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13. Applicable Law This Purchase Contract shall be interpreted, governed and
<br /> enforced in accordance with the laws of the State of California applicable to contracts made and
<br /> performed in such State
<br /> 14 Compliance with Anti-Corruption Laws, Sanctions Laws and Regulations
<br /> (a) The Issuer is acting for itself and for no other Person or entity in requesting purchase
<br /> of the Bonds, the Issuer has implemented and maintains in effect policies and procedures
<br /> designed to ensure compliance by itself, its subsidiaries, affiliates and their respective directors,
<br /> officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the
<br /> Issuer, its subsidiaries, affiliates and their respective officers and employees and to the
<br /> knowledge of the Issuer its respective directors and agents, are in compliance with Anti-
<br /> Corruption Laws and applicable Sanctions in all material respects, none of (i) Issuer, any
<br /> subsidiary, affiliate or any of their respective directors, officers or employees, or (ii) to the
<br /> knowledge of Issuer, any agent of Issuer, any subsidiary or affiliate that will act in any capacity
<br /> in connection with or benefit from the credit facility established hereby, is a Sanctioned Person,
<br /> and no use of proceeds or other transaction contemplated by this Agreement will violate Anti-
<br /> Corruption Laws or applicable Sanctions
<br /> (b) The City is acting for itself and for no other Person or entity in requesting purchase
<br /> of the Bonds, the City has implemented and maintains in effect policies and procedures designed
<br /> to ensure compliance by itself, its subsidiaries, affiliates and their respective directors, officers,
<br /> employees and agents with Anti-Corruption Laws and applicable Sanctions, and the City, its
<br /> subsidiaries, affiliates and their respective officers and employees and to the knowledge of the
<br /> City its respective directors and agents, are in compliance with Anti-Corruption Laws and
<br /> applicable Sanctions in all material respects, none of(i) City, any subsidiary, affiliate or any of
<br /> their respective directors, officers or employees, or (ii) to the knowledge of City, any agent of
<br /> City, any subsidiary or affiliate that will act in any capacity in connection with or benefit from
<br /> the credit facility established hereby, is a Sanctioned Person, and no use of proceeds or other
<br /> transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable
<br /> Sanctions
<br /> (c) For purposes of this Section 13, the following terms shall have the following
<br /> meanings "Anti-Corruption Laws" means all laws, rules, and regulations of any jurisdiction
<br /> applicable to the Issuer or the City or any of its subsidiaries or affiliates from time to time
<br /> concerning or relating to bribery or corruption "OFAC" means the Office of Foreign Assets
<br /> Control of the U S Department of the Treasury "Person" means an individual, a corporation, a
<br /> partnership, an association, a joint stock company, a joint venture, a trust, an unincorporated
<br /> organization, or any other entity or organization including a government or any agency or
<br /> political subdivision or instrumentality thereof "Sanctioned Country" means, at any time, a
<br /> country, region or territory that has been explicitly designated by the U S government as the
<br /> subject or target of any Sanctions (which, at the time of signing this Agreement, includes the
<br /> Crimean region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria) "Sanctioned Person"
<br /> means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
<br /> maintained by OFAC, or the U S Department of State, or by the United Nations Security
<br /> Council, the European Union or any European Union member state, (b) any Person that is a
<br /> citizen of, organized under the laws of, or operating or resident in a Sanctioned Country or (c)
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