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confidentiality of information provided by actual or potential Program Loan borrowers. <br /> 7.4. Noullab ill ty of Banks, The relationship between the Company and the <br /> Banks is, and shall at all times remain, solely that of borrower and lenders. The Banks do <br /> not undertake or assume any responsibility or duty to the Company to review, inspect, <br /> supervise, pass judgment upon, or inform the Company in connection with any phase of <br /> the Company's operations, Program Loans, or otherwise. <br /> 7.5. Obligations Several, Unless otherwise expressly provided for herein, each <br /> Bank's obligations under this Agreement are several, and not joint. No Bank shall be <br /> responsible for the obligations of any other Bank, nor will the failure of any Bank to <br /> perform any of its obligations under this Agreement relieve any other Bank from the <br /> performance of its respective obligations. <br /> 7.6. Applicable Law, The parties intend that North Carolina law shall govern <br /> all matters pertaining to this Agreement. <br /> 7.7. Notices. (a) All notices, requests, approvals, demands and other <br /> communications given or made in connection with the terms and provisions of this <br /> Agreement shall be in writing (unless otherwise provided for in this Agreement) and shall <br /> be deemed to have been given or made when either delivered by hand or shown as <br /> delivered by a receipt for delivery from the United States Postal Service, and sent as <br /> follows: <br /> (1) If to the Company, to its President, at Orange County Small <br /> Business Loan Program Company, c/o Bank of America, N.A., Post Office Box <br /> 570, Chapel Hill, NC 27514-0570, with a copy to its Secretary-Treasurer, at <br /> Orange County Small Business Loan Program Company, Post Office Box 1177, <br /> Hillsborough, NC 27278; or, <br /> (2) If to the County, to Orange County Manager, Attn: Small Business <br /> Loan Program Notice, 200 South Cameron St., Hillsborough,NC 27278; or <br /> (3) If to the Banks, as indicated on each Bank's respective signature <br /> page to this Agreement. <br /> (c) Any addressee may designate additional or different addresses for <br /> communications by notice given under this Section to each of the others. <br /> 7.8. Severability. The provisions of this Agreement are declared to be <br /> severable. If any court of competent jurisdiction shall hold any provision of this <br /> Agreement to be invalid and unenforceable, such holding shall not invalidate any other <br /> provision hereof. <br /> 9 <br />