Consolidation Plan Clause Samples

Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms 5 and conditions of this Section 7.
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Consolidation Plan. 15 7.1 Harvest Share Reserve.
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Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms 7 and conditions of this Section 7. 8 7.1. Harvest Share Reserve. Each Member acknowledges that under NMFS 12 and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the 13 Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems 14 necessary to insure the Sector’s ACE is not over‐harvested (the “Reserve”). The Reserve for each 15 Allocated Species shall be established by assessing the Members’ Harvest Shares for such Allocated 16 Species on a pro rata basis, according to their Harvest Share percentages for each such species. The 17 amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount 18 assessed for the Reserve. The Reserve shall be managed under a “Deemed Value System” (“DVS”) by 19 the Manager in accordance with the terms and conditions adopted by the Board from time to time. If 20 the Board requires that Members pay for distributions from the Reserve, the DVS payments received by 21 the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, 22 such that each Member receives a share of the total amount paid for distributions of each Allocated 23 Species from the Reserve proportionate to the amount of such Allocated Species each Member
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Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms and
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Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms 5 and conditions of this Section 7. 12 necessary to insure the Sector’s ACE is not over‐harvested (the “Reserve”). The Reserve for each 13 Allocated Species shall be established by assessing the Members’ Harvest Shares for such Allocated 14 Species on a pro rata basis, according to their Harvest Share percentages for each such species. The 15 amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount 16 assessed for the Reserve. The Reserve shall be managed under a “Deemed Value System” (“DVS”) by 17 the Manager in accordance with the terms and conditions adopted by the Board from time to time. If 18 the Board requires that Members pay for distributions from the Reserve, the DVS payments received by 19 the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, 20 such that each Member receives a share of the total amount paid for distributions of each Allocated 21 Species from the Reserve proportionate to the amount of such Allocated Species each Member
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Consolidation Plan. The Sector’s ACE shall be utilized in accordance with the terms 7 and conditions of this Section 7.
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Consolidation Plan. The Sector’s ACE shall be harvested in accordance with the terms 6 and conditions of this Section 7. 7 7.1. Harvest Share Reserve. Each Member acknowledges that under NMFS 16 amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount 17 assessed for the Reserve. The Reserve shall be managed under a “Deemed Value System” (“DVS”) by 18 the Manager in accordance with the terms and conditions adopted by the Board from time to time. If 19 the Board requires that Members pay for distributions from the Reserve, the DVS payments received by 20 the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, 21 such that each Member receives a share of the total amount paid for distributions of each Allocated 22 Species from the Reserve proportionate to the amount of such Allocated Species each Member
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Consolidation Plan. The Sector is being authorized as a lease only sector for FY 2018.
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Consolidation Plan 
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Related to Consolidation Plan

  • Consolidation, Merger, etc In case the Corporation shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case each share of Series A Preferred Stock shall at the same time be similarly exchanged or changed into an amount per share, subject to the provision for adjustment hereinafter set forth, equal to 100 times the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common Stock is changed or exchanged. In the event the Corporation shall at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

  • Consolidation or Merger The Issuer may consolidate with, or sell, lease or convey all or substantially all of its assets as an entirety to, or merge with or into any other corporation provided that in any such case, (i) either the Issuer shall be the continuing corporation, or the successor corporation shall be a corporation organised and existing under the laws of the jurisdiction in which the Issuer is incorporated or any province, territory, state or other political subdivision thereof and such successor corporation shall expressly assume the due and punctual payment of the principal of and interest (including Additional Amounts as provided in Condition 7) on all the Notes and Coupons, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of the Notes to be performed by the Issuer by an amendment to the Agency Agreement or, as the case may be, the TCCI Note Agency Agreement or the TMCC Note Agency Agreement, executed by such successor corporation, the Issuer and the Agent or the TCCI Registrar and the TCCI Transfer Agent or the TMCC Registrar and the TMCC Transfer Agent, as the case may be, and (ii) immediately after giving effect to such transaction, no Event of Default under Condition 9, and no event which, with notice or lapse of time or both, would become such an Event of Default shall have happened and be continuing. In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor corporation, such successor corporation shall succeed to and be substituted for the Issuer, with the same effect as if it had been named herein as the Issuer, and the predecessor corporation, except in the event of a conveyance by way of lease, shall be relieved of any further obligation under the Notes and the Agency Agreement or, as the case may be, the TCCI Note Agency Agreement or the TMCC Note Agency Agreement.