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will notify County of pro rata share owed . County will remit payment to ORFD <br /> within 14 days . <br /> ARTICLE V <br /> Term And Termination <br /> This Agreement shall be effective upon execution and shall continue until completion of <br /> the Project unless earlier terminated as provided herein (the " Initial Term " ) . <br /> This Agreement shall terminate : (1) at any time, by mutual Agreement of the Parties ; or <br /> (ii) by ORFD , upon the material breach by County of any provision contained herein which <br /> material breach remains uncured by County after ORFD provides thirty (3 0) days advance written <br /> notice of said material breach to County, or ( iii ) by County, upon the material breach by ORFD <br /> of any provision contained herein which material breach remains uncured by ORFD after County <br /> provides thirty (30 ) days advance written notice of said material breach to ORFD . <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 the ability to enter into the Contracts for the Project . At a <br /> minimum, the Parties understand and agree that the following must be resolved to the County' s <br /> and ORFD ' s satisfaction : <br /> A . ORFD obtaining all Permits , including zoning, conditional/special use permits , <br /> variances , subdivision plats , approvals , permits , easements and licenses for the <br /> Project and the Town grants all necessary Permits which allow for the County' s <br /> proposed use of the Property . <br /> Be The County and ORFD secure all necessary approvals from their respective <br /> governing Boards or Managers as delegated by their respective Boards to proceed <br /> with the Project at mutually agreed, predefined points during the project (for <br /> example : sizing and elements of exclusive, shared, and common area spaces , <br /> schematic design, construction method, etc . ) <br /> C . ORFD and the County are able to procure suitable financing for their respective <br /> components of the Project . The parties further contemplate that upon completion of <br /> construction, the parties shall divide the Facilities , as partners thereof, into <br /> condominium units to be owned by the County and ORFD , respectively, for <br /> 8 <br />