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-26- <br /> Section 5.14. Law Governing. This Contract shall be governed exclusively by the provisions hereof and by the laws of the State of California as the same from time to time exist. Section 5.15. Third Parties Benefited. This Contract is made and entered into for the benefit of LAVWMA, the Members, the holders of the Bonds and the trustee for the Bonds designated pursuant to Section 6.01 of the Indenture, and their permitted successors and assigns, and no other persons or entities shall have any right of action here. The trustee for the Bonds and any financial institution providing municipal bond insurance or a letter of credit to service the Bonds will be an express third party beneficiary of this Contract. Section 5.16. Article and Sections Headings. The headings or titles of the several articles and sections hereof, and any table of contents appended hereto, shall be solely for convenience of reference and shall not affect the meaning, construction or effect of this Contract. All references herein to “Articles,” “Sections” and other subdivisions are to the corresponding articles, sections or subdivisions of this Contract; and the words “herein,” “hereof,” “hereunder,” “hereinafter” and any other words of similar import refer to this Contract as a whole and not to any particular article, section or subdivision hereof. Section 5.17. Execution in Counterparts; Electronic Signature. This Contract may be executed in any number of counterparts, each of which shall be deemed to be an original, but all together shall constitute but one and the same Contract. Each of the undersigned hereby agrees that its electronic signatures or other electronic indication of execution on all documents related to this Contract and the 2021 Bonds, and the electronic signature or other electronic indication of execution of other parties related to this Contract and the 2021 Bonds, shall be treated the same and have the same legally binding and enforceable effect as original manual signatures.