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

Application of Penalties, Fines and Damages. All penalties, fines and/or 6 other damages paid to the Sector shall, first, be applied to the cost of enforcement of such 7 violations and, second, any remaining amounts shall be applied to the costs and expenses 8 of the administration, management and preservation of the Sector. Any funds remaining 9 after the application of the foregoing sentence shall be used to further research into 10 efficient management of groundfish stocks for the benefit of the resource and those that 11 harvest the resource; provided that any such use of funds shall comply with all applicable 12 laws, including the provisions of the Internal Revenue Code, as amended, that may apply 13 to the Sector from time to time.

Application of Penalties, Fines and Damages. All penalties, fines and/or 6 other 13 damages paid to the Sector shall, first, be applied to the cost of enforcement of such 7 violations 14 and, second, any remaining amounts shall be applied to the costs and expenses 8 of the 15 administration, management and preservation of the Sector. Any funds remaining 9 after the 16 application of the foregoing sentence shall be used to further research into 10 efficient management 17 of groundfish stocks for the benefit of the resource and those that 11 harvest the resource; provided 18 that any such use of funds shall comply with all applicable 12 laws, including the provisions of the 19 Internal Revenue Code, as amended, that may apply 13 to the Sector from time to time.

Application of Penalties, Fines and Damages. All penalties, fines and/or 6 other 11 damages paid to the Sector shall, first, be applied to the cost of enforcement of such 7 violations 12 and, second, any remaining amounts shall be applied to the costs and expenses 8 of the 13 administration, management and preservation of the Sector. Any funds remaining 9 after the 14 application of the foregoing sentence shall be used to further research into 10 efficient management 15 of groundfish stocks for the benefit of the resource and those that 11 harvest the resource; provided 16 that any such use of funds shall comply with all applicable 12 laws, including the provisions of the 17 Internal Revenue Code, as amended, that may apply 13 to the Sector from time to time.

Application of Penalties, Fines and Damages. All penalties, fines and/or 6 7 other damages paid to the Sector shall, first, be applied to the cost of enforcement of such 7 8 violations and, second, any remaining amounts shall be applied to the costs and expenses 8 9 of the administration, management and preservation of the Sector. Any funds remaining 9 10 after the application of the foregoing sentence shall be used to further research into 10 11 efficient management of groundfish stocks for the benefit of the resource and those that 11 12 harvest the resource; provided that any such use of funds shall comply with all applicable 12 13 laws, including the provisions of the Internal Revenue Code, as amended, that may apply 13 14 to the Sector from time to time.

Application of Penalties, Fines and Damages. All penalties, fines and/or 6 16 other damages paid to the Sector shall, first, be applied to the cost of enforcement of such 7 17 violations and, second, any remaining amounts shall be applied to the costs and expenses 8 18 of the administration, management and preservation of the Sector. Any funds remaining 9 19 after the application of the foregoing sentence shall be used to further research into 10 20 efficient management of groundfish stocks for the benefit of the resource and those that 11 21 harvest the resource; provided that any such use of funds shall comply with all applicable 12 22 laws, including the provisions of the Internal Revenue Code, as amended, that may apply 13 23 to the Sector from time to time.