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12 <br /> in good faith the fair and equitable share of all costs associated with this project as <br /> soon as possible after the Schematic Design work is completed. If the parties are <br /> unable to come to an agreement within forty five (45) days after the Schematic <br /> Design Acceptance date (such date of completion to be established by written <br /> notice to the parties from the design professional) then either party may terminate <br /> this agreement by providing ten (10) days advance written notice to the other <br /> party of its intention to terminate this agreement. Upon such termination, each <br /> party shall be responsible for all costs it has incurred in connection with this <br /> project through the date of termination. <br /> B. The County shall pay the cost for the amount of parking deemed required to <br /> support the library facility within the total cost of constructing parking on the <br /> Property. The Town shall be responsible for the balance of the cost of <br /> constructing the parking for the Project. The intent is for the County to pay the <br /> cost for the parking spaces reasonably expected and determined to be associated <br /> with the Orange County Southern Branch Library use. Upon completion of the <br /> work and when the Facilities become operational, the County agrees that the <br /> parking spaces allocated for the Orange County Southern Branch Library use of <br /> the Property shall be available for public parking during hours when the library is <br /> closed. <br /> C. The parties will each be responsible for their own legal and financing expenses <br /> incurred in relation to the Project. <br /> ARTICLE V <br /> Term And Termination <br /> This Agreement shall be effective upon the full execution of the Contracts and shall <br /> continue until completion of the Project unless earlier terminated as provided herein. <br /> This A g re e in e n t shall terminate: (i) at any time by either party within forty five (45) <br /> days after the design professional has confirmed to the parties in writing that the Schematic <br /> Design for the building and parking deck on the Property is substantially completed as set forth <br /> in Article 1V.A above, (ii) at any other time by mutual agreement of the Parties; or (iii) <br /> by the Town, upon the material breach by County of any provision contained herein which <br /> material breach remains uncured by County after the Town provides thirty (30) days advance <br /> written notice of said material breach to County, or (iv) by County, upon the material breach <br /> by the Town of any provision contained herein which material breach remains uncured by the <br /> Town after County provides thirty (30) days advance written notice of said material breach to <br /> the Town. <br /> ARTICLE VI <br /> Conditions Precedent And Contingencies <br /> The Parties understand and agree that there are a number of conditions precedent and <br /> contingencies that will impact their ability to enter into the Contracts for the Project. At a <br /> 8 <br />