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<br />or mailed by first class registered or certified mail, postage prepaid, addressed in accordance with the <br />notice addresses currently on file in the County's records. Any party may designate any other address <br />for notices or requests by giving notic~ under this paragraph. <br /> <br />5. This Agreement shall be governed by the laws of the Commonwealth of Virginia, <br /> <br />6. The parties hereto understand, consent and agree that the Authority and the County <br />shall assign all of their rights and remedies under this Agreement to and for the benefit of the Bank <br />pursuant to the tenl1S and conditions of that certain Collateral Assignment Agreement dated as of <br />I, 2008. Without in any Vllay limiting the foregoing, the Bank shall be deemed a third <br />party beneficiary of this Agreement, entitled to exercise any and all rights and remedies available to <br />the County or the Authority hereunder. <br /> <br />7. If any clause, provision or section of this Agreement shall be held illegal or invalid <br />by any court, the illegality or invalidity of such clause, provision or section shall not atTect the <br />remainder of this Agreement which . shall be construed and enforced as if such illegal 01' invalid <br />clause, provision or section had not been contained in this Agreement. <br /> <br />8. This Agreement shall remain in full force and effect until the Bond has been paid in <br />full, and may not be amended or modified except by a \vritten instrument which has been executed <br />by each ofthe parties hereto and which has been consented to by the Bank in writing. <br /> <br />9. Each of the parties hereto shall, to the fullest extent pemlitled by la\v pass, make, do, <br />execute, acknO\vledge and deliver such further instruments documents or other agreements as may be <br />necessary or desirable lix the better assuring, conveying, granting, assigning and confirming the <br />rights of the County and the Authority under this Agreement. <br /> <br />10, This Agreement may be executed, as evidenced by manual or facsimi Ie signatures, in <br />several counterparts each of which shall be an original and all of which together shall constitute but <br />one and the same instrument. <br /> <br />3 <br />