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<br />B. <br /> <br />Controllina Law. The validity of this Agreement and of its terms <br />and provisions, as well as the rights and duties of the parties <br />hereunder, the interpretation and performance of this Agreement <br />shall be governed by the laws of the State of California. <br /> <br />15. <br /> <br />TERM OF THE AGREEMENT <br /> <br />Subject to compliance with the terms and conditions of this Agreement, <br />the term of this Agreement shall begin upon the date of execution by the last <br />party signing this Agreement and shall remain in effect for the entire benefit <br />period described in Exhibit A securing the HOME funding provided under this <br />Agreement. <br /> <br />1:2006 STAFF REPORTS/04-2006/ACTION PLAN ADOPT/Cedar St Acquisition <br /> <br />9 <br />