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for the Reported Deliverables as identified in Exhibit A using a Reporting Template <br /> agreed to by the Parties . The Implementing Party shall include financial status of each <br /> Project identified in Exhibit A in all quarterly reports ( Q1 , Q2 , Q3 , and Q4 ) . The <br /> implementing Party shall include in its enhanced Q2 and Q4 reports , a narrative <br /> description of physical progress , an assessment of risks that may impact delivery of the <br /> Projects identified in Exhibit A , and a forecast of anticipated deviations from project <br /> scope , schedule , and budget baselines identified in Exhibit A agreed upon template . If <br /> the Implementing Party is allocating local , federal , state , or other funds towards Projects <br /> identified in Exhibit A , it is the Implementing Party' s responsibility if they desire to report <br /> those expenditures to the Tax District Administrator, which shall be included as part of <br /> the enhanced Q2 and Q4 reports . The Parties agree to share supporting documentation , <br /> if requested , in addition to their quarterly and annual reporting , in a timely manner . <br /> 6 . Progress Updates <br /> A . Meeting : Parties to this Agreement shall endeavor to schedule one project update <br /> meeting annually within the forum of the Staff Working Group , unless otherwise <br /> determined , so long as it precedes the development and publication of the Orange <br /> County Transit Draft Annual Work Program . This is to review the enhanced Q2 <br /> report developed by the Implementing Party and Implementation Partners and <br /> discuss the extent to which the Project , or sets of Projects , is achieving <br /> documented metrics , as outlined in Section 4 of this Agreement . Generally , these <br /> expectations can be defined through the three following elements : Cost , Schedule <br /> and Functionality . This meeting shall also evaluate and confirm that the Project , <br /> or sets of Projects , is meeting expectations outlined in Exhibit A , and provide a <br /> forum to discuss proposed mitigation strategies when metrics are not on track . <br /> B . Amendment Initiation : If metrics for one or more Projects are not being met , Parties <br /> to this Agreement shall utilize the approved work program development and /or <br /> amendment process to make any necessary adjustments to support the meeting <br /> of defined expectations . <br /> 7 . Further Agreements : <br /> i <br /> The Parties agree that they will , from time to time , execute , acknowledge and deliver, or <br /> cause to be executed , acknowledged and delivered , such supplements hereto and such <br /> further instruments as may reasonably be required for carrying out the intention of this <br /> Agreement . <br /> i <br /> 8 . Amendment : <br /> Any extension of the Term of this Agreement and /or change to the content of this <br /> Agreement shall be by written amendment signed by all Parties . <br /> 9 . Breach ; Termination . <br /> 6 <br /> Global Operating Agreement for Transit Capital Infrastructure <br /> Orange County, FY2025 <br /> Contract # YY-XXX <br />