Common use of Harvest Share Use Clause in Contracts

Harvest Share Use. Only Members that notify the Manager in writing on or before December 31, 2009 (the “Notification Date”), and on or before succeeding Notification Dates established by the Board for 2010 and thereafter of their intention to harvest Sector ACE (“Active Members”) may harvest Sector ACE. Each Member’s notice that such Member intends to harvest Sector ACE shall identify the vessels which will be used for such harvest. Non‐active Members shall not harvest Sector ACE, including without limitation, their own Harvest Share. No Active Member shall harvest an amount of Sector ACE in excess of their Harvest Share. Harvest of each Member's Harvest Share shall be subject to all NMFS and other management regulations generally applicable to the Sector’s ACE (including but not limited to seasonal apportionments and area harvest restrictions) on a discreet, individual basis; i.e., no greater percentage of each Member's Harvest Share may be harvested in any season or area than the percentage of the related Sector ACE allocation permitted to be harvested in such season or area. The Manager may impose and enforce additional restrictions on each Active Member’s harvest of Sector ACE authorized by this Agreement or adopted by the Board.

Harvest Share Use. Only Members that notify the Manager in writing on or before December 31February 18, 2009 2015 (the “Notification Date”), and on or before any succeeding Notification Dates established by the Board for 2010 FY 2015 and FY 2016 thereafter of their intention to harvest Sector ACE (“Active Members”) may harvest Sector ACE. Each Member’s notice that such Member intends to harvest Sector ACE shall identify the vessels which will be used for such harvest. Non‐active Non‐Active Members shall not harvest Sector ACE, including without limitation, their own Harvest Share. No Active Member shall harvest an amount of Sector ACE in excess of their Harvest Share. Harvest of each Active Member's ’s Harvest Share shall be subject to all NMFS and other management regulations generally applicable to the Sector’s ACE (including but not limited to seasonal apportionments and area harvest restrictions) on a discreet, individual basis; i.e., no greater percentage of each Member's Harvest Share may be harvested in any season or area than the percentage of the related Sector ACE allocation permitted to be harvested in such season or area. The Manager may impose and enforce additional restrictions on each Active Member’s harvest of Sector ACE authorized by this Agreement or adopted by the Board.

Harvest Share Use. Only Members that notify the Manager in writing on or 19 before December 31March 15, 2009 2016 (the “Notification Date”), and on or before any succeeding Notification Dates 20 established by the Board for 2010 and thereafter FY 2016 of their intention to harvest Sector ACE (“Active Members”) may 21 harvest Sector ACE. Each Member’s notice that such Member intends to harvest Sector ACE shall 22 identify the vessels which will be used for such harvest. Non‐active Non-Active Members shall not harvest Sector 23 ACE, including without limitation, their own Harvest Share. No Active Member shall harvest an amount 24 of Sector ACE in excess of their Harvest Share. Harvest of each Active Member's ’s Harvest Share shall be 25 subject to all NMFS and other management regulations generally applicable to the Sector’s ACE 26 (including but not limited to seasonal apportionments and area harvest restrictions) on a discreet, 27 individual basis; i.e., no greater percentage of each Member's Harvest Share may be harvested in any 28 season or area than the percentage of the related Sector ACE allocation permitted to be harvested in 29 such season or area. The Manager may impose and enforce additional restrictions on each Active 30 Member’s harvest of Sector ACE authorized by this Agreement or adopted by the Board.