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<br />28 <br />on behalf of the City or the Authority shall be for the sole and exclusive benefit of the other <br />party. <br /> <br />Section 8.03. Successor Is Deemed Included In All References to Predecessor. <br /> <br />Whenever the City or the Authority is named or referred to herein, such reference shall <br />be deemed to include the successor to the powers, duties and functions that are presently <br />vested in the City or the Authority, and all agreements and covenants required hereby to be <br />performed by or on behalf of the City or the Authority shall bind and inure to the benefit of the <br />respective successors thereof whether so expressed or not. To the extent this Installment <br />Purchase Contract confers upon or gives or grants to the Trustee any right, remedy or claim <br />under or by reason of this Installment Purchase Contract, the Trustee is hereby explicitly <br />recognized as being a third-party beneficiary hereunder and may enforce any such right, <br />remedy or claim conferred, given or granted hereunder. <br /> <br />Section 8.04. Waiver of Personal Liability. <br /> <br />No board member, officer or employee of the City shall be. individually or personally <br />liable for the payment of the Installment Payments, but nothing contained herein shall relieve <br />any board member, officer or employee of the City from the performance of any official duty <br />provided by any applicable provisions of law or hereby. <br /> <br />Section 8.05. Article and Section Headings, Gender and References. <br /> <br />The headings or titles of the several articles and sections hereof and the table of <br />contents appended hereto shall be solely for convenience of reference and shall not affect the <br />meaning, construction or effect hereof, and words of any gender shall be deemed and <br />construed to include all genders. All references herein to “Articles,” “Sections” and other <br />subdivisions or clauses are to the corresponding articles, sections, subdivisions or clauses <br />hereof; and the words “hereby,” “herein,” “hereof,” “hereto,” “herewith,” “hereunder” and other <br />words of similar import refer to this Installment Purchase Contract as a whole and not to any <br />particular article, section, subdivision or clause hereof. <br /> <br />Section 8.06. Partial Invalidity. <br /> <br />If any one or more of the agreements or covenants or portions thereof contained herein <br />required to be performed by or on the part of the City or the Authority shall be contrary to the <br />law, then such agreement or agreements, such covenant or covenants or such portions thereof <br />shall be null and void and shall be deemed separable from the remaining agreements and <br />covenants or portions thereof and shall in no way affect the validity hereof. The City and the <br />Authority hereby declare that they would have executed this Installment Purchase Contract, and <br />each and every other article, section, paragraph, subdivision, sentence, clause and phrase <br />hereof irrespective of the fact that any one or more articles, sections, paragraphs, subdivisions, <br />sentences, clauses or phrases hereof or the application thereof to any person or circumstance <br />may be held to be unconstitutional, unenforceable or invalid. <br /> <br />Section 8.07. Assignment. <br /> <br />This Installment Purchase Contract and any rights hereunder shall be assigned by the <br />Authority, in accordance with the Indenture, to the Trustee or any successor in interest to the <br />8.A. - Page 196 of 255 <br />824