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and no other person, including any purchaser of the Bonds, shall acquire or have any right hereunder <br />or by virtue hereof. <br />15. Governing Law. This Bond Purchase Agreement shall be governed by and construed <br />in accordance with the laws of the State of California applicable to contracts made and performed in <br />California. <br />16. Headings. The headings of the paragraphs of this Bond Purchase Agreement are <br />inserted for convenience of reference only and shall not be deemed to be a part hereof. <br />17. Severability. In case any one or more of the provisions contained herein shall for any <br />reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or <br />unenforceability shall not affect any other provision hereof. <br />18. Effectiveness. This Bond Purchase Agreement shall become effective upon its <br />acceptance hereof by the Successor Agency. <br />19 <br />SA -3-111 <br />