Common use of Research Reserve Clause in Contracts

Research Reserve. Each Member agrees that the Board may establish a reserve of ACE for each Groundfish species for purposes related to research. The terms and conditions for the distribution of ACE placed into the reserve shall be established through an agreement between the Board and the Member(s) electing to place ACE in the reserve. The amount of the reserve shall not exceed the ACE of such Member(s), their Permits, and their participating Vessels, and shall be deducted from the Sector ACE before such Sector ACE is distributed through Individual ACE, monthly quota targets, or otherwise.

Research Reserve. Each Member agrees that the Board may establish a reserve of ACE for each Groundfish species for purposes related to research. The terms and conditions for the distribution of ACE placed into the reserve shall be established through an agreement between the Board and the Member(s) electing to place ACE in the reserve. The amount of the reserve shall not exceed the ACE of such Member(s), their Permits, and their participating Vessels, and shall be deducted from the Sector ACE before such Sector ACE is distributed through Individual ACE, monthly quota targets, ACE or otherwise.

Research Reserve. Each Member agrees that the Board may establish a 10 reserve of ACE for each Groundfish species for purposes related to research. The terms 11 and conditions for the distribution of ACE placed into the reserve shall be established 12 through an agreement between the Board and the Member(s) electing to place ACE in the 13 reserve. The amount of the reserve shall not exceed the ACE of such Member(s), their 14 Permits, and their participating Vessels, and shall be deducted from the Sector ACE 15 before such Sector ACE is distributed through Individual ACE, monthly quota targets, ACE or otherwise.

Research Reserve. Each Member agrees that the Board may establish a reserve 5 of ACE for each Groundfish species for purposes related to research. The terms and conditions 6 for the distribution of ACE placed into the reserve shall be established through an agreement 7 between the Board and the Member(s) electing to place ACE in the reserve. The amount of the 8 reserve shall not exceed the ACE of such Member(s), their Permits, and their participating 9 Vessels, and shall be deducted from the Sector ACE before such Sector ACE is distributed 10 through Individual ACE, monthly quota targets, ACE or otherwise.