Permit Transfer/Sale Clause Samples
The Permit Transfer/Sale clause governs the conditions under which permits, licenses, or regulatory approvals associated with an agreement may be transferred or sold to another party. Typically, this clause outlines the requirements for obtaining consent from relevant authorities or the original permit issuer, and may specify notification procedures or restrictions on transferability. Its core function is to ensure that all parties understand the process and limitations involved in transferring permits, thereby preventing unauthorized transfers and maintaining regulatory compliance.
Permit Transfer/Sale. Release and Waiver of All Claims against Sector Manager; Indemnification and Hold Harmless.
Permit Transfer/Sale. Right of First Refusal i.e. ROFR will be used for permit sales or 12 transfers.
Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 5 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 6 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 7 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 8 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 9 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 10 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 11 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 12 the balance of the fishing year during which the transfer occurs, and thereafter may only remain a 13 Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with 14 Section 2, above.
15 15.1. The Transferee shall be deemed a Non-Active Member of the Sector, with 16 no rights to harvest any Sector ACE, including but not limited to the ACE allocated to the Sector in 17 connection with the assets acquired under the Permit Offer. A Transferee wishing to acquire Active 18 Member status during the fishing year in which the permit transfer occurred must submit a written 20 approve or deny such request.
Permit Transfer/Sale. No Member may transfer such Member’s “LA MS” permit or “MRI” permit to a person who is not an Member unless such person assumes all of the transferring Member’s obligations under this Agreement as of the effective date of such transfer. A person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for the balance of the fishing year during which the transfer occurs, and thereafter may only remain a Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with Section 2, above
Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 11 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or 14 “MRI” permit to a person who is not an Active Member unless such person assumes all of the 15 transferring Member’s obligations under this Agreement as of the effective date of such transfer. A 16 person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member 17 in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for 18 the balance of the fishing year during which the transfer occurs, and thereafter may only remain a
Permit Transfer/Sale. Except, in the event a court or arbitration panel issues an order directing 3 parties to stop any ongoing processing of a permit transfer. In such a case NOAA is requested to comply 4 with said order and suspend any permit transfer work until the dispute is fully resolved.
Permit Transfer/Sale. Right of First Refusal i.e. ROFR will be used for permit sales or 12 transfers.
1 INFORMATIONAL ADDENDUM 2 Per request by NMFS the table below identifies specific points of contacts and their responsibilities, which the Agency may utilize to determine 3 appropriate communication stream for inquiries. ▇▇▇▇▇ ▇▇▇▇▇▇ Sector Manager Day-to-Day Sector Operations ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Program Director, Northeast Sector Service Network Data Management i.e. questions regarding software systems utilized by Sector for Weekly Report Computation ▇▇▇▇▇ ▇▇▇▇▇▇ Sector Manager Reporting i.e. vessel reporting requirements involving sector trips ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ ▇▇▇-▇▇▇-▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Executive Director, Northeast Seafood Coalition Policy Issue ▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Sector Manager, Program Director NESSN Sector Specific Research & Outreach HARVESTING RULES
Permit Transfer/Sale. Right of First Refusal i.e. ROFR will be used for permit sales or 12 transfers.
1 Exhibit H: INFORMATIONAL ADDENDUM 1 EXHIBIT I: FY 2018 (MAY 1, 2018-APRIL 30, 2019) Operations Plan Updates 2 [To be completed in accordance with NMFS schedule for year two, FY 2018 (May 1, 2018 – April 3 30, 2019) of the Sectors Bi-Annual Operations Plan and Agreement]
Permit Transfer/Sale. A Member may transfer a Permit to a party other than a 16 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 17 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 18 Fishery Sectors, and certain other parties. No Member may transfer such Member’s “LA MS” permit or
Permit Transfer/Sale. Right of First Refusal i.e., ROFR will be used for permit 12 sales or transfers.
1 EXHIBIT I: FY 2024 (MAY 1, 2024-APRIL 30, 2025) Operations Plan Updates