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Holder believes, in good faith, that its interests are <br />adequately represented. <br />7. Governing Law. <br />This Note shall be interpreted, construed and enforced <br />according to the laws of the State of California. <br />S. Captions. <br />The captions of the paragraphs of this Note are for the <br />purposes of convenience only and are not intended to be part of <br />this Note and shall not be deemed to modify, explain, enlarge -or <br />restrict any of the provisions hereof. <br />9. Time of Essence. <br />Time is of the essence , for the performance of each and <br />every covenant of Maker hereunder. <br />APPROVED AS TO FORM <br />MICHAEL ROUSH <br />City Attorney <br />Dated: September 28, 1992 <br />"MAKER" <br />CITY OF PLEASANTON <br />DEBORAH ACOSTA <br />City Manager <br />Dated: September 28, 1992 <br />e:\L-p\Hn\docs\promise.nte (9/16/92) 5 <br />