Common use of Application of Penalties, Fines and Damages Clause in Contracts

Application of Penalties, Fines and Damages. All penalties, fines and/or other damages paid to the Sector shall, first, be applied to the cost of enforcement of such violations and, second, any remaining amounts shall be applied to the costs and expenses of the administration, management and preservation of the Sector. Any funds remaining after the application of the foregoing sentence shall be used to further research into efficient management of groundfish stocks for the benefit of the resource and those that harvest the resource.

Appears in 7 contracts

Samples: Operations Plan, Operations Plan and Agreement, Operations Plan and Agreement

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Application of Penalties, Fines and Damages. 3 All penalties, fines and/or other damages paid to the Sector shall, first, be applied to the cost of 4 enforcement of such violations and, second, any remaining amounts shall be applied to the costs 5 and expenses of the administration, management and preservation of the Sector. 6 7 Any funds remaining after the application of the foregoing sentence shall be used to further 8 research into efficient management of groundfish stocks for the benefit of the resource and those 9 that harvest the resource.. 10

Appears in 2 contracts

Samples: Membership Contract, Membership Contract

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Application of Penalties, Fines and Damages. All penalties, fines and/or other damages paid to the Sector shall, first, be applied to the cost of enforcement of such violations and, second, any remaining amounts shall be applied to the costs and expenses of the administration, management and preservation of the Sector. Any funds remaining after the application of the foregoing sentence shall be used to further research into efficient and responsible management of groundfish stocks for the benefit of the resource and those that harvest the resource. The Board shall have sole discretion to redistribute ACE seized for penalties.

Appears in 2 contracts

Samples: Operations Plan and Agreement, Operations Plan and Agreement

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