Common use of Rule of Three Requirement Clause in Contracts

Rule of Three Requirement. Amendment 16 to the NE multispecies FMP 7 defines a sector as a group of three or more persons, none of whom have an ownership interest in the 8 other two persons in the sector. This criterion has been fulfilled for FY 2017 with permit # 151069 under 9 the distinct ownership of Goldenwood Fisheries Inc., permit # 151492 under the distinct ownership of 10 Kingston Trawlers Inc., and permit # 310991 under the distinct ownership of CR Fisheries Inc. 11 Documentation of fulfillment of this criterion for FY 2018 will be located in Exhibit I of this Agreement 12 and will be furnished by the Sector in accordance with NMFS guidance and schedule pertaining to bi‐

Rule of Three Requirement. Amendment 16 to the NE multispecies FMP 7 8 defines a sector as a group of three or more persons, none of whom have an ownership interest in the 8 9 other two persons in the sector. This criterion has been fulfilled for FY 2017 2015 with permit # 151069 under 9 10 the distinct ownership of Goldenwood Fisheries Inc., permit # 151492 under the distinct ownership of 10 11 Kingston Trawlers Inc., and permit # 310991 under the distinct ownership of CR Fisheries Inc. 11 12 Documentation of fulfillment of this criterion for FY 2018 2016 will be located in Exhibit I of this Agreement 12 13 and will be furnished by the Sector in accordance with NMFS guidance and schedule pertaining to bi‐

Rule of Three Requirement. Amendment 16 to the NE multispecies FMP 7 defines a sector as a group of three or more persons, none of whom have an ownership interest in the 8 other two persons in the sector. This criterion has been fulfilled for FY 2017 with permit # 151069 under 9 the distinct ownership of Goldenwood Fisheries Inc., permit # 151492 under the distinct ownership of 10 Kingston Trawlers Inc., and permit # 310991 under the distinct ownership of CR Fisheries Inc. 11 Documentation of fulfillment of this criterion for FY 2018 will be located in Exhibit I of this Agreement 12 and will be furnished by the Sector in accordance with NMFS guidance and schedule pertaining to bi‐bi-