Harvest Share Reserve Sample Clauses

Harvest Share Reserve. Each Member acknowledges that under NMFS regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems necessary to insure the Sector’s ACE is not over‐ harvested (the “Reserve”). The Reserve for each Allocated Species shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro rata basis, according to their Harvest Share percentages for each such species. The amount of each Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the Reserve. The Reserve shall be managed under a “Deemed Value System” (“DVS”) by the Manager in accordance with the terms and conditions adopted by the Board from time to time. If the Board requires that Members pay for distributions from the Reserve, the DVS payments received by the Sector shall be distributed to the Members after the close of fishing for the year on a pro rata basis, such that each Member receives a share of the total amount paid for distributions of each Allocated Species from the Reserve proportionate to the amount of such Allocated Species each Member contributed to the Reserve.
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Harvest Share Reserve. No Reserve is required for FY 2017. Sector Members 7 will not harvest sector ACE. The sector manager will utilize Inter and Intra sector transfers to move ace 8 between members and to fully utilize the ACE allocated to the Sector.
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Harvest Share Reserve. Each Member acknowledges that under NMFS 5 regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE 6 allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further 7 acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties 8 and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the 9 Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems 10 necessary to insure the Sector’s ACE is not over‐harvested (the “Reserve”). The Reserve for each Allocated 11 Species shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro 12 rata basis, according to their Harvest Share percentages for each such species. The amount of each 13 Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the
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Harvest Share Reserve. Each Member acknowledges that under NMFS regulations, 29 the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE allocation, as 1 adjusted by transfers of ACE between the Sector and other sectors. Each Member further acknowledges 2 that under NMFS regulations, each Member may be held jointly liable for fines, penalties and forfeitures 4 annually establish a reserve of each Allocated Species in the amount the Manager deems necessary to 5 insure the Sector’s ACE is not over-harvested (the “Reserve”). The Reserve for each Allocated Species 6 shall be established by assessing the Members’ Harvest Shares for such Allocated Species on a pro rata 7 basis, according to their Harvest Share percentages for each such species. The amount of each 8 Member’s Harvest Share available for harvest or transfer shall be net of the amount assessed for the
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Harvest Share Reserve. 7.2 Harvest Share Use.
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Harvest Share Reserve. Each Member acknowledges that under NMFS 7 regulations, the Members’ aggregate harvest of the Sector’s ACE may not exceed the Sector’s ACE 8 allocation, as adjusted by transfers of ACE between the Sector and other sectors. Each Member further 9 acknowledges that under NMFS regulations, each Member may be held jointly liable for fines, penalties 10 and forfeitures related to the Sector’s ACE being overharvested. Each Member therefore authorizes the 11 Manager to annually establish a reserve of each Allocated Species in the amount the Manager deems 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 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
Sample 1
Harvest Share Reserve. No Reserve is required for FY 2019. Sector Members 8 between members and to fully utilize the ACE allocated to the Sector.
Sample 1
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Harvest Share Reserve 
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Related to Harvest Share Reserve

  • Harvest Share Use Section 7.2 is administrative except to the extent that it applies to the 17 Sector managers ability to impose and utilize legal means to recover Liquated damages as 18 authorized in section §10.10 of this agreement, in which case NMFS enforcement procedures 19 may apply.

  • Shares The term “

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.1500.

  • Purchase Price Adjustment (a) Not later than five Business Days prior to the Closing Date, the Contributor Parties shall prepare in good faith and deliver to Acquiror a preliminary settlement statement (the “Estimated Adjustment Statement”) setting forth (i) an estimated combined balance sheet of the Compression Group Entities as of the Closing Date, which balance sheet will be prepared in accordance with GAAP, applied consistently with the Contributor Parties’ past practices (including its preparation of the Unaudited Financial Statements) (the “Estimated Closing Date Balance Sheet”) based on the most recent financial information of the Compression Group Entities reasonably available to the Contributor Parties and the Contributor Parties’ reasonable estimates with respect to the assets, liabilities and members’ equity of the Compression Group Entities as of the Closing Date, (ii) a calculation of the difference, if any, between the Net Working Capital shown on the Estimated Closing Date Balance Sheet (the “Estimated Net Working Capital”) and the Net Working Capital Threshold, (iii) a calculation of the Debt shown on the Estimated Closing Date Balance Sheet (the “Estimated Closing Date Debt”), (iv) a calculation of the Cash shown on the Estimated Closing Date Balance Sheet (the “Estimated Closing Date Cash Amount”) and (v) a calculation of the estimated Purchase Price Adjustment Amount. Acquiror shall have the right, following Acquiror’s receipt of the Estimated Adjustment Statement, to object thereto by delivering written notice to ETP, on behalf of the Contributor Parties, no later than two Business Days before the Closing Date. To the extent Acquiror timely objects to the Estimated Adjustment Statement (or any component thereof), Acquiror and ETP, on behalf of the Contributor Parties, shall enter into good faith negotiations and attempt to resolve any such objection; provided, however, that if Acquiror and ETP, on behalf of the Contributor Parties, are unable to resolve such objection prior to the Closing Date, then the Contributor Parties’ calculations as reflected in the Estimated Adjustment Statement shall control solely for purposes of the payments to be made at Closing. To the extent Acquiror and ETP, on behalf of the Contributor Parties, resolve any such objection prior to the Closing, then the Parties shall jointly agree on a revised Estimated Adjustment Statement that shall control solely for purposes of the payments to be made at the Closing. The estimated Purchase Price Adjustment Amount that controls for purposes of the payments to be made at the Closing is referred to herein as the “Estimated Purchase Price Adjustment Amount.”

  • Reserved for Future Use 51.0 Reserved for Future Use

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Time Off in Lieu of Overtime Employees who work overtime will not be required to take time off in regular hours to make up for overtime worked. Time off in lieu may be taken on a mutually agreed upon basis between the employee and the Hospital, such time off will be the equivalent of the premium rate the employee has earned for working overtime. The Hospital shall revert to payment of premium rate if time off is not taken within ninety (90) calendar days of the work week in which the overtime was earned or, with the employee’s agreement, within 12 months of that work week.

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