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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 IC1Sp@Ct10C1S SI1al) COVef �lE' C011CIItlOf1 Of t1'1G' PROJECT 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 shatt <br />not be construed nor interpreted as an approval ofi the actual design, construction or <br />operation of any element of the PRO�ECr facili6es. <br />2. Applicable Laws. The BoRROwER shall stric�y adhere to all applicable federal, state, <br />and local laws and regulations that are in effect or may hereafter be estabiished <br />throughout the #erm of this contract. <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 oontract intend that the relationship <br />between them under this contract is that of lender-borrower, not employer-employee. <br />No agent, emptoyes, or senrant of the BoRROwER shall be, or shall be deemed to be, an <br />employee, agent, or servant of #he CWCB. The BoRROwER shall be solely and entirefy <br />responsible for its acts and the acts of its agents, employees, servants, engineering <br />firms, construction firms, and subcontractors during the term of this contract. <br />6. Integration of Terms. This contract is intended as the complete integration of all <br />understandings between the parties. No prior or contemporaneous addition. deletion, or <br />other amendment hereto shail have any force or effect whatsoever unless embodied <br />herein in writing. No subsequent novation, renewal, addition, deletion, or other <br />amendment hereto shail have any fvrce or effect unless embodied in a written contract <br />executed and approved pursuant to SrAr� fiscai rules, unless expressly provided for <br />herein. <br />7. Controlling Terms. In the event of conflicts or inconsistencies betwesn the terms of <br />this contract and conditions as set focth in any of the appendices, such conflicts or <br />inconsistenaes shall be resolved by reference to the documents in the following order of <br />priority: (1) Coiorado Speaal Provisions, (2) the remainder of this contract, and (3) the <br />Appendices. <br />8. Casualty and Eminen4 Domain. lf, at any time, during the term of this contract, (a) the <br />BORROWER�S PROJECT faCtll�!@S including buildings or any portion thereof, are damaged <br />or destroyed, in whole or in part, by fire or other casuatty, or (b) title to or use of the <br />PRO��cT facilities or any part thereof shall be taken under the exercise of the power of <br />eminent domain, the BoRROwER shall cause the net proceeds of any insurance daim or <br />Page 7 of 11 <br />