Examples of Participating Vessel in a sentence
The Committee shall operate as a “blind” committee, such that the identity of the Member, Permit and/or Participating Vessel under consideration shall only be known to the Manager.
Notwithstanding the foregoing, no such admission shall be effective until the new Member has paid the annual entry fee as set by the Board of Directors and has agreed in writing to be bound by, and to cause its Permit and Participating Vessel to comply with the terms of this Agreement, and until the provisions of this Agreement shall have been amended or modified to reflect such additional Member, Permit and/or Participating Vessel.
Each participating Permit and Participating Vessel will receive its 17 “Individual ACE” allocation as set forth in Exhibit B to the Agreement.
Each Member further acknowledges and agrees that it is responsible for ensuring timely reporting in accordance with the provisions of this Section and failure to deliver the reports for a Member’s Participating Vessel in accordance with this Section shall be deemed a breach of this Agreement by such Member.
Additionally, the Operations Plan must include information regarding the activity level in the sector of Participating Vessel, that is, whether each participating vessel will be active on Sector trips or not.
While it is anticipated that Sector members will fish primarily with otter trawls and sink gillnets, Participating Vessel may fish for Groundfish with any legal gear including hook and line gear (demersal longlines, automated hook, jigs, and handlines), Scottish seines, beam trawls and pots.
A Member, its Permit and Participating Vessel may not transfer or lease DAS to any non-Sector or Sector Member, Permit, or Participating Vessel during the Commitment Period in which the Participating Vessel and/or Permit is enrolled in the Sector except in accordance with the transfer provisions of the Agreement.
Notwithstanding the list of Participating Vessels set forth on the signature pages hereto, for purposes of this Agreement, "Participating Vessel" shall mean the vessel to which a Member's Permit applies at any given time.
Notwithstanding anything to the contrary in this Section, a Member may make an approved transfer of an enrolled Permit or Participating Vessel pursuant to Section 3.02.2.
Each participating Permit and Participating Vessel will receive its “Individual ACE” allocation as set forth in Exhibit B to the Agreement.