Harvest Share Reserve Sample Clauses

Harvest Share Reserve. Each Member acknowledges that under NMFS regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems necessary to insure the Sector’s ACE is not over‐ harvested (the “Reserve”). The Reserve for each Allocated Species shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro rata basis, according to their Harvest Share percentages for each such species. The amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the Reserve. The Reserve shall be managed under a “Deemed Value System” (“DVS”) by the Manager in accordance with the terms and conditions adopted by the Board from time to time. If the Board requires that Members pay for distributions from the Reserve, the DVS payments received by the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, such that each Member receives a share of the total amount paid for distributions of each Allocated Species from the Reserve proportionate to the amount of such Allocated Species each Member contributed to the Reserve.
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Harvest Share Reserve. No Reserve is required for FY 2015. Sector Members 7 will not harvest sector ACE. The sector manager will utilize Inter and Intra sector transfers to move ace 8 between members and to fully utilize the ACE allocated to the Sector.
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Harvest Share Reserve. Each Member acknowledges that under NMFS 5 regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE 6 allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further 7 acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties 8 and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the 9 Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems 10 necessary to insure the Sector’s ACE is not over‐harvested (the “Reserve”). The Reserve for each Allocated 11 Species shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro 12 rata basis, according to their Harvest Share percentages for each such species. The amount of each 13 Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the
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Harvest Share Reserve. Each Member acknowledges that under NMFS regulations, 29 the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE allocation, as 1 adjusted by transfers of ACE between the Sector and other sectors. Each Member further acknowledges 2 that under NMFS regulations, each Member may be held jointly liable for fines, penalties and forfeitures 4 annually establish a reserve of each Allocated Species in the amount the Manager deems necessary to 5 insure the Sector’s ACE is not over-harvested (the “Reserve”). The Reserve for each Allocated Species 6 shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro rata 7 basis, according to their Harvest Share percentages for each such species. The amount of each 8 Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the
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Harvest Share Reserve. 7.2 Harvest Share Use.
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Harvest Share Reserve. Each Member acknowledges that under NMFS 7 regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE 8 allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further 9 acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties 10 and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the 11 Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems 13 Allocated Species shall be established by assessing the Members’ Harvest Shares for such Allocated 14 Species on a pro rata basis, according to their Harvest Share percentages for each such species. The 15 amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount 17 the Manager in accordance with the terms and conditions adopted by the Board from time to time. If 18 the Board requires that Members pay for distributions from the Reserve, the DVS payments received by 19 the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, 20 such that each Member receives a share of the total amount paid for distributions of each Allocated 21 Species from the Reserve proportionate to the amount of such Allocated Species each Member
Sample 1
Harvest Share Reserve. No Reserve is required for FY 2017. Sector Members 21 will not harvest sector ACE. The sector manager will utilize Inter and Intra sector transfers to move ace 22 between members and to fully utilize the ACE allocated to the Sector.
Sample 1
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Harvest Share Reserve. No Reserve is required for FY 2019. Sector Members 8 between members and to fully utilize the ACE allocated to the Sector.
Sample 1
Harvest Share Reserve 
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Related to Harvest Share Reserve

  • Harvest Share Use Section 7.2 is administrative except to the extent that it applies to the 17 Sector managers ability to impose and utilize legal means to recover Liquated damages as 18 authorized in section §10.10 of this agreement, in which case NMFS enforcement procedures 19 may apply.

  • Subsequent Adjustments In the event that the Assuming Institution or the Receiver discovers any errors or omissions as contemplated by Section 8.2 or any error with respect to the payment made under Section 8.3 after the Settlement Date, the Assuming Institution and the Receiver agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 8.4.

  • Adjustment of Number of Common Shares and Exercise Price The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:

  • Shares The term “

  • Non pre-priced Adjustment Factor To be applied to Work deemed not to be included in the CTC but within the general scope of the work:

  • Reserved for Future Use 51.0 Reserved for Future Use

  • Cost Share Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.

  • Time Off in Lieu of Overtime Employees who work overtime will not be required to take time off in regular hours to make up for overtime worked. Time off in lieu may be taken on a mutually agreed upon basis between the employee and the Hospital, such time off will be the equivalent of the premium rate the employee has earned for working overtime. The Hospital shall revert to payment of premium rate if time off is not taken within sixty (60) calendar days."

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