Common use of Permit Transfer/Sale Clause in Contracts

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year during which the transfer occurs, and thereafter may only remain a

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 5 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 6 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 7 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 8 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 9 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 10 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 11 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 12 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 13 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 14 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 2 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 3 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 4 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 5 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 6 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 7 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 8 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 9 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 10 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 11 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 13 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 14 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 15 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 16 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 17 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 18 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aMember

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 12 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 13 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 14 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 15 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 16 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 17 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 18 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 19 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 20 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 21 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 6 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 7 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 8 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 9 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 10 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 11 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 12 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 13 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 14 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 15 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 3 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 4 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 5 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 6 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 7 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 8 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 9 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 10 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 11 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 12 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 23 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 24 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery 25 Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” 26 permit to a person who is not an Active Member unless such person assumes all of the 15 transferring 27 Member’s obligations under this Agreement as of the effective date of such transfer. A 16 person other 28 than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in 29 accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the 30 balance of the fishing year during which the transfer occurs, and thereafter may only remain aa Xxxxxx

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 28 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 29 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 30 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 1 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 2 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 3 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 4 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 5 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 6 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 7 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 30 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 1 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 2 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 3 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 4 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 5 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 6 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 7 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 8 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 9 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 18 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended 19 from time 12 to time by the Board, in favor of Active Members of the Sector, Active Members of 20 other Northeast 13 Fishery Sectors, and certain other parties. No Member may transfer such 21 Member’s “LA MS” permit or 14 “MRI” permit to a person who is not an Active Member unless 22 such person assumes all of the 15 transferring Member’s obligations under this Agreement as of 23 the effective date of such transfer. A 16 person other than a Member who receives a Member’s 24 “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 15 (a 25 “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year 26 during which the transfer occurs, and thereafter may only remain aa Sector Member if such 27 Transferee applies for and is admitted to Sector membership in accordance with Section 2,

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 7 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 8 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 9 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 10 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 11 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 12 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 13 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 14 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 15 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 16 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 23 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 24 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 25 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 26 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 27 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 28 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 29 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 30 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 1 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 2 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 13 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 14 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 15 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 16 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 17 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 18 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 19 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 20 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 21 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 22 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 23 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 24 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery Sectors, 25 and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” permit to a 26 person who is not an Active Member unless such person assumes all of the 15 transferring Member’s 27 obligations under this Agreement as of the effective date of such transfer. A 16 person other than a Member 28 who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 29 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year 1 during which the transfer occurs, and thereafter may only remain aa Sector Member if such Transferee 2 applies for and is admitted to Sector membership in accordance with Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 20 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended 21 from time 12 to time by the Board, in favor of Active Members of the Sector, Active Members of 22 other Northeast 13 Fishery Sectors, and certain other parties. No Member may transfer such 23 Member’s “LA MS” permit or 14 “MRI” permit to a person who is not an Active Member unless 24 such person assumes all of the 15 transferring Member’s obligations under this Agreement as of 25 the effective date of such transfer. A 16 person other than a Member who receives a Member’s 26 “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 15 (a 27 “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year 28 during which the transfer occurs, and thereafter may only remain aa Sector Member if such 1 Transferee applies for and is admitted to Sector membership in accordance with Section 2,

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 25 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 26 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 27 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 28 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 29 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 30 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 1 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 2 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 3 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 4 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 14 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 15 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 16 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 17 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 18 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 19 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 20 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 21 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 22 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 23 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 8 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 9 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 10 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 11 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 12 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 13 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 14 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 15 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 16 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 17 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 12 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 13 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery Sectors, 14 and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” permit to a 15 person who is not an Active Member unless such person assumes all of the 15 transferring Member’s 16 obligations under this Agreement as of the effective date of such transfer. A 16 person other than a Member 17 who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 18 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year 19 during which the transfer occurs, and thereafter may only remain aa Sector Member if such Transferee 20 applies for and is admitted to Sector membership in accordance with Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 25 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 26 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery 27 Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” 28 permit to a person who is not an Active Member unless such person assumes all of the 15 transferring 29 Member’s obligations under this Agreement as of the effective date of such transfer. A 16 person other 30 than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in 1 accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the 2 balance of the fishing year during which the transfer occurs, and thereafter may only remain aa Sector

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 21 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 22 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery 23 Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” 24 permit to a person who is not an Active Member unless such person assumes all of the 15 transferring 25 Member’s obligations under this Agreement as of the effective date of such transfer. A 16 person other 26 than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in 27 accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year during which the transfer occurs, and thereafter may only remain athe

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 19 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 20 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery Sectors, 21 and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” permit to a 22 person who is not an Active Member unless such person assumes all of the 15 transferring Member’s 23 obligations under this Agreement as of the effective date of such transfer. A 16 person other than a Member 24 who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 25 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year 26 during which the transfer occurs, and thereafter may only remain aa Sector Member if such Transferee 27 applies for and is admitted to Sector membership in accordance with Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 17 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 18 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 19 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 20 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 21 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 22 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 23 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 24 the balance of the fishing year during which the transfer occurs, and thereafter may only remain aa 25 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 26 Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 10 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from 11 time 12 to time by the Board, in favor of Active Members of the Sector, Active Members of other 12 Northeast 13 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA 13 MS” permit or 14 “MRI” permit to a person who is not an Active Member unless such person assumes all 14 of the 15 transferring Member’s obligations under this Agreement as of the effective date of such 15 transfer. A 16 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit 16 from a Member 17 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate 17 in the Sector for 18 the balance of the fishing year during which the transfer occurs, and thereafter may 18 only remain aa Sector Member if such Transferee applies for and is admitted to Sector membership in 19 accordance with Section 2, above.

Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, 25 subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by 26 the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery 27 Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” 28 permit to a person who is not an Active Member unless such person assumes all of the 15 transferring 29 Member’s obligations under this Agreement as of the effective date of such transfer. A 16 person other 30 than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in 1 accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year during which the transfer occurs, and thereafter may only remain athe