Third Priority. To the extent that appropriated funds are available after applying the first priority, tank ves- sels, in § 296.20, and the second priority, Participating Fleet Vessels, in § 296.21, the third priority is for any other ves- sel that is eligible to be included in an MSP Operating Agreement under § 296.11(a), and that, during the period of that MSP Operating Agreement, will be: (1) Owned and operated by one or more persons that are Section 2 Citi- ▇▇▇▇; or (2) Owned by a person that is eligible to document the vessel under 46 U.S.C. chapter 121 and operated by a person that is a Section 2 Citizen.
Appears in 5 contracts
Sources: MSP Operating Agreement, MSP Operating Agreement, MSP Operating Agreement