Common use of Length of Commitment Clause in Contracts

Length of Commitment. Each Member hereby agrees to cause each of its Permits and the related Participating Vessels enrolled in the Sector at the beginning of the fishing year following the date on which such Member enrolled in the Sector to remain enrolled in the Sector for that entirety OF two fishing years (the “Commitment Period”); provided, however, that if the Members seek to extend the terms of this Agreement consistent with Article IX below and GARFO does not approve the Sector’s Operations Plan and Agreement, as the same may be amended, for the subsequent fishing year, then the obligation of such Member under this Section 2.03 shall terminate on the last day of the existing Commitment PeriodEach Member acknowledges and agrees that 50 CFR Part 648.87 requires that each of its Permits and the related Participating Vessels must remain in the Sector for the entire fishing year in which such Permits and/or Participating Vessels are enrolled in the Sector, and that each Member’s Participating Vessels may not fish outside the Sector under a multispecies DAS program during any fishing year in which its Permits and/or Participating Vessels are enrolled in the Sector.

Length of Commitment. Each Member hereby agrees to cause 30 each of its Permits and the related Participating Vessels enrolled in the Sector at 31 the beginning of the fishing year following the date on which such Member 32 enrolled in the Sector to remain enrolled in the Sector for that entirety OF two 33 fishing years (the “Commitment Period”); provided, however, that if the 34 Members seek to extend the terms of this Agreement consistent with Article IX 35 below and GARFO does not approve the Sector’s Operations Plan and 36 Agreement, as the same may be amended, for the subsequent fishing year, then 37 the obligation of such Member under this Section 2.03 shall terminate on the 38 last day of the existing Commitment PeriodEach Period. Each Member acknowledges and 39 agrees that 50 CFR Part 648.87 requires that each of its Permits and the related 40 Participating Vessels must remain in the Sector for the entire fishing year in 41 which such Permits and/or Participating Vessels are enrolled in the Sector, and 42 that each Member’s Participating Vessels may not fish outside the Sector under a multispecies DAS program during any fishing year in which its Permits and/or Participating Vessels are enrolled in the Sector.under