Common use of Distribution of Reserve Clause in Contracts

Distribution of Reserve. 19 If the Board determines that as of April 1, the ACE in the Reserve has not been fully 20 harvested by the Participating Vessels, the Board may release and authorize the 21 harvesting of the reserve by the Members, their Permits and their Participating Vessels.

Distribution of Reserve. 19 If the Board determines that as of April 1, the ACE in the Reserve has not been fully 20 harvested by the Participating Vessels, the Board may release and authorize the 21 harvesting of the reserve by the Members, their Permits and their Participating Vessels. Alternatively, the Board may decide to carry that reserve forward to the next fishing year.

Distribution of Reserve. 19 20 If the Board determines that as of April 1, the ACE in the Reserve has not 21 been fully 20 harvested by the Participating Vessels, the Board may release 22 and authorize the 21 harvesting of the reserve by the Members, their Permits 23 and their Participating Vessels. Alternatively, the Board may decide to 24 carry that reserve forward to the next fishing year.

Distribution of Reserve. 19 If the Board determines that as of April 1, the ACE in the 21 Reserve has not been fully 20 harvested by the Participating Vessels, the Board may release 22 and authorize the 21 harvesting of the reserve by the Members, their Permits and their 23 Participating VesselsVessels provided all vessels report to the sector manager daily.