Laserfiche WebLink
<br />7. The ORIGINAL CONTRACT is amended by the addition of the following: <br /> <br />16. Contract Amendment Service Fees. Under certain circumstances, the BORROWER <br />shall be assessed a fee for amending the contract. <br /> <br />a. A service fee shall be imposed on the BORROWER for amendments processed for <br />the benefit of the BORROWER and necessary for the BORROWER'S course of <br />business, including, but not limited to, a change in borrower name (novation), <br />assignment of contract, substitution of collateral, loan payment deferments in <br />excess of 3 per loan, and loan consolidation. Amendments in the course of <br />CWCB business, including, but not limited to, the first three loan payment <br />deferments and changes in terms of loan repayment will be processed at no <br />additional charge to the BORROWER. <br /> <br />b. The amount charged shall be the fee rate structure in accordance with the <br />CWCB Loan Service Charge Policy in effect at the time the BORROWER shall <br />request an amendment. The current fee for an amendment is $1,000. <br /> <br />c. The BORROWER shall remit the service fee to the CWCB prior to initiation of the <br />amendment. Any service fee remitted to the CWCB cannot be refunded. <br /> <br />Special Provision 9. VENDOR OFFSET. CRS 24-30-202 (1) & CRS 24-30-202.4 <br /> <br />Pursuant to CRS 24-30-202.4 (as amended), the State Controller may withhold debts owed to <br />State agencies under the vendor offset intercept system for: (a) unpaid child support debt or <br />child support arrearages; (b) unpaid balance of tax, accrued interest, or other charges <br />specified in Article 21, Title 39, CRS; (c) unpaid loans due to the Student Loan Division of the <br />Department of Higher Education; (d) owed amounts required to be paid to the Unemployment <br />Compensation Fund; and (e) other unpaid debts owing to the State or any agency thereof, the <br />amount of which is found to be owing as a result of final agency determination or reduced to <br />judgment as certified by the controller. <br /> <br />Special Provision 10. Software Piracy Prohibition Governor's Executive Order <br /> <br />No State or other public funds payable under this Contract shall be used for the acquisition, <br />operation or maintenance of computer software in violation of United States copyright laws or <br />applicable licensing restrictions. The Contractor hereby certifies that, for the term of this <br />Contract and any extensions, the Contractor has in place appropriate systems and controls to <br />prevent such improper use of public funds. If the State determines that the Contractor is in <br />violation of this paragraph, the State may exercise any remedy available at law or equity or <br />under this Contract, including, without limitation, immediate termination of the Contract and <br />any remedy consistent with United States copyright laws or applicable licensing restrictions. <br /> <br />8. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, variance, or <br />contradiction between the provisions of this Amendment and any of the provisions of the <br />ORIGINAL CONTRACT, the provisions of this Amendment shall in all respects supersede, <br />govern, and control. The SPECIAL PROVISIONS shall always be controlling over other <br />provisions in the contract or amendments. The representations in the SPECIAL PROVISIONS <br />concerning the absence of bribery or corrupt influences and personal interest of STATE <br />employees are presently reaffirmed. <br /> <br />9. This amendment shall not be deemed valid or effective until the controller of the State of <br />Colorado, or such assistant as he may designate, shall have approved it. <br />Page 3 of 4 <br />