Harvest Share Transfer Sample Clauses

Harvest Share Transfer. Subject to the terms and conditions of this 5 Agreement, each Member may transfer some or all of such Member’s Harvest Share to one or more 6 Active Member(s) on such terms and conditions as the transferor Member and the transferee Active 7 Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the 8 Manager has received actual notice of such transfer. No Member may transfer any portion of such 9 Member’s Harvest Share, or interest in the Sector’s ACE, to any person other than an Active Member 10 unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such 11 terms and conditions as the Board may adopt from time to time, including but not limited to 12 establishment of procedures to implement a Right of First Offer (the “ROFO”) that is extended to Active
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Harvest Share Transfer. 1 7.4 Harvesting Rules and Fishing Plan. Section 7.4 is administrative except to the extent that it 2 applies to Harvesting Rules Sections 1, 5, 6, 8, 11, 16, and 17, which are enforceable and 3 therefore not considered administrative under this section. This section is also administrative 4 except to the extent that it applies to Harvesting Rules Xxxxxxx 0 Xxxxx Xxxx Declaration. Sub‐ 5 Section 7.1 is administrative in nature.
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Harvest Share Transfer. Subject to the terms and conditions of this Agreement, each Member may transfer some or all of such Member’s Harvest Share to one or more other Members on such terms and conditions as the transferor Member and the transferee Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the Manager has received actual notice of such transfer. No Member may transfer any portion of such Member’s Harvest Share to any person other than another Sector Member unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such terms and conditions as the Board may adopt from time to time. Without limiting the foregoing, the Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares to non‐Members as it deems necessary to promote the harvest of the Sector’s entire ACE allocation and ensure that the Sector’s management and administrative costs can be recouped through reasonable Sector membership fees established by the Board.
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Harvest Share Transfer. Subject to the terms and conditions of this Agreement, 24 each Member may transfer some or all of such Member’s Harvest Share to one or more Active 25 Member(s) on such terms and conditions as the transferor Member and the transferee Active 26 Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the 27 Manager has received actual notice of such transfer. No Member may transfer any portion of such 28 Member’s Harvest Share, or interest in the Sector’s ACE, to any person other than an Active Member 29 unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such 1 terms and conditions as the Board may adopt from time to time, including but not limited to 2 establishment of procedures to implement a Right of First Offer (the “ROFO”) that is extended to Active 3 Members of the Sector, Active Members of other Northeast Fishery Sectors, and certain other parties in 4 accordance with the terms and conditions established by the Board. Without limiting the foregoing, the 5 Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares to
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Harvest Share Transfer. Subject to the terms and conditions of this Agreement, each Member may transfer some or all of such Member’s Harvest Share to one or more Active Member(s) on such terms and conditions as the transferor Member and the transferee Active Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the Manager has received actual notice of such transfer. No Member may transfer any portion of such Member’s Harvest Share, or interest in the Sector’s ACE, to any person other than an Active Member unless the Board first authorizes such transfer in writing. Any such transfer shall be subject to such terms and conditions as the Board may adopt from time to time, including but not limited to establishment of procedures to implement a Right of First Offer (the “ROFO”) that is extended to Active Members of the Sector, Active Members of other Northeast Fishery Sectors, and certain other parties in accordance with the terms and conditions established by the Board. Without limiting the foregoing, the Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares to non‐Members as it deems necessary to promote the harvest of the Sector’s entire ACE allocation and ensure that the Sector’s management and administrative costs can be recouped through reasonable Sector membership fees established by the Board.
Sample 1Sample 2
Harvest Share Transfer. Subject to the terms and conditions of this Agreement, each Member may transfer some or all of such Member’s Harvest Share to one or more other Members on such terms and conditions as the transferor Member and the transferee Member(s) may agree. No transfer of a Member’s Harvest Share shall become effective until the Manager has received actual notice of such transfer. Any such transfer shall be subject to such terms and conditions as the Board may adopt from time to time. Without limiting the foregoing, the Sector Board of Directors may condition, review, approve and restrict transfers of Harvest Shares to non‐Members as it deems necessary.
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Related to Harvest Share Transfer

  • 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.

  • Charge / Transfer k. If the separate document of title or strata title for the Property has been issued whether before on or after the date of auction sale, the Assignee shall not be required to procure a Memorandum of Transfer nor to register its charge as prescribed by the National Land Code 1965 or Sarawak Land Code or the Land Ordinance Cap. 68 of the Laws of Sabah (where applicable) in favour of the Purchaser from the Developer and/or Proprietor (as the case may be).

  • Free Transfer 1. Each Contracting Party shall ensure to investors of the other Contracting Party the free transfer, into and out of its territory, of their investments and transfer payments related to investments. Such payments shall include in particular, though not exclusively:

  • Sale and Purchase Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase from the Company (a) the number of Firm Units set forth opposite the name of such Underwriter in Schedule A hereto, subject to adjustment in accordance with Section 8 hereof, at a purchase price of approximately $9.9863 per Firm Unit, for an aggregate discount from the price to the public of $7,500,000. The Company is advised by the Representatives that the Underwriters intend (i) to make a public offering of their respective portions of the Firm Units as soon after the effective date of the Registration Statement as in the Representatives’ judgment is advisable and (ii) initially to offer the Firm Units upon the terms set forth in the Prospectus. In addition, the Company hereby grants to the several Underwriters the option (the “Over-Allotment Option”) to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, ratably in accordance with the number of Firm Units to be purchased by each of them, all or a portion of the Additional Units as may be necessary to cover over-allotments made in connection with the offering of the Firm Units, at a purchase price of $10.00 per Additional Unit. The Over-Allotment Option may be exercised by the Representatives on behalf of the several Underwriters at any time and from time to time on or before the forty-fifth day following the date of the Prospectus, by written notice to the Company. Such notice shall set forth the aggregate number of Additional Units as to which the Over-Allotment Option is being exercised and the date and time when the Additional Units are to be delivered (any such date and time being herein referred to as an “additional time of purchase”); provided, however, that no additional time of purchase shall be earlier than the “time of purchase” nor earlier than the second business day after the date on which the Over-Allotment Option shall have been exercised nor later than the tenth business day after the date on which the Over-Allotment Option shall have been exercised. The number of Additional Units to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Units being purchased as the aggregate number of Firm Units set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm Units (subject, in each case, to such adjustment as the Representatives may determine to eliminate fractional shares), subject to adjustment in accordance with Section 8 hereof. In addition to the discount from the public offering price represented by the Purchase Price set forth in the first sentence of this Section 1, the Company hereby agrees to pay to the Underwriters a deferred discount of an aggregate of $15,437,500 for the Units purchased hereunder (the “Deferred Discount”), subject to Section 4(mm) herein. The Underwriters hereby agree that if no Business Combination is consummated within the time period provided in the Trust Agreement and the funds held under the Trust Agreement are distributed to the holders of the Common Stock included in the Units sold pursuant to this Agreement (the “Public Stockholders”), (i) the Underwriters will forfeit any rights or claims to the Deferred Discount and (ii) the trustee under the Trust Agreement is authorized to distribute the Deferred Discount to the Public Stockholders on a pro rata basis.

  • Title Transfer For the above consideration, Seller (s) agrees to give a good and merchantable title by Xxxx, free and clear of all encumbrances except: NONE. Title to be conveyed subject to all prior restrictions, easements, conditions, encumbrances, condemnation, right of ways, joint permanent easements, covenants or restrictions of record, zoning ordinances or laws of any government authority, status of mineral rights, status of oil and gas rights, or any type leases or assignments, taxes of any type, properties in FEMA flood zone, and other matters recorded or unrecorded, known or unknown. Mobile Homes Are Sold WITHOUT TITLE. Buyer shall pay, but not limited to: HOA requirements, Buyers Occurred expense, ALL Transfer Fees and or Membership Fees, if applicable.

  • THE PURCHASER AND PAYMENT OF PURCHASE PRICE 8.1 Immediately after the fall of the hammer and upon being declared the successful purchaser of the Property, the Purchaser shall execute the memorandum attached hereto (`the Memorandum’).

  • Software Transfer You may permanently transfer all of your rights under this XXXX, provided you retain no copies, you transfer all of the SOFTWARE PRODUCT (including all component parts, the media and printed materials, any upgrades, this XXXX, and, if applicable, the Certificate of Authenticity), and the recipient agrees to the terms of this XXXX. If the SOFTWARE PRODUCT is an upgrade, any transfer must include all prior versions of the SOFTWARE PRODUCT.

  • Permit Transfer/Sale 5 16. Release and Waiver of All Claims against Sector Manager; Indemnification and Hold Harmless.

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