Common use of Reservation of Authority Clause in Contracts

Reservation of Authority. In the event of a failure by a Member or Affiliated Party or group of Members or Affiliated Parties to develop and implement a plan to achieve sustainability or eliminate an undesirable result within a Management Area as provided in Article 8.4, the Agency reserves and retains all requisite authority to (i) develop and implement a plan to achieve sustainability or eliminate an undesirable result, and (ii) allocate the cost of development and implementation of such plan to Members or Affiliated Parties within such Management Area. The GSP will specify the procedures for development and implementation of a plan by the Agency under such circumstances.

Reservation of Authority. In the event of a failure by a Member or Affiliated Party or group of Members or Affiliated Parties to develop and implement a plan to achieve sustainability or eliminate an undesirable result within a Management Area or individual jurisdiction as provided in Article 8.4, the Agency Authority reserves and retains all requisite authority to (i) develop and implement a plan to achieve sustainability or eliminate an undesirable result, and (ii) allocate the cost of development and implementation of such plan to Members or Affiliated Parties within such Management Areaarea. The GSP will specify the procedures for development and implementation of a sustainability plan by the Agency under such circumstances.