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<br />.,-, <br /> <br />P. The Contractor warrants that the security interest executed <br />by the Contractor in favor of the state to secure repayment of <br />this loan is a valid security interest which shall be binding <br />against the Contractor and that the Contractor has perfected <br />this security interest such that the state has priority over all <br />other competing claims for such secured revenues. <br /> <br />Q. The Contractor warrants that by acceptance of the loan money <br />pursuant to the terms of this contract and by the Contractor's <br />representation herein, the Contractor shall be estopped from <br />asserting for any reason that it is not authorized or obligated <br />to repay the loan money to the state as r~Jr~ by this <br />contract. ~~)t\ <br /> <br />R. No monies will become available ~~~t~s c~act unless an <br />equal amount is made available by tHll~t :Jofjras the equal <br />cost-share for the project. '-'JlJlr <br /> <br />S. All notices, correspondence, or other document~equired by <br />this contract shall be delivered or mailed to the following <br />addresses: <br /> <br />1. For the state: <br /> <br />2. For the Contractor: <br /> <br />David W. Walker, Director <br />Colorado Water Conservation Board <br />721 state Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Frank Akers <br /> <br />The Windsor Reservoir and <br />Canal Company <br />P.O. Box 206 <br />Eaton, CO 80615 <br />Attn: Elmer R. Gustafson <br />President <br /> <br /> <br />4288.doc <br /> <br />Page 9 of 11 Pages <br />