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(-., and liabilities, including reasonable attorneys' fees, arising as a consequence of such removaL ARTICLE VII TERM AND TERMINATION OF TRANSIT ACTIVITIES 7.1 Term. This Agreement shall be in full force and effect following its execution by the parties. The term of this Agreement and of all easements and covenants granted pursuant to this agreement shall be perpetual, provided that certain of the covenants and easements created by this agreement may be terminated upon the occurrence of the Demolition Completion Date in accordance with the provisions of Section 7.3 of this Agreement. 7.2 Termination of Transit Activities. Notwithstanding any contrary provision herein, the Council and Northtown shall each have the option to terminate the use of the Transit Hub Improvements as a public transit facility through the delivery of written notice to that effect (the "Voluntary Termination Notice") to the other; provided, the delivery of the Voluntary Termination Notice shall be subject to the following terms and conditions: (a) the Voluntary Termination Notice shall not be delivered prior to the expiration of the 120th full calendar month subsequent to the month in which the Transit Commencement Date occurred; and (b) the Voluntary Termination Notice shall designate the effective date of the termination of the transit services (the "Transit Termination Date"), which date shall be no sooner than the 180th day after the last date of the delivery of the Voluntary Termination Notice to the party to whom such notice is required hereunder to be delivered, In the event of the timely and proper delivery of the Voluntary Termination Notice, the rights and obligations hereunder to pursue and deliver public transit activities and services upon the Transit Hub Improvements shall cease as of the Transit Tennination Date and, upon the occurrence of the Transit Termination Date, the Council shall proceed, with due diligence and at its sole cost, to demolish and restore the Council and Northtown Parcels in accordance with the provisions of Section 7.3 hereof. 7.3 Demolition and Restoration. If the Council is required to demolish and restore the site of the Transit Hub Improvements pursuant to Section 5.3 hereof, or in the e'Vent of the occurrence of the Transit Termination Date following the delivery of a Voluntary Termination Notice pursuant to Section 7.2 hereof, the Council shall proceed with due diligence and at its sole cost to demolish and remove the Bus Shelters, transit islands, and Circulation Area, and, at the election of Northtown, the Pedestrian Walkway, and to grade, pave, stripe, and provide lighting for the area upon which the improvements had been situated so that the area can be thereafter used as a surface parking area that is integrated in its design and traffic -13- vl 'd IZH'oN ^30 ~~OJ 3NlVl8 A1IJ ~dlO:ZI lOOG '08'^ON