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4.15 Termination For Convenience <br /> The BOARD may terminate this agreement in the event that federal or state funds are no longer available <br /> to the BOARD, or are not allocated for the purpose of meeting the BOARD'S obligations under this <br /> agreement. Termination will be effective when the BOARD sends written notice of termination to the <br /> LOCAL GOVERNMENT. Nothing in this section shall affect LOCAL GOVERNMENT obligations to <br /> repay the unpaid balance of the loan. <br /> 4.16 Governing Law and Venue <br /> This agreement shall be construed and enforced in accordance with,and the validity and performance hereof <br /> shall be governed by,the laws of the state of Washington. Venue of any suit between the parties arising out <br /> of this agreement shall be the Superior Court of Thurston County, Washington. The prevailing party is <br /> entitled to recover costs in accordance with Washington State Law(Chapter 4.84 RCW). <br /> 4.17 Severability <br /> If any provision under this agreement or its application to any person or circumstances is held invalid by any <br /> court of rightful jurisdiction,this invalidity does not affect other provisions of the agreement which can be <br /> given effect without the invalid provision. <br /> 4.18 Project Completion <br /> The BOARD will require and notify the LOCAL GOVERNMENT to initiate a Close-out Report when the <br /> activities identified in ATTACHMENT I: SCOPE OF WORK are completed. In the report, the LOCAL <br /> GOVERNMENT will provide the following information to the BOARD: <br /> 1. A certified statement of the actual dollar amounts spent, from all fund sources, in completing the <br /> project as described. <br /> 2. A certified statement that the project,as described in the Loan Agreement's Scope of Work,is <br /> complete and has been designed/constructed to required standards. <br /> 3. Certification that all costs associated with the-project have been incurred. Costs are incurred when <br /> goods and services are received and/or contract work is performed. <br /> 4. Provide a date for reporting LOCAL GOVERNMENT conformance with the performance <br /> measures identified in ATTACHMENT I: SCOPE OF WORK. <br /> • <br /> Page 8 <br /> 2005 PWTF Construction Loan Agreement <br /> 19 <br />