Distribution of Reserve (Administrative only). 5.03.1. If the Board, subsequent to the establishment of a reserve pursuant to Section 5.02 hereof, determines that the ACE, as adjusted pursuant to Section 5.02, will be fully harvested by the Participating Vessels, the Board shall release and authorize the harvesting of the reserve by the Members, their Permits and their Participating Vessels.
Appears in 4 contracts
Samples: Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan
Distribution of Reserve (Administrative only). 5.03.1. If the Board, subsequent to the establishment of a reserve pursuant to Section 5.02 4.02 hereof, determines that the ACE, as adjusted pursuant to Section 5.024.02, will be fully harvested by the Participating Vessels, the Board shall release and authorize the harvesting of the reserve by the Members, their Permits and their Participating Vessels.
Appears in 2 contracts
Samples: Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan
