Common use of Harvest Share Transfer Clause in Contracts

Harvest Share Transfer. Subject to the terms and conditions of this Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more Active 25 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 Manager has received actual notice of such transfer. No Member may transfer any portion of such 28 Member’s Harvest Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such 1 terms and conditions as the Board may adopt from time to time, including but not limited to 2 establishment of procedures to implement a Right of First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active Members of other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares to

Harvest Share Transfer. Subject to the terms and conditions of this 29 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more Active 25 1 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 Member(s) 2 may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 Manager has 3 received actual notice of such transfer. No Member may transfer any portion of such 28 Member’s Harvest 4 Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 unless the Board first 5 authorizes such transfer in writing. Any such transfer shall be subject to such 1 terms and conditions as the 6 Board may adopt from time to time, including but not limited to 2 establishment of procedures to 7 implement a Right of First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active 8 Members of other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and 9 conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of Directors may 10 condition, review, approve and restrict transfers of Harvest Shares toto non‐Members as it deems necessary 11 to promote the harvest of the Sector’s entire ACE allocation and ensure that the Sector’s management 12 and administrative costs can be recouped through reasonable Sector membership fees established by the 13 Board.

Harvest Share Transfer. Subject to the terms and conditions of this 5 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more 6 Active 25 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 7 Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 8 Manager has received actual notice of such transfer. No Member may transfer any portion of such 28 9 Member’s Harvest Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 10 unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such 1 11 terms and conditions as the Board may adopt from time to time, including but not limited to 2 12 establishment of procedures to implement a Right of First Offer (the “ROFO”) that is extended to Active 3 13 Members of the Sector, Active Members of other Northeast Fishery Sectors, and certain other parties in 4 14 accordance with the terms and conditions established by the Board. Without limiting the foregoing, the 5 15 Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares toto 16 non-Members as it deems necessary to promote the harvest of the Sector’s entire ACE allocation and 17 ensure that the Sector’s management and administrative costs can be recouped through reasonable 18 Sector membership fees established by the Board.

Harvest Share Transfer. Subject to the terms and conditions of this 2 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more 3 Active 25 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 4 Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 5 Manager has received actual notice of such transfer. No Member may transfer any portion of such 28 6 Member’s Harvest Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 7 unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such 1 8 terms and conditions as the Board may adopt from time to time, including but not limited to 2 9 establishment of procedures to implement a Right of First Offer (the “ROFO”) that is extended to Active 3 10 Members of the Sector, Active Members of other Northeast Fishery Sectors, and certain other parties in 4 11 accordance with the terms and conditions established by the Board. Without limiting the foregoing, the 5 12 Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares toto 13 non‐Members as it deems necessary to promote the harvest of the Sector’s entire ACE allocation and 14 ensure that the Sector’s management and administrative costs can be recouped through reasonable 15 Sector membership fees established by the Board.

Harvest Share Transfer. Subject to the terms and conditions of this 2 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more Active 25 3 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 Member(s) 4 may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 Manager has 5 received actual notice of such transfer. No Member may transfer any portion of such 28 Member’s Harvest 6 Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 unless the Board first 7 authorizes such transfer in writing. Any such transfer shall be subject to such 1 terms and conditions as the 8 Board may adopt from time to time, including but not limited to 2 establishment of procedures to 9 implement a Right of First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active 10 Members of other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and 11 conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of Directors may 12 condition, review, approve and restrict transfers of Harvest Shares toto non‐Members as it deems necessary 13 to promote the harvest of the Sector’s entire ACE allocation and ensure that the Sector’s management 14 and administrative costs can be recouped through reasonable Sector membership fees established by the 15 Board.

Harvest Share Transfer. Subject to the terms and conditions of this 27 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more Active 25 28 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 Member(s) 29 may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 Manager has 1 received actual notice of such transfer. No Member may transfer any portion of such 28 Member’s Harvest 2 Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 unless the Board first 3 authorizes such transfer in writing. Any such transfer shall be subject to such 1 terms and conditions as the 4 Board may adopt from time to time, including but not limited to 2 establishment of procedures to 5 implement a Right of First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active 6 Members of other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and 7 conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of Directors may 8 condition, review, approve and restrict transfers of Harvest Shares toto non‐Members as it deems necessary 9 to promote the harvest of the Sector’s entire ACE allocation and ensure that the Sector’s management 10 and administrative costs can be recouped through reasonable Sector membership fees established by the 11 Board.

Harvest Share Transfer. Subject to the terms and conditions of this 16 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or 17 more Active 25 Member(s) on such terms and conditions as the transferor Member and the 18 transferee Active 26 Member(s) may agree. No transfer of a Member’s Harvest Share shall 19 become effective until the 27 Manager has received actual notice of such transfer. No Member 20 may transfer any portion of such 28 Member’s Harvest Share, or interest in the Sector’s ACE, ACE to any 21 person other than an Active Member 29 unless the Board first authorizes such transfer in writing. 22 Any such transfer shall be subject to such 1 terms and conditions as the Board may adopt from 23 time to time, including but not limited to 2 establishment of procedures to implement a Right of 24 First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active Members of 25 other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and 26 conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of 27 Directors may condition, review, approve and restrict transfers of Harvest Shares toto non- 1 Members as it deems necessary to promote the harvest of the Sector’s entire ACE allocation 2 and ensure that the Sector’s management and administrative costs can be recouped through 3 reasonable Sector membership fees established by the Board.

Harvest Share Transfer. Subject to the terms and conditions of this 14 Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more Active 25 15 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 Member(s) 16 may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 Manager has 17 received actual notice of such transfer. No Member may transfer any portion of such 28 Member’s Harvest 18 Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 unless the Board first 19 authorizes such transfer in writing. Any such transfer shall be subject to such 1 terms and conditions as the 20 Board may adopt from time to time, including but not limited to 2 establishment of procedures to 21 implement a Right of First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active 22 Members of other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and 23 conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of Directors may 24 condition, review, approve and restrict transfers of Harvest Shares toto non‐Members as it deems necessary 25 to promote the harvest of the Sector’s entire ACE allocation and ensure that the Sector’s management 26 and administrative costs can be recouped through reasonable Sector membership fees established by the 27 Board.