Common use of Sector Agreement and Its Purposes Clause in Contracts

Sector Agreement and Its Purposes. 2.01.1. The Members acknowledge that the purpose of this Agreement is to enable the Sector and its Members, subject to this Agreement, and consistent with the Articles of Incorporation and the Bylaws of the Sector, to harvest an annual percentage of the Plan Total Allowable Catch (“TAC”) pursuant to the Sector Allocation procedures of 50 CFR section 648.87(a) et seq., as amended from time to time.

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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