Common use of Harvest Share Reserve Clause in Contracts

Harvest Share Reserve. Each Member acknowledges that under NMFS 6 regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE 7 allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further 8 acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties 12 Species shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro 13 rata basis, according to their Harvest Share percentages for each such species. The amount of each 14 Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the

Appears in 1 contract

Samples: Northeast Fishery Sector Operations Plan and Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!