Common use of Individual Permit Transfers Clause in Contracts

Individual Permit Transfers. 16 Each Member agrees that so long as it is a party to this Agreement, such Member 17 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 18 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 19 party that is not bound by the Agreements binding members of Sustainable Harvest 20 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 21 which such sale, lease or transfer is to occur,

Individual Permit Transfers. 16 10 Each Member agrees that so long as it is a party to this Agreement, such Member 17 11 shall not have the authority to sell, lease or transfer the ownership of its Permit or the 18 12 right to harvest any portion or all of the Permit’s individual harvest share (share) to a 19 13 party that is not bound by the Agreements binding members of Sustainable Harvest 20 14 Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in 21 15 which such sale, lease or transfer is to occur,