Laserfiche WebLink
or destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the <br />PRO�ECT facilities or any part thereof shail be taken under the exercise of the power of <br />eminent domain, the BoRROwER shall cause the net proceeds of any insurance claim or <br />condemnation award to be applied to the prompt replacement, repair and restoration of <br />the PRO�ECT facilities or any portion thereof, or to repayment of this loan. Any net <br />proceeds remaining after such work has been completed or this loan has been repaid, <br />shall be retained by the BoRROwER. If the net insurance proceeds are insufficient to <br />pay the full cost of the replacement, repair and restoration, the BORROWER sha8 <br />complete the work and pay any cost in excess of the net proceeds. In the event <br />BoRROwER chooses to repay the loan, BoRROwER shall remain responsible for the full <br />loan amount outstanding regardless of the amount of such insurance proceeds or <br />condemnation award. <br />9. Captions. The captions and headings contained in this contract are for convenience <br />and reference only and shal! not be construed so as to define or limit the terms or <br />provisions contracted herein. <br />10. CWCB's Approval. This contract requires review and approval of plans, specifications, <br />and various other technical and legal documents. The CWCB's review of these <br />documents is only for the purpose of verifying BoRROwER's compliance with this <br />contract and shall not be construed or interpreted as a technical review or approval of <br />the actual design or construction of the PRO�ECT. Notwithstanding any consents or <br />approvals given to the BoRROwER by the CWCB on any such documents BORROWER <br />and any of its consultants, by preparing any such documents, shall be sofely <br />responsible for the accuracy and completeness of any of said documents. <br />11. Waiver. The waiver of any breach of a term of this contract shall not be construed as a <br />waiver of any other term, or of any subsequent breach of the same term. <br />12. Addresses for mailing. All notices, correspondence, or other documents required by <br />this contract shall be delivered or mailed to the addresses shown in the Section 1 <br />�BORROWER Information) of the Project Summary, for the BORROWER and to the <br />address below for the CWCB: � <br />Colorado Water Conservation Board <br />Attn: Construction Fund Section <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br />Page 8 of 11 <br />