Common use of Sector ACE Reserve Clause in Contracts

Sector ACE Reserve. Each Member agrees that the Board may, in its sole discretion, establish a reserve of each Groundfish species in order to ensure that the Sector remains in compliance with its Sector ACE limit; provided, however, that such reserve shall not exceed 10 percent (10%) of the Sector ACE. The amount of the reserve shall be deducted from the Sector ACE before such Sector ACE is distributed among the Members, their Permits and their Participating Vessels through Individual ACE, monthly quota targets, or otherwise.

Appears in 3 contracts

Samples: Operations Plan and Agreement, Operations Plan and Agreement, Operations Plan and Agreement

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Sector ACE Reserve. Each Member agrees that the Board may, in its sole 28 discretion, establish a reserve of each Groundfish species in order to ensure that the Sector 29 remains in compliance with its Sector ACE limit; provided, however, that such reserve shall not 30 exceed 10 percent (10%) of the Sector ACE. The amount of the reserve shall be deducted from 31 the Sector ACE before such Sector ACE is distributed among the Members, their Permits and 32 their Participating Vessels through Individual ACE, monthly quota targets, or otherwise.

Appears in 3 contracts

Samples: Operations Plan and Agreement, Operations Plan and Agreement, Operations Plan and Agreement

Sector ACE Reserve. Each Member agrees that the Board may, in its sole 28 discretion, establish a reserve of each Groundfish species in order to ensure that the Sector Xxxxxx 00 remains in compliance with its Sector ACE limit; provided, however, that such reserve shall not 30 exceed 10 percent (10%) of the Sector ACE. The amount of the reserve shall be deducted from 31 the Sector ACE before such Sector ACE is distributed among the Members, their Permits and 32 their Participating Vessels through Individual ACE, monthly quota targets, or otherwise.

Appears in 1 contract

Samples: Operations Plan and Agreement

Sector ACE Reserve. Each Member agrees that the Board may, in its sole 41 discretion, establish a reserve of each Groundfish species in order to ensure that the 42 Sector remains in compliance with its Sector ACE limit; provided, however, that such 43 reserve shall not exceed 10 percent (10%) of the Sector ACE. The amount of the reserve 44 shall be deducted from the Sector ACE before such Sector ACE is distributed among the 1 Members, their Permits and their Participating Vessels through Individual ACE, monthly 2 quota targets, or otherwise.

Appears in 1 contract

Samples: Operations Plan and Agreement

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Sector ACE Reserve. Each Member agrees that the Board may, in its sole 36 discretion, establish a reserve of each Groundfish species in order to ensure that the Sector Xxxxxx 00 remains in compliance with its Sector ACE limit; provided, however, that such reserve shall not 38 exceed 10 percent (10%) of the Sector ACE. The amount of the reserve shall be deducted from 39 the Sector ACE before such Sector ACE is distributed among the Members, their Permits and 40 their Participating Vessels through Individual ACE, monthly quota targets, or otherwise.. 41

Appears in 1 contract

Samples: Operations Plan and Agreement

Sector ACE Reserve. Each Member agrees that the Board may, in its sole 40 discretion, establish a reserve of each Groundfish species in order to ensure that the 41 Sector remains in compliance with its Sector ACE limit; provided, however, that such 42 reserve shall not exceed 10 percent (10%) of the Sector ACE. The amount of the reserve 43 shall be deducted from the Sector ACE before such Sector ACE is distributed among the 44 Members, their Permits and their Participating Vessels through Individual ACE, monthly 45 quota targets, or otherwise.

Appears in 1 contract

Samples: Operations Plan and Agreement

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