Plan which is are set forth as Exhibit B hereto, or as subsequently adopted or amended by the Board or Sector Manager in order to comply with applicable Sector laws and rules.
Appears in 2 contracts
Samples: Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan
