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16. Governing Law. <br />• Notwithstanding the place where this Agreement may be executed by any of the parties <br />hereto, the parties expressly agree that all terms and provisions hereof shall be construed <br />and enforced in accordance with the laws of the Commonwealth of Virginia. <br />17. Execution and Delivery of Agreement. <br />a. The date upon which this Agreement shall be finally executed by the authorized <br />representative of the Seller, and afterwards that of Purchaser shall be the effective <br />date ("Effective Date") hereof. <br />b. Settlement under this Agreement, and the acceptance of delivery and recordation <br />of the Deed from Seller, shall be expressly subject to and contingent upon final <br />written approval of the Governor of Virginia or his designee, which shall be <br />appended to and recorded with the Deed from Seller, and which final approval is <br />required by Virginia Code §2.2-1149. The Purchaser may immediately terminate <br />this Agreement upon the decision of the Governor, or his designee, not to give <br />final written approval of this acquisition. (The Rector and Visitors of the <br />University of Virginia currently holds authority to act as the Governor's designee <br />for approvals relating to acquisitions by Purchaser under §2.2-1149) <br />• IN WITNESS WHEREOF, the parties have hereunto set their hands and seals. <br />SELLER: CITY OF CHARLOTTESVILLE <br />CHARLOTTESVILLE, VIRGINIA <br />Gary B. O'Connell <br />City Manager <br />COMMONWEALTH OF VIRGINIA <br />City of Charlottesville, to wit: <br />The foregoing instrument was acknowledged before me this day of <br />2002 by Gary B. O'Connell, City Manager of the City of Charlottesville, on behalf of said entity, <br />in my jurisdiction aforesaid. <br />My commission expires <br />• <br />Notary Public <br />7 <br />