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Severabilitv. If any provision(s) of this Development Agreement is (are) held <br />invalid, the remainder of this Development Agreement shall not be affected and <br />shall remain in full force and effect. <br /> <br />XV. <br /> <br />Entire Agreement. This Development Agreement including the Recitals and <br />Exhibits, constitute the entire understanding and agreement of the parties with <br />regard to the subject matter contained herein. <br /> <br />XVI. Warranty, of Capacity to Execute. Each party warrants that the undersigned has <br /> the capacity and authority to sign this Development Agreement on its behalf. <br /> <br />XVII. <br /> <br />Effective Date. This Development Agreement was adopted by the City Council <br />of the City pursuant to Ordinance No. __ which became effective thirty (30) <br />days thereafter. The effective date of this Development Agreement shall be the <br />date when it has been duly authorized and executed by both parties. <br /> <br />XVIII. Buyer Acknowledgement. Concurrently with the execution of this Development <br /> Agreement, Property Owner shall obtain from Centex an acknowledgement of <br /> this Development Agreement in the form attached as Exhibit F. <br /> <br />Revision #2, Draft Lin Development Agreement Page 15 of 17 <br /> <br /> <br />