Common use of ACE Transfers and Pooling Clause in Contracts

ACE Transfers and Pooling. Participating Vessels and/or Permits may transfer ACE to other 30 Participating Vessels and/or Permits, or otherwise redistribute or pool ACE to other Participating 31 Vessels and/or Permits, provided that the Manager is notified and provides his consent to such 32 redistribution or pooling. A Participating Vessel and/or Permit may only transfer or lease ACE to 33 vessels or permits participating in other sectors after meeting the right of first refusal requirements 34 contained in Section 2.09 of the Operations Plan and Agreement and receiving approval from the 35 MCCS Board. All transfers to or from vessels or permits participating in other sectors must be 36 approved by the Regional Administrator, as required by Amendment 16 and its implementing 37 regulations.

ACE Transfers and Pooling. Participating Vessels and/or Permits may transfer ACE to other 30 32 Participating Vessels and/or Permits, or otherwise redistribute or pool ACE to other Participating 31 33 Vessels and/or Permits, provided that the Manager is notified and provides his consent to such 32 34 redistribution or pooling. A Participating Vessel and/or Permit may only transfer or lease ACE 35 to 33 vessels or permits participating in other sectors after meeting the right of first refusal 36 requirements 34 contained in Section 2.09 of the Operations Plan and Agreement and receiving 37 approval from the 35 MCCS Board. All transfers to or from vessels or permits participating in other 38 sectors must be 36 approved by the Regional Administrator, as required by Amendment 16 and its 39 implementing 37 regulations.