Common use of Harvest Share Use Clause in Contracts

Harvest Share Use. Only Members that notify the Manager in writing on or before 19 December 3, 2014(the “Notification Date”), and on or before any succeeding Notification Dates 20 established by the Board for FY 2014 and thereafter of their intention to harvest Sector ACE (“Active 21 Members”) may harvest Sector ACE. Each Member’s notice that such Member intends to harvest 22 Sector ACE shall identify the vessels which will be used for such harvest. Non-Active Members shall not 23 harvest Sector ACE, including without limitation, their own Harvest Share. No Active Member shall 24 harvest an amount of Sector ACE in excess of their Harvest Share. Harvest of each Active Member’s 25 Harvest Share shall be subject to all NMFS and other management regulations generally applicable to 26 the Sector’s ACE (including but not limited to seasonal apportionments and area harvest restrictions) on 27 a discreet, individual basis; i.e., no greater percentage of each Member's Harvest Share may be 28 harvested in any season or area than the percentage of the related Sector ACE allocation permitted to 29 be harvested in such season or area. The Manager may impose and enforce additional restrictions on 30 each Active Member’s harvest of Sector ACE authorized by this Agreement or adopted by the Board.

Harvest Share Use. Only Members that notify the Manager in writing on or 19 before 19 December 3March 15, 2014(the 2016 (the “Notification Date”), and on or before any succeeding Notification Dates 20 established by the Board for FY 2014 and thereafter 2016 of their intention to harvest Sector ACE (“Active 21 Members”) may 21 harvest Sector ACE. Each Member’s notice that such Member intends to harvest 22 Sector ACE shall 22 identify the vessels which will be used for such harvest. Non-Active Members shall not 23 harvest Sector 23 ACE, including without limitation, their own Harvest Share. No Active Member shall 24 harvest an amount 24 of Sector ACE in excess of their Harvest Share. Harvest of each Active Member’s 25 Harvest Share shall be 25 subject to all NMFS and other management regulations generally applicable to 26 the Sector’s ACE 26 (including but not limited to seasonal apportionments and area harvest restrictions) on 27 a discreet, 27 individual basis; i.e., no greater percentage of each Member's Harvest Share may be 28 harvested in any 28 season or area than the percentage of the related Sector ACE allocation permitted to 29 be harvested in 29 such season or area. The Manager may impose and enforce additional restrictions on 30 each Active 30 Member’s harvest of Sector ACE authorized by this Agreement or adopted by the Board.

Harvest Share Use. Only Members that notify the Manager in writing on or 24 before 19 December 3, 2014(the May 1 2021 (TBD 4 weeks after PSC letters are posted) (the “Notification Date”), and on or 25 before any succeeding Notification Dates 20 established by the Board for FY 2014 2021 and FY 2022 thereafter 26 of their intention to harvest Sector ACE (“Active 21 Members”) may harvest Sector ACE. Each Member’s 27 notice that such Member intends to harvest 22 Sector ACE shall identify the vessels which will be used for 28 such harvest. Non-Active Members shall not 23 harvest Sector ACE, including without limitation, their own 29 Harvest Share. No Active Member shall 24 harvest an amount of Sector ACE in excess of their Harvest 30 Share. Harvest of each Active Member’s 25 Harvest Share shall be subject to all NMFS and other 1 management regulations generally applicable to 26 the Sector’s ACE (including but not limited to seasonal 2 apportionments and area harvest restrictions) on 27 a discreet, individual basis; i.e., no greater percentage 3 of each Member's Harvest Share may be 28 harvested in any season or area than the percentage of the 4 related Sector ACE allocation permitted to 29 be harvested in such season or area. The Manager may 5 impose and enforce additional restrictions on 30 each Active Member’s harvest of Sector ACE authorized 6 by this Agreement or adopted by the Board.