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AsSOCiATiotv intends to place the Improvements Grant funds. The AssociaTiotv shall deposit the <br />Improvements Grant into an interest-bearing account in accordance with Paragraph 7(a) of this <br />contract. The Parties intend that the Improvements Grant shaii be used for apera:i�n, <br />maintenance and replacement expenses associated with the Improvements over the next fifty <br />years, but recognize and acknowledge that the Improvements Grant may cover fess than fifty <br />years of such expenses due to cost increases or to unforessen operation, maintenance and <br />replacement expenses. <br />3. Terms of agreement. This contract may be effective upon the first day written above and <br />shall remain in effect for fifty (50) years unless earlier termination occurs in accordance with this <br />contract. At the end of 50 years, this contract may be amended, renewed, or terminated as <br />provided in this Contract. � <br />4. Termination of contract for cause. The STATE shall have the right to terminate this <br />contract as follows <br />(a) If, through any cause, the ASSOCiaTiotv or Reclamation fail to fulfill in a timely and <br />proper manner obligations under this contract, or if theAssoc�ATiorv or Reclamation violates <br />any of the covenants, agreements, or stipulations of this contract, theSTATE may give written <br />notice to the ASSOCIATION and Reclamation of the default. The Assoc�aTiotv and <br />Reclamation shall have thirty (30) days after receipt of such written notice to cure such <br />default, unless a longer period is reasonably required for cure and the ASSOC�AT�otv and <br />Reclamation commence cure within that thirty day period and diligently pursue cure to <br />completion. If the Assoc�AT�oN and Reclamation do not timely cure the default, and without <br />prejudice to its other rights or remedies at law or in equity, the STATE may terminate this <br />contract by giving written notice to the AssoC�AT�oN and Reclamation. Termination shall be <br />effective as of the date of the written notice or such other date as may be specified in the <br />notice. <br />(b) If the STATE determines, in its sole discretion, that the Recovery Program has ceased <br />to be in effect or to serve its intended purposes, theSTaTE shall thereupon have the right to <br />terminate this contract for cause by giving written notice to all Parties of such termination and <br />specifying the effective date thereof, at least three months before the effective date of such <br />termination. Prior to determining that the Recovery Program has ceased to be in effect or to <br />serve its intended purposes, the STaTE shall meet with the AssociATiotv and Reclamation to <br />discuss the status of the Recovery Program. The Assoc�aTioN shall not expend any <br />Improvements Grant funds after five working days after receiving such notice from theSTATE <br />unless otherwise agreed by the STATE, the ASSOCIATION, and Reclamation. <br />5. Restoration of funds to State. All Parties agree that if this contract is terminated, the <br />Association shall return all Improvements Grant funds, including interest thereon, which have not <br />been expended on Improvements costs to the STATE within thirty days after the effective <br />termination date. The STArE shall deposit said funds into the Construction Fund Fish and Wildlife <br />Resources Account. <br />6. Contract Relationship. The parties to this contract intend that the relationship between <br />them contemplated by this contract is that of grantor and grantee, not employer-employee nor <br />principal-agent. No employee, agent, or sQrvant of theAsSOCiATio►v or Reclamation shall be, or <br />shall be deemed to be, an employee, agent, or servant of the STATE. <br />Page 3 of 11 <br />