Management and Sustainable Utilization of Marine Living Resources Sample Clauses

Management and Sustainable Utilization of Marine Living Resources. The living marine resources of the GCLME are utilized by industrial and artisanal fisheries for providing livelihood and employment for hundreds of thousands of fishermen and earn foreign exchange for the participating countries. The resources are both locally important resident stocks supporting artisanal fisheries and transboundary migratory stocks that have attracted large industrial offshore foreign fishing fleets that create additional stress on the fishery resources. A number of countries also negotiate fishing rights agreements with coastal countries. There is little capacity in the nations of the region to effectively monitor and enforce those agreements. It is believed that some of the fish caught in the region by the distant water fleets are imported to the region. The countries are also net importers of fish and fish products. Declines in catch per unit effort (CPUE) indicate that catch is exceeding sustainable yields in some resources while species diversity and average body lengths of the most important fish assemblages have declined. These declines have in turn led to unsustainable destructive fishing methods such as blasting and use of very small mesh nets. Again the magnitude of the declines is indicative of over fishing. The most significant changes in the abundance of fish species in the GCLME are fluctuations in Sardinella species, and a dramatic increase and decline in the abundance of trigger fish (Balistes capriscus). In contrast, there are species that are not optimally exploited due to lack of information and technology. In order to rebuild the depleted stocks and to repair the damage done by over harvesting and at the same time provide opportunities for livelihood and food security in the region, the governments have committed themselves to agree on the development of integrated management for sustainable utilization of living marine resources through the following suite of policy actions which address priority transboundary issues:
Sample 1
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Related to Management and Sustainable Utilization of Marine Living Resources

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  • Compliance with Law (i) Neither the Assuming Institution nor any of its Subsidiaries is in violation of any statute, regulation, order, decision, judgment or decree of, or any restriction imposed by, the United States of America, any State, municipality or other political subdivision or any agency of any of the foregoing, or any court or other tribunal having jurisdiction over the Assuming Institution or any of its Subsidiaries or any assets of any such Person, or any foreign government or agency thereof having such jurisdiction, with respect to the conduct of the business of the Assuming Institution or of any of its Subsidiaries, or the ownership of the properties of the Assuming Institution or any of its Subsidiaries, which, either individually or in the aggregate with all other such violations, would materially and adversely affect the business, operations or condition (financial or otherwise) of the Assuming Institution or the ability of the Assuming Institution to perform, satisfy or observe any obligation or condition under this Agreement.

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  • Compliance with Laws Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

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  • Securities Law Information The Participant acknowledges that he or she is permitted to sell the Shares acquired under the Plan through the designated broker appointed by the Company, provided the sale of the Shares takes place outside of Canada through facilities of a stock exchange on which the Shares are listed (i.e., the NYSE).

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