Common use of Distribution of Reserve Clause in Contracts

Distribution of Reserve. If the Board determines that as of April 1, the ACE pursuant to Section 4.2 has not been fully harvested by the Participating Vessels, the Board may release and authorize the harvesting of the reserve by the Members, their Permits and their Participating Vessels.

Distribution of Reserve. If the Board determines that as of April 1, the ACE pursuant to Section 4.2 has not been fully harvested by the Participating Vessels, the Board may release and authorize the harvesting of the reserve by the Members, their Permits and their Participating VesselsVessels provided all vessels report to the sector manager daily. Alternatively, the Board may decide to carry that reserve forward to the next fishing year.

Distribution of Reserve. ‌ If the Board determines that as of April 1, the ACE pursuant to Section 4.2 in the Reserve has not been fully harvested by the Participating Vessels, the Board may release and authorize the harvesting of the reserve by the Members, their Permits and their Participating Vessels. Alternatively, the Board may decide to carry that reserve forward to the next fishing year.

Distribution of Reserve. If the Board determines that as of April February 1, the ACE pursuant to Section 4.2 in the Reserve has not been fully harvested by the Participating Vessels, the Board may release and authorize the harvesting of the reserve by the Members, their Permits and their Participating VesselsVessels provided all vessels report to the sector manager daily. Alternatively, the Board may decide to carry that reserve forward to the next fishing year.