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

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

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

Application of Penalties, Fines and Damages. All penalties, fines and/or 16 other 13 damages paid to the Sector shall, first, be applied to the cost of enforcement of such 17 violations 14 and, second, any remaining amounts shall be applied to the costs and expenses 18 of the 15 administration, management and preservation of the Sector. Any funds remaining 19 after the 16 application of the foregoing sentence shall be used to further research into 20 efficient management 17 of groundfish stocks for the benefit of the resource and those that 21 harvest the resource; provided 18 that any such use of funds shall comply with all applicable 22 laws, including the provisions of the 19 Internal Revenue Code, as amended, that may apply 23 to the Sector from time to time.

Application of Penalties, Fines and Damages. All penalties, fines and/or 23 other 13 damages paid to the Sector shall, first, be applied to the cost of enforcement of such 24 violations 14 and, second, any remaining amounts shall be applied to the costs and expenses 25 of the 15 administration, management and preservation of the Sector. Any funds remaining 26 after the 16 application of the foregoing sentence shall be used to further research into 27 efficient management 17 of groundfish stocks for the benefit of the resource and those that 28 harvest the resource; provided 18 that any such use of funds shall comply with all applicable 29 laws, including the provisions of the 19 Internal Revenue Code, as amended, that may apply 30 to the Sector from time to time.

Application of Penalties, Fines and Damages. All penalties, fines and/or other 13 38 damages paid to the Sector shall, first, be applied to the cost of enforcement of such violations 14 39 and, second, any remaining amounts shall be applied to the costs and expenses of the 15 40 administration, management and preservation of the Sector. Any funds remaining after the 16 41 application of the foregoing sentence shall be used to further research into efficient management 17 42 of groundfish stocks for the benefit of the resource and those that harvest the resource; provided 18 43 that any such use of funds shall comply with all applicable laws, including the provisions of the 19 44 Internal Revenue Code, as amended, that may apply to the Sector from time to time.