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d. Commercial general liabifity insurance with minimum limits of $1,000,000 combined single limit for each occurrence and $2,000,�00 general aggregate. This insurance coverage shall include products/completed operations and bodily injury/property damage. C. GENERAL PROVISIONS Periodic Inspections. Throughout the term of this contract, the BoRROwER shall permit a designated representative of the CWCB to make periodic inspections of the PRO�ECT. Such inspections shall cover the condition of the PROJECT operating records, maintenance records, and financial records. These inspections are solely for the purpose of verifying compliance with the terms and conditions of this contract and shall not be construed nor interpreted as an approval of the actual design, construction or operation of any element of the PRO��cT facilities 2. Appiicabie Laws. The BoRROwER shaii and local laws and regulations that ar� throughout the term of this contract. sfrictly adhere to al� appiicable fiederal, sfate, in effect or may hereafter be established 3. Designated Agent Of The CWCB. The CWCB's employees are designated as the agents of the CWCB for the purpose of this contract. 4. Assignment. The BoRROwER may not assign this contract except with the prior written approval of the CWCB. 5. Contract Relationship. The parties to this contract intend that the relationship between them under this confract is that of lender-borrower, not employer-employee. No agent, employee, an employee, agent, entirely responsible engineering firms, c contract. or servant of the BoRROwER shall be, or shall be deemed to be, or servant of the CWCB. The BoRROwER shall be solely and or its acts and the acts of its agents, employees, servants, mstruction firms, and subcontractors during the term of this 6. Integration Of Terms. This contract is intended as the complete integration of all understandings betwezn the parties. No prior or contemporaneous addition, deletion, or other amendment hereto shall have any force or effect whatsoever unless embodied herein in writing. No subsequent novation, renewal, addition, deletion, or other amendment hereto shalt have any force or effect unless embodied in a written contract executed and approved pursuant to STaTE fiscal rules, unless expressly provided for herein. 7. Controlling Terms. In the event of conflicts or inconsistencies between the terms of this contract and conditions as set forth in any of the appendices, such conflicts or inconsistencies shall be resolved by reference to the documents in the following order of priority: (1) Colorado Special Provisions, (2) the remainder of this contract, and (3) the Appendices. 8. CWCB May Release Contract. In its sole discretion, the CWCB may at any time give any consent, deferment, subordination, release, satisfaction, or termination of any or all Of thG' BORROWER obligations under this contract, with valuable consideration, upon such terms and conditions as the CWCB may determine to be advisable to further the purposes of this contract or to protect the CWCB's financial interest therein, and Page 7 of 10