Common use of Reserve (Administrative only) Clause in Contracts

Reserve (Administrative only). 5.02.1. Each Member agrees that the Board may, in its sole discretion, establish a reserve for one or more species under the Sector ACE in order to ensure that the Sector remains in compliance with its ACE limit for that species; provided, however, that such reserve shall not exceed ten percent of the ACE for that species.

Appears in 6 contracts

Samples: Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan, Sector Membership Agreement and Operations Plan

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