Common use of Individual Permit Transfers Clause in Contracts

Individual Permit Transfers. 10 Each Member agrees that so long as it is a party to this Agreement, such Member 11 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 12 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 13 party that is not bound by the Agreements binding members of Sustainable Harvest 14 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 15 which such sale, lease or transfer is to occur, 16 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any 17 permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1) 18 and 19 2. shall comply with the right of first refusal provisions hereof prior to the 20 consummation of any proposed sale, lease or transfer permitted hereunder.

Individual Permit Transfers. 10 Each Member agrees that so long as it is a party to this Agreement, such Member 11 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 12 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 13 party that is not bound by the Agreements binding members of Sustainable Harvest 14 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 15 which such sale, lease or transfer is to occur, 16 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any 17 permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1SHS3) 18 and 19 2. shall comply with the right of first refusal provisions hereof prior to the 20 consummation of any proposed sale, lease or transfer permitted hereunder.

Individual Permit Transfers. 10 Each Member agrees that so long as it is a party to this Agreement, such Member 11 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 12 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 13 party that is not bound by the Agreements binding members of Sustainable Harvest 14 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 15 which such sale, lease or transfer is to occur, 16 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any 17 permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1) 18 sSector and 19 18 2. shall comply with the right of first refusal provisions hereof prior to the 20 19 consummation of any proposed sale, lease or transfer permitted hereunder.

Individual Permit Transfers. 10 Each Member agrees that so long as it is a party to this Agreement, such Member 11 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 12 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 13 party that is not bound by the Agreements binding members of Sustainable Harvest 14 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 15 which such sale, lease or transfer is to occur, 16 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any 17 permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1) 18 sector and 19 18 2. shall comply with the right of first refusal provisions hereof prior to the 20 19 consummation of any proposed sale, lease or transfer permitted hereunder.

Individual Permit Transfers. 10 16 Each Member agrees that so long as it is a party to this Agreement, such Member 11 17 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 12 18 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 13 19 party that is not bound by the Agreements binding members of Sustainable Harvest 14 20 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 15 21 which such sale, lease or transfer is to occur, 16 22 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any 17 23 permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1) 18 24 and 19 25 2. shall comply with the right of first refusal provisions hereof prior to the 20 26 consummation of any proposed sale, lease or transfer permitted hereunder.. 27