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The foregoing warranties and such other warranties as may be set forth in Exhibit A, Statement of Work, <br />are a part of the minimum work requirements of this contract, and as such will be at no additional cost to <br />the State. <br />16. Licenses, Permits, and Responsibilities <br />Contractor certifies that, at the time of entering into this contract, it has currently in effect all necessary <br />licenses, certifications, approvals, insurance, permits, and other authorizations required to properly perform <br />the Services and/or deliver the Goods covered by this contract. Contractor warrants that it shall maintain all <br />necessary licenses, certifications, approvals, insurance, permits, and other authorizations required to <br />properly perform this contract, without reimbursement by the State or other adjustment in contract price. <br />Additionally, all employees of Contractor performing services under this contract shall hold the required <br />licenses or certification, if any, to perform their responsibilities. Contractor, if a foreign corporation or other <br />entity transacting business in the State of Colorado, further certifies that it currently has obtained and shall <br />maintain any applicable certificate of authority to do business in the State of Colorado and has designated <br />a registered agent in Colorado to accept service of process. Any revocation, withdrawal or non-renewal of <br />licenses, certifications, approvals, insurance, permits or any such similar requirements necessary for <br />Contractor to properly perform this contract, shall be deemed to be a default by Contractor and grounds for <br />termination of this contract by the State. <br />17. Tax Exempt Status <br />Contractor acknowledges that the State of Colorado is not liable for any sales, use, excise, property or <br />other taxes imposed by any Federal, State or local government tax authority. The State also is not liable <br />for any Contractor franchise or income related tax. No taxes of any kind shall be charged to the State. <br />18. Legal Authority <br />Contractor warrants that it possesses the legal authority to enter into this contract and that it has taken all <br />actions required by its procedures, by-laws, and/or applicable laws to exercise that authority, and to lawfully <br />authorize its undersigned signatory to execute this contract and to bind Contractor to its terms. In any <br />event, Contractor agrees it shall submit voluntarily to the personal jurisdiction of the Federal and State <br />courts in the State of Colorado and venue in the City and County of Denver, Colorado. The person(s) <br />executing this contract on behalf of Contractor warrant(s) that such person(s) have full authorization to <br />execute this contract. <br />19. Compliance with Applicable Law <br />Contractor shall at all times during the execution of this contract strictly adhere to, and comply with, all <br />applicable Federal and Colorado State laws, and their implementing regulations, as they currently exist and <br />may hereafter be amended, which laws and regulations are incorporated herein by this reference as terms <br />and conditions of this contract. Contractor also shall require compliance with such laws and regulations by <br />subcontractors under subcontracts permitted under this contract. <br />REMEDIES <br />20. Remedies <br />In addition to any other remedies provided for in this contract, and without limiting the remedies otherwise <br />available at law or in equity, the State may exercise the following remedial actions if Contractor <br />substantially fails to satisfy or perform the duties and obligations in this contract. "Substantial failure" to <br />satisfy duties and obligations shall be defined to mean material, insufficient, incorrect or improper <br />performance, activities, or inaction by Contractor. These remedial actions are as follows: <br />(a) Suspend Contractor's performance pending necessary corrective action as specified by the <br />State, without Contractor's entitlement to adjustment in price/cost or schedule. Furthermore, at <br />the State's option, a directive to suspend may include suspension of this entire contract or any <br />Page 7 of 15 <br />