Examples of Participating Vessel in a sentence
The Committee shall operate as a “blind” committee, such that the identity of the Member, Permit and/or Participating Vessel under consideration shall only be known to the Manager.
Notwithstanding the foregoing, no such admission shall be effective until the new Member has paid the annual entry fee as set by the Board of Directors and has agreed in writing to be bound by, and to cause its Permit and Participating Vessel to comply with the terms of this Agreement, and until the provisions of this Agreement shall have been amended or modified to reflect such additional Member, Permit and/or Participating Vessel.
Each participating Permit and Participating Vessel will receive its 17 “Individual ACE” allocation as set forth in Exhibit B to the Agreement.
Additionally, the Operations Plan must include information regarding the activity level in the sector of Participating Vessel, that is, whether each participating vessel will be active on Sector trips or not.
A Member, its Permit and Participating Vessel may not transfer or lease DAS to any non-Sector or Sector Member, Permit, or Participating Vessel during the Commitment Period in which the Participating Vessel and/or Permit is enrolled in the Sector except in accordance with the transfer provisions of the Agreement.
Each participating Permit and Participating Vessel will receive its “Individual ACE” allocation as set forth in Exhibit B to the Agreement.
While it is anticipated that Sector members will fish primarily with otter trawls and sink gillnets, Participating Vessel may fish for Groundfish with any legal gear including hook and line gear (demersal longlines, automated hook, jigs, and handlines), Scottish seines, beam trawls and pots.
Each Participating Vessel must notify the Manager or his designated representative within 24 hours prior to departing from port when using fishing gear capable of catching the allocated stocks.
Each Member further acknowledges and agrees that (a) it is responsible for ensuring timely dealer reporting in accordance with the provisions of this Section 6.03 and (b) failure of the dealer to timely deliver the reports for a Member’s Participating Vessel in accordance with this Section 6.03 shall be deemed a breach of this Agreement by such Member.
A Participating Vessel and/or Permit may only transfer or lease ACE to 33 vessels or permits participating in other sectors after meeting the right of first refusal requirements 34 contained in Section 2.09 of the Operations Plan and Agreement and receiving approval from the 35 MCCS Board.