Common use of Distribution of Sector ACE Reserve Clause in Contracts

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 establishment of a reserve pursuant to Section 4.03 hereof, determines that the Sector ACE, as 36 adjusted pursuant to Section 4.03, will be harvested by the Participating Vessels, the Board shall 37 release and authorize the harvesting of the reserve by the Members. Such release and 38 authorization shall be conducted in a manner consistent with all other requirements herein and 39 any additional Board requirements approved as part of the authorization in order to ensure the 40 Sector ACE is not exceeded.

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 establishment of a reserve pursuant to Section 4.03 hereof, determines that the Sector ACE, as 36 adjusted pursuant to Section 4.03, will be harvested by the Participating Vessels, the Board shall 37 release and authorize the harvesting of the reserve by the Members. Such release and 38 authorization shall be conducted in a manner consistent with all other requirements herein and 39 any additional Board requirements approved as part of the authorization in order to ensure the 40 Sector ACE is not exceeded.

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 33 establishment of a reserve pursuant to Section 4.03 hereof, determines that the Sector Xxxxxx 00 ACE, as 36 adjusted pursuant to Section 4.03, will be harvested by the Participating Vessels, 35 the Board shall 37 release and authorize the harvesting of the reserve by the Members. Such 36 release and 38 authorization shall be conducted in a manner consistent with all other 37 requirements herein and 39 any additional Board requirements approved as part of the 38 authorization in order to ensure the 40 Sector ACE is not exceeded.

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 2 establishment of a reserve pursuant to Section 4.03 hereof, determines that the Sector Xxxxxx 0 ACE, as 36 adjusted pursuant to Section 4.03, will be harvested by the Participating Vessels, 4 the Board shall 37 release and authorize the harvesting of the reserve by the Members. Such 5 release and 38 authorization shall be conducted in a manner consistent with all other 6 requirements herein and 39 any additional Board requirements approved as part of the 7 authorization in order to ensure the 40 Sector ACE is not exceeded.

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 5 establishment of a reserve pursuant to Section 4.03 hereof, determines that the Sector Xxxxxx 0 ACE, as 36 adjusted pursuant to Section 4.03, will be harvested by the Participating Vessels, 7 the Board shall 37 release and authorize the harvesting of the reserve by the Members. Such 8 release and 38 authorization shall be conducted in a manner consistent with all other 9 requirements herein and 39 any additional Board requirements approved as part of the 10 authorization in order to ensure the 40 Sector ACE is not exceeded.

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 27 establishment of a reserve pursuant to Section 4.03 hereof, determines that the Sector ACE, as 36 28 adjusted pursuant to Section 4.03, will be harvested by the Participating Vessels, the Board shall 37 29 release and authorize the harvesting of the reserve by the Members. Such release and 38 30 authorization shall be conducted in a manner consistent with all other requirements herein and 39 31 any additional Board requirements approved as part of the authorization in order to ensure the 40 32 Sector ACE is not exceeded.

Distribution of Sector ACE Reserve. If the Board, subsequent to the 35 establishment 43 of a reserve pursuant to Section 4.03 hereof, determines that the Sector ACE, as 36 adjusted 44 pursuant to Section 4.03, will be harvested by the Participating Vessels, the Board shall 37 release 45 and authorize the harvesting of the reserve by the Members. Such release and 38 authorization shall 46 be conducted in a manner consistent with all other requirements herein and 39 any additional Board 1 requirements approved as part of the authorization in order to ensure the 40 Sector ACE is not 2 exceeded.