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Construction Firms and their subcontractors to indemnify the CWCB and the <br />BORROWER against all liability and loss and against all claims and actions based upon <br />or arising out of damage or injury, including death, to persons or property, caused by <br />any acts or omissions of those parties or sustained in connection with the performance <br />of any contract related to the PRO�ECT or by conditions created thereby, or based upon <br />any violation of any statute, ordinance, or regulation, and the defense of any such <br />claims or actions. <br />6. Liability Insurance During Construction. During construction of the PRO�ECT, the <br />BoRROwER shall require the construction firm(s) and any subcontractors to maintain the <br />following insurance coverage in the limits shown during the term of their contracts for <br />the construction of the PRO�ECT. The BoRROwER shall provide the CWCB with an Acord <br />Form 27 evidencing said insurance prior to commencement of construction, maintained <br />until construction is complete, and shall provide the CWCB with documentation of <br />renewals of said insurance. No payments shall be made to the BoRROwER unless all <br />insurance certificates are current. <br />a. Builder's risk insurance for construction in progress for all perils of loss including fire, <br />wind, hail, and vandalism in an amount equal to the completed value of the <br />PROJECT. <br />b. WoFker's compensation and employer's liability insurance in the required statutory <br />amounts. <br />c. Automobile liability insurance that includes coverage for all owned, non-owned and <br />hired vehicles with minimum limits of $1,000,000 combined single limit for bodily <br />injury.and property damage. <br />d. Commercial general liability insurance with minimum limits of $1,000,000 combined <br />single limit for each occurrence and $2,000,000 general aggregate. This insurance <br />coverage shall include products/completed operations and bodily injury/property <br />damage. <br />C. GENERAL PROVISIONS <br />1. Periodic Inspections. Throughout the term of this contract, the BORROWER Shall <br />permit a designated representative of the CWCB to make periodic inspections of the <br />PROJECT Such inspections shall_ cover the condition of the PRO�ECT, operating records, <br />maintenance records, and financial records. These inspections are solely for the <br />purpose of verifying compliance with the terms and conditions of this contract and shall <br />not be construed nor interpreted as an approval of the actual design, construction or <br />operation of any element of the PRO�ECr facilities. . <br />2. Applicable Laws. The BoRROwER shall <br />and local laws and regulations that ar� <br />throughout the term of this contract. <br />strictly adhere to all applicable federal, state, <br />in effect or may hereafter be established <br />3. Designated Agent Of The CWCB. The CWCB's employees are designated as the <br />agents of the CWCB for the purpose of this contract. <br />4. Assignment. The BoRROwER may not assign this contract except with the prior written <br />approval of the CWCB. <br />5. Contract Relationship. The parties to this contract intend that the relationship <br />Page 6 of 9 <br />