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<br />e <br /> <br />e <br /> <br />other than the CWCB or in any other manner. <br /> <br />10. Remedies For Default. Upon default in the payments to be made by the BORROWER <br />under this contract, or if the BORROWER fails to comply with any provision of this contract, <br />the CWCB, at its option, may: <br /> <br />a. suspend this contract and withhold further loan disbursements pending corrective <br />action by the BORROWER, and if the BORROWER does not cure the default as provided <br />for below, permanently cease loan disbursements and deem the PROJECT <br />substantially complete; <br /> <br />b. declare the entire principal amount, accrued interest, and late charges, if any, then <br />outstanding immediately due and payable; <br /> <br />c. exercise its rights under any appendices to this contract, including, but not limited to, <br />the Promissory Note and/or Security Agreement; and/or <br /> <br />d. take any other appropriate action. <br /> <br />The CWCB shall provide written notice to the BORROWER of any such default and shall <br />give the BORROWER an opportunity to cure within thirty (30) days of receipt of such <br />notice, All remedies described herein may be simultaneously or selectively and <br />successively enforced. The CWCB may enforce the provisions of this contract at its <br />option without regard to prior waivers of previous defaults by the BORROWER, through <br />judicial proceedings to require specific performance of this contract, or by such other <br />proceedings in law or equity as may be deemed necessary by the CWCB to ensure <br />compliance with provisions of this contract and the laws and regulations under which this <br />contract is executed. The CWCB's exercise of any or all of the remedies described <br />herein shall not relieve the BORROWER of any of its duties and obligations under this <br />contract. <br /> <br />11. BORROWER'S Indemnification Of The eWeB. The BORROWER shall, without expense or <br />legal liability to the CWCB, manage, operate, and maintain the PROJECT continuously in <br />an efficient and economical manner. The BORROWER agrees to indemnify and hold the <br />CWeB harmless from any liability incurred by the CWCB as a result of the CWCB's <br />interest in the PROJECT facilities and any other property identified in the Project Summary, <br />Section 3. <br /> <br />12. BORROWER'S Liability Insurance. Upon execution of this contract and continuing until <br />complete repayment of the loan is made to the CWCB, the BORROWER shall maintain <br />commercial general liability insurance with a company that is satisfactory to the CWCB <br />covering the management, operation, and maintenance of the PROJECT with minimum <br />limits of $1,000,000 combined single limit for each occurrence and $2,000,000 general <br />aggregate, including products/completed operations and personal injury. <br /> <br />Said general liability insurance shall name the CWeB as additional insured. The <br />BORROWER shall provide the CWCB with a certificate of said insurance and an additional <br /> <br />Page 5 of 13 <br /> <br />Loan Contract <br />