Common use of Schedule of Triggers and Thresholds for Actions Clause in Contracts

Schedule of Triggers and Thresholds for Actions. [Note: This section will be updated subsequent to the approval of the Agreement to incorporate all triggers and thresholds that may be added during the discussion and review of the draft Agreement.] 5.28.1. This section includes a listing of the triggers and thresholds for University submissions, reports, and mandated actions that are included within this Agreement. If a requirement does not appear in the schedule below, but is required elsewhere in this Agreement, the absence of the requirement in the schedule shall not relieve the University or the Town, as applicable, of the obligation to comply with that requirement. 5.28.2. The table included within this section lists the specific times, levels of development, or actions that trigger specific obligations or requirements under this Agreement. For each threshold, the table lists the action that is required and cross-references the section of this Agreement that establishes that obligation. 1. September 2009 a. Carbon reduction plan to be submitted by University 5.10.2 2. December 2009 a. Initial TIA update required, with SRTP to follow 5.8.8, 5.8.9 3. One year from effective date d. Report on feasibility and cost-sharing for joint recreation areas at Carolina North 5.15.4 4. Annually from effective date a. Annual Report by University to Town required 4.13, 5.27 b. Periodic Review by Town for compliance required 4.14 c. Report on land uses not involving buildings in limited development area and development area 5.5.2, 5.5.3 d. Fiscal impacts accounting required 5.9.3 5. Biennial from effective date a. Carbon reduction report required 5.10.3