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Binding Effect: This Modification 2 will take effect immediately upon execution by both parties hereof <br /> and will inure to the benefit and be binding upon the administrators, successors and assigns of the parties <br /> hereto. <br /> CITY OF SAN MARCOS: <br /> By: <br /> Bert Lumbreras, City Manager Date <br /> TEXAS STATE UNIVERSITY: <br /> By: <br /> Walter E. Horton, Jr., Ph.D. Date <br /> Chief Research Officer <br /> 7 <br />