Common use of Release of Reserve Clause in Contracts

Release of Reserve. 27 If the Board, subsequent to the establishment of a reserve pursuant to Section 4.03 hereof, 28 determines that the ACE, as adjusted pursuant to Section 4.03, will be fully harvested by the 29 Participating Vessels, the Board shall, at its discretion, release and authorize the harvesting of 30 the reserve so as not to exceed the ACE for any species unless additional ACE can be acquired. 31 This provision should be considered exclusive to the administration of the Sector and would 32 therefore not be subject to NMFS enforcement.

Release of Reserve. 27 15 If the Board, subsequent to the establishment of a reserve pursuant to Section 4.03 hereof, 28 16 determines that the ACE, as adjusted pursuant to Section 4.03, will be fully harvested by the 29 17 Participating Vessels, the Board shall, at its discretion, release and authorize the harvesting of 30 18 the reserve so as not to exceed the ACE for any species unless additional ACE can be acquired. 31 19 This provision should be considered exclusive to the administration of the Sector and would 32 20 therefore not be subject to NMFS enforcement.

Release of Reserve. 27 43 If the Board, subsequent to the establishment of a reserve pursuant to Section 4.03 hereof, 28 44 determines that the ACE, as adjusted pursuant to Section 4.03, will be fully harvested by the 29 1 Participating Vessels, the Board shall, at its discretion, release and authorize the harvesting of 30 2 the reserve so as not to exceed the ACE for any species unless additional ACE can be acquired. 31 3 This provision should be considered exclusive to the administration of the Sector and would 32 4 therefore not be subject to NMFS enforcement.

Release of Reserve. 27 29 If the Board, subsequent to the establishment of a reserve pursuant to Section 4.03 hereof, 28 30 determines that the ACE, as adjusted pursuant to Section 4.03, will be fully harvested by the 29 31 Participating Vessels, the Board shall, at its discretion, release and authorize the harvesting of 30 32 the reserve so as not to exceed the ACE for any species unless additional ACE can be acquired. 31 33 This provision should be considered exclusive to the administration of the Sector and would 32 34 therefore not be subject to NMFS enforcement.