Short Range Transit Plans Sample Clauses

Short Range Transit Plans a. A Short Range Transit Plan (SRTP) for the Chapel Hill Transit service area affected by the Carolina North Project shall be prepared by the Town and updated in response to the results of each TIA update, commencing with the December 2009 TIA update. Each SRTP shall merge Chapel Hill Transit planning with plans for development at the Carolina North Project and shall consider issues of internal circulation, transit hubs, and policies necessary to maximize transit use as outlined in the Town’s SRTP Guidelines in effect at the time of the plan. b. The University shall participate in the SRTP process and include in its Annual Report to the Town Manager updated information on the current status of transit planning for the Carolina North Project and coordination with the SRTP process. c. Services that are implemented as a direct result of the Carolina North Project shall be funded on a prorated basis as determined appropriate by the partners engaged in Chapel Hill Transit. The provision of dedicated services to the Carolina North Project shall not take precedent over the priority of maintaining existing services to the community (see Section 5 9.3, regarding fiscal impacts). d. The Manager may suspend approval of all individual site development permits pursuant to this Agreement if a mutually satisfactory updated cost sharing agreement is not agreed to by the University and Town within twelve months of the completion of each updated SRTP prepared pursuant to this Agreement. Unless otherwise mutually agreed by the parties, this Agreement shall be deemed terminated by mutual consent of the parties if the suspension of individual site development permits continues for twelve (12) months in duration. e. An appropriate facility for transit service shall be provided at the intersection of Xxxxxx Xxxxxx Xxxx Xx. Blvd. and the central greenway within the Carolina North Project, as identified in the SRTP and approved by the Town Manager.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Short Range Transit Plans. In response to FTA and FHWA planning regulations and guidance, the Parties will prepare Short‐Range Transit Plans (SRTPs) that set out transit planning and programming for a five to seven‐year period. These SRTPs will provide input for TMPO’s preparation of the Transportation Improvement Program. The SRTPs will address unmet transit needs and service level sustainment, in addition to other agency‐specific concerns. Future SRTPs shall contain a list of projects for future FTA and FHWA transit funding. The project list shall: a) Identify and describe the scope of the specific projects and services, which address ongoing and increased transit demands. The list shall also address the issues related to unmet transit needs that are reasonable to meet. b) Identify the amount and type of federal and non‐federal funds required to support the projects for each year represented in the Plan. In addition, the list shall identify anticipated discretionary funding estimates for the FTIP. TMPO will work cooperatively with the Parties in their efforts to generate information needed to prepare their SRTPs and future updates.
Sample 1
Short Range Transit Plans. OPERATOR agrees to prepare, adopt, and maintain a Short- Range Transit Plan, as required by law. This document will provide the planning basis for transit capital and operating projects submitted by OPERATOR to SBCAG for potential inclusion in the Federal and Regional Transportation Improvement Programs (FTIP and RTIP).
Sample 1

Related to Short Range Transit Plans

  • Company Lock Up Agreements The Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Representative, it will not for a period of forty five (45) days after the date of this Agreement (the “Lock-Up Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; (ii) file or cause to be filed any registration statement with the Commission relating to the offering of any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; or (iii) complete any offering of debt securities of the Company, other than entering into a line of credit with a traditional bank or (iv) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of capital stock of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of shares of capital stock of the Company or such other securities, in cash or otherwise. The restrictions contained in this Section 3.20 shall not apply to (i) the shares of Common Stock to be sold hereunder, (ii) the issuance by the Company of shares of Common Stock upon the exercise of a stock option or warrant or the conversion of a security outstanding on the date hereof, which is disclosed in the Registration Statement, Disclosure Package and Prospectus, provided that such options, warrants, and securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange price or conversion price of such securities or to extend the term of such securities, (iii) the issuance by the Company of stock options, shares of capital stock of the Company or other awards under any equity compensation plan of the Company, provided that in each of (ii) and (iii) above, the underlying shares shall be restricted from sale during the entire Lock-Up Period.

  • Benefit Plans Comply in all material respects with all requirements of ERISA and any Foreign Benefit Law applicable to it and furnish to the Agent as soon as possible and in any event (i) within thirty (30) days after the Borrower knows or has reason to know that any reportable event or other event under any Foreign Benefit Law with respect to any employee benefit plan maintained by the Borrower or any Subsidiary which could give rise to termination or the imposition of any material tax or penalty has occurred, written statement of an Authorized Representative describing in reasonable detail such reportable event or such other event and any action which the Borrower or applicable Subsidiary proposes to take with respect thereto, together with a copy of the notice of such reportable event given to the Pension Benefit Guaranty Corporation or to any other applicable Person exercising similar duties and functions under any Foreign Benefit Law or a statement that said notice will be filed with the annual report of the United States Department of Labor with respect to such plan if such filing has been authorized, (ii) promptly after receipt thereof, a copy of any notice that the Borrower or any Subsidiary may receive from the Pension Benefit Guaranty Corporation or from any other Person exercising similar duties and functions under any Foreign Benefit Law relating to the intention of the Pension Benefit Guaranty Corporation or any such Person to terminate any employee benefit plan or plans of the Borrower or any Subsidiary or to appoint a trustee to administer any such plan, (iii) within 10 days after a filing with the Pension Benefit Guaranty Corporation pursuant to Section 412(n) of the Code or with any Person pursuant to any Foreign Benefit Law of a notice of failure to make a required installment or other payment with respect to a plan, a certificate of an Authorized Representative setting forth details as to such failure and the action that the Borrower or its affected Subsidiary, as applicable, proposes to take with respect thereto, together with a copy of such notice given to the Pension Benefit Guaranty Corporation or to such Person, and (iv) promptly after the incurrence thereof and in any event within 10 days, notice of withdrawal by the Borrower or any Subsidiary from any Multi-employer Plan which withdrawal could reasonably result in a material withdrawal liability.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!