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Section 8.9. Successors and Assigns. Whenever in this Loan Agreement any of the <br />parties hereto is named or referred to, the successors and assigns of such party shall be deemed to <br />be included and all the covenants, promises and agreements in this Loan Agreement contained by <br />or on behalf of the Borrower, or by or on behalf of the City, shall bind and inure to the benefit of <br />the respective successors and assigns, whether so expressed or not. <br />Section 8.10. Counterparts. This Loan Agreement is being executed in any number of <br />counterparts, each of which is an original and all of which are identical. Each counterpart of this <br />Loan Agreement is to be deemed an original hereof and all counterparts collectively are to be <br />deemed but one instrument. <br />Section 8.11. Governing Law. It is the intention of the parties hereto that this Loan <br />Agreement and the rights and obligations of the parties hereunder and the Series 2022 Note and <br />the rights and obligations of the parties thereunder, shall be governed by and construed and <br />enforced in accordance with, the laws of the State. <br />Section 8.12. Third -Party Beneficiary. The parties hereto acknowledge and agree that the <br />terms of this Loan Agreement may be enforced by the Redevelopment Commission. The <br />Redevelopment Commission shall be deemed to be a third -party beneficiary of this Loan <br />Agreement. Except as provided in the foregoing sentence and as specifically set forth herein, <br />nothing in this Loan Agreement is intended to confer any rights or remedies under or by reason of <br />this Loan Agreement on any person or entity other than the parties hereto and their successors and <br />permitted assigns. <br />(End of Article VIII) <br />21 <br />4854-2813-5735.5 <br />