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11. 03. Compliance With Laws. River Ridge shall comply with all applicable City ordinances and regulations in connection with the construction of the Sanitary Sewer Interceptor. This Agreement shall be subject to all valid and applicable rules, regulations, laws, and court judgments and orders of or with the United States of America, the State of Texas, or any governmental body, agency or court having lawful jurisdiction of the city of San Marcos with respect to the matters set out herein. 11. 04. Termination. This Agreement shall terminate (i) if the Construction Contracts have not been executed within one hundred twenty (120) days after the approval by the City of this Agreement unless four out of six of the parties hereto other than the City elect in writing not to terminate this Agreement or (ii) if construction has not started by December 31, 1986 unless four out of six of the parties hereto elect in writing not to terminate this Agreement. In any event, this Agreement shall terminate at any time upon the unanimous agreement of all the parties hereto. 11. 05. Attorney's Fees. In the event it becomes necessary to employ an attorney or attorneys to enforce the conditions of this Agreement against any defaulting party, the non-prevailing party shall pay all costs and expenses and reasonable attorney's fees incurred in connection with the enforcement of this Agreement upon final settlement, whether by agreement or judgment, against the defaulting party. 11. 06. Successors and Assigns. This Agreement shall be binding upon the parties hereto and their respective heirs, successors and assigns. 11. 07. Amendment. Any amendment or modification of this Agreement shall be in writing, signed by the parties hereto. 11. 08. Time of Essence. Time is of the essence to this Agreement. 11. 09. Governing Law. This Agreement shall be construed in accordance with the laws of the State of Texas and venue shall lie in Hays County, Texas. 11.10. Parti,s Benefitted. Except as otherwise expressly provided herein, nothing in this Agreement, express or implied, is intended to confer on any person, other than the parties hereto, and their heirs, successors and assigns, any benefits, rights or remedies under, or by reason of this Agreement. 11.11. Effective Date. This Contract shall be effective on the date executed by the City of San Marcos. 7 15/1026/3