Common use of Permit Transfers Clause in Contracts

Permit Transfers. Each Member agrees that so long as it is a party to this 37 Agreement, such Member (i) shall not have the authority to sell, lease or transfer the ownership 38 of its Permit to a party that is not or does not agree in writing to be bound by this Agreement for 39 the remainder of the fishing year in which such sale, lease or transfer is to occur, (ii) shall not 40 transfer, lease or assign any days-at-sea allocated to its Permit by GARFO to any permit not 41 enrolled in a sector, and (iii) shall comply with the right of first refusal provisions of Section 42 2.08 hereof prior to the consummation of any proposed sale, lease or transfer permitted

Permit Transfers. Each Member agrees that so long as it is a party to this 37 Agreement, such Member (i) shall not have the authority to sell, lease or transfer the ownership 38 of its Permit to a party that is not or does not agree in writing to be bound by this Agreement for 39 the remainder of the fishing year in which such sale, lease or transfer is to occur, (ii) shall not 40 transfer, lease or assign any days-at-sea allocated to its Permit by GARFO NMFS to any permit not 41 enrolled in a sector, and (iii) shall comply with the right of first refusal provisions of Section 42 2.08 hereof prior to the consummation of any proposed sale, lease or transfer permitted