Examples of American Fisheries Act in a sentence
For informational purposes only, replicated below are certain aspects of definitions under the American Fisheries Act and regulations promulgated thereunder.
The Shipowner, at its sole cost and expense, shall comply with and satisfy all the provisions and requirements of the Ship Mortgage Act and the American Fisheries Act of 1998, Public L.
Regulatory Developments * The American Fisheries Act (AFA) enacted in 1999 has significantly changed how Bering Sea groundfish is harvested.
The Shipowner, at its expense, shall comply with and satisfy all the provisions and requirements of the Ship Mortgage Act and the American Fisheries Act of 1998, as amended (46 U.S.C. § 31322 et seq.), and any and all successor statutes thereto, and any and all regulations thereunder, in order to establish and maintain this Mortgage as a first preferred fleet mortgage thereunder upon the Vessels and upon all renewals, improvements and replacements made in or to the same.
At such sale, any Lender may bid for and purchase such property, and upon compliance with the terms of sale and to the extent permitted by, and subject to, applicable law (including, without limitation, the American Fisheries Act of 1998 (46 U.S.C. § 31322 et seq.) and the regulations promulgated pursuant thereto) may hold, retain and dispose of such property without further accountability therefor.
At such sale, any Secured Party may bid for and purchase such property, and upon compliance with the terms of sale and to the extent permitted by, and subject to, applicable law (including, without limitation, the American Fisheries Act of 1998 (46 U.S.C. § 31322 et seq.) and the regulations promulgated pursuant thereto) may hold, retain and dispose of such property without further accountability therefor.
The Shipowner, at its sole cost and expense, shall comply with and satisfy all the provisions and requirements of the Ship Mortgage Act and the American Fisheries Act of 1998, as amended (46 U.S.C. § 31322 et seq.), and any and all successor statutes thereto, and any and all regulations thereunder, in order to establish and maintain this Mortgage as a first preferred fleet mortgage thereunder upon the Vessels and upon all renewals, improvements and replacements made in or to the same.
Except with respect to the "foreign flag vessels" described on Disclosure Schedule 3.24(a), and subject to the effect, if any, on certain vessels of the American Fisheries Act of 1998 and the regulations issued by MADRA implementing such Act as disclosed on Disclosure Schedule 3.24(a), all security interests in and to documented vessels comprising Portfolio Property constitute preferred mortgages satisfying all applicable requirements of the Ship Mortgage Act (46 U.S.C. ss.
The 1998 American Fisheries Act, ("the Act"), provides that, after an allocation of ten percent (10%) of the total allowable catch of Xxxxxxx in the Bering Sea and Aleutian Islands Management Area to the Western Alaska community development quota program and certain bycatch reserves, forty percent (40%) of the remaining quota is allocated to catcher/processors and catcher vessels harvesting Xxxxxxx for processing by catcher/processors.
Such Purchaser is a “Citizen” of the United States of America, as that term is defined in and for the purposes of Article VIII of the Company’s Articles of Incorporation, Section 2 of the Shipping Act, 1916, as amended, and Section 202 of the American Fisheries Act of 1998, as amended, and has simultaneously herewith executed and delivered to the Seller and the Company a Citizenship Affidavit, the contents of which are true, accurate and complete in all respects.