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the principal amount of the Federal Securities and the earnings thereon to pay the Defeased Bonds. So long as the Escrow Holder applies any moneys, the Federal Securities and securities purchased hereunder and the interest earnings therefrom to pay the Defeased Bonds as provided herein, and complies fully with the terms of this Agreement, the Escrow Holder shall not be liable for any deficiencies in the amounts necessary to pay the Defeased Bonds caused by such calculations. Section 12. Term. This Agreement shall commence upon its execution and delivery and shall terminate when the Defeased Bonds have been paid and discharged in accordance with the proceedings authorizing the Defeased Bonds, and all. amounts held by the Escrow Holder hereunder have been applied in accordance herewith. Section 13. Severability. If any one or more of the cove- nants or agreements provided in this Agreement on the part of the City or the Escrow Holder to be performed should be determined by a court of competent jurisdiction to be contrary to law, such covenant or agreements herein contained shall be null and void and shall be severed from the remaining covenants and agreements and shall in no way affect the validity of the remaining provisions of this Agreement. SECTION 14. Amendments to this Agreement. This Agreement is made for the benefit of the City, the County and the holders from time to time of the Defeased Bonds and it shall not be repealed, revoked, altered or amended in whole or in part without the written consent of all affected holders, the Escrow Holder, the County and the City; provided, however, that the City, the County and the Escrow Holder may, without the consent of, or notice to, such holders, enter into such agreements supplemental to this Agreement as shall not adversely affect the rights of such holders and as shall not be inconsistent with the terms and provisions of this Agreement, for any one or more of the following purposes: (a) to cure any ambiguity or formal defect or omission in this Agreement; (b) to grant to, or confer upon, the Escrow Holder, for the benefit of the holders of the Bonds and the Defeased Bonds any additional rights, remedies, powers or authority that may lawfully be granted to, or conferred upon, such holders or the Escrow Holder; and (c) to subject to this Agreement additional funds, securities or properties. The Escrow Holder shall, at its option, be entitled to rely exclusively upon an opinion of nationally recognized attorneys on the subject of municipal bonds acceptable to the City and the County with respect to compliance with this Section, including the 1:3