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—� <br />7.08. NO WAIVER. The failure of any Party to insist upon the strict performance of any of the terms, <br />provisions, or conditions of this Agreement shall not be construed as a waiver or retinquishment for the <br />future of the strict performance of any such term, provision, or condition or any other term, provision, or <br />condition. <br />7.09. NO DEBT CREATED. Each Party agrees and understands that, by this Agrecment, the State, <br />acting through the TWDB, is not lending its credit or in any manner creating a debt on behalf of the <br />State. To the extent that the City is not securing the Obiigations with ad valorem taxes, each Party <br />agrees and understands that, pursuant to this Agreement, the City is not lending its credit or in any other <br />manner creating a debt on behaif of the City. <br />7.10. LAW AND VENUE. The validity, operation, and performance of this Agreement shall be <br />governed and controlled by the laws of the State of Tcxas and applicable fedcral regulations, and the <br />tecros and conditions of this Agreement shall be construed and interpreted in accordance with the laws of <br />the State. The Aarties understand and agree that this Agreement is for ihe provision of financial <br />assistance for the planning, design, acquisition and construction of the Project and as such all or part of <br />the perfarmance of the terms and obligations of the Agrecment will be performed in Lamar County, <br />Texas. Notwithstanding the tocation of the Project, the Parties understand and agrce that any proceeding <br />brought for any breach of this Agreement involving the TWDB shall be in Travis County, Texas. This <br />section does not waive the soverei�n immunity of the State or the TWDB, <br />7.11. NOTICES. All notices, notifications, or requests required or permitted by this Agreement shall <br />be in writing and shall be transmitted by personat delivery or transmitted by United States certified mail, <br />return receipt requested, postage prepaid, to the addresses of the Parties shawn belaw. Notice shall be <br />ef%ctive when received by the Party to whom notice is sent. <br />Texas Water Development Board <br />Attn: Exe�utive Administrator <br />1700 N. Congress Ave., 6th Floor <br />Austin, Texas 787 1 1-323 1 <br />City of Paris <br />ttn: John Godwin, City Managcr <br />150 S. E. 1 S` Street <br />Paris, Texas ?54b 1 <br />7.12. TERM. This Agreement is eii'ectivc on the date signed by the fixecutive Administrator. The <br />Agreement shall expire upon the successful completion of the Project, or in accordancc with Section <br />6.02 of this Agreement. <br />TEXAS WATER DEVELUPMENT BOARD <br />Melanie Callahan <br />Cxecutive Administrator <br />Date <br />CITY OF x'ARIS, <br />The Honorabl <br />Mayor <br />�oZ�1�i�13. <br />Date <br />Page 14 of 14 <br />i.c�..an <br />