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insurance or pay the premiums that are due on existing policies in order to maintain the required coverages. Bank is responsible for any payments made by City to obtain or maintain insurance and City may collect these payments from Bank or deduct the amount paid from any sums due Bank under this Agreement. 10. Notices . The name of the persons who are authorized to give written notices or to receive written notice on behalf of City and on behalf of Bank under this Agreement. For City: For Bank: City of Redwood City Wells Fargo Bank Attention : City Manager MAC A0112-102 1017 Middlefield Road 333 Market Street, 15th Floor Redwood City, CA 94063 San Francisco, CA 94104 (650) 780-7000 (415) 371 -2965 Except as otherwise stated , all notices to be provided or that may be provided under this Agreement must be in writing and delivered by regular and certified mail and are effective upon receipt except for any deposit account statement and any noticed contained therein which is effective one ( 1 ) Business Day after the statement date. Each party will notify the other immediately of any changes of address that would require any notice or delivery to be directed to another address . 11 . Conflict of Interest. City will evaluate Bank's duties pursuant to this Agreement to determine whether disclosure under the Political Reform Act and City's Conflict of Interest Code is required of Bank or any of Bank's employees , agents , or subcontractors. Should it be determined that disclosure is required , Bank or Bank's affected employees , agents , or subcontractors will complete and file with the City Clerk those schedules specified by City and contained in the Statement of Economic Interests Form 700. The undersigned on behalf of Bank, warrants that after a reasonable inquiry and to the best of the undersigned's knowledge, by execution of this Agreement, that (i) neither Bank, nor any of Bank's officers, agents , subcontractors or employees has any interest, present or contemplated , in the projects affected by this Agreement; and (ii) that neither Bank, nor its agents , employees , or subcontractors has any ancillary real property, business interests or income that will be affected by this Agreement or, alternatively, that Bank will file with City an affidavit disclosing this interest. 12. General Compliance with Laws . Bank will keep fully informed of federal, state and local laws and ordinances and regulations applicable to Bank which in any manner materially affect the performance of the Services by Bank. Bank will at all times observe and comply with these applicable laws , ordinances, and regulations and will be responsible for the compliance of Bank's Services with all applicable laws , ordinances and regulations to the extent they materially affect the performance of the Services by Bank. REV: 07-13-16 VR Page 4 of 6 ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT