C150058A PIF Contract - Laserfiche WebLink

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and financial records. These inspections are solely for the purpose of verifying compliance with the terms and conditions of this contract and shall not be construed nor interpreted as an approval of the actual design, construction or operation of any element of the PROJECT facilities. 2. Adhere To Applicable Laws. The BoRROwER shall strictly adhere to all applicable federal, state, and local laws and regulations that are in effect or may hereafter be established throughout the term of this contract. 3. Designated Agent Of The SrATe. The CWCB's agents and employees are hereby designated as the agents of the CWCB for the purpose of this contract. 4. Contract Is Not Assignable. The BoRROwER may not assign this contract except with the prior written approval of the CWCB. 5. Contract Relationship. The parties to this contract intend that the relationship between them under this contract is that of lender-borrower, not employer-employee. No agent, employee, or servant of the BoRROwER shall be, or shall be deemed to be, an employee, agent, or servant of the CWCB. The BoRROwER shall be le ' ely responsible for its acts and the acts of its agents, employees, servants, engine ' struction firms, and subcontractors during the term of this contract. 6. Complete Integration Of All U r a i~eement is intended as the complste integration of all understandings en ' e~ es. No prior or contemporaneous addition, ~ deletion, or other amendment h shall have any force or effect whatsoever unless embodied herein in writing. No subsequent novation, renewal, addition, deletion, or other amendment hereto shaff have any force or effect unless embodied in a written contract executed by both parties and approved pursuant to State fiscal rules. 7. In Event Of A Conflict. In the event of conflict between the terms of this contract and conditions as set forth in any of the appendices, the provisions of tf~is contract shall control. 8. CWCB May Release Contract. In its sole discretion, the CWCB may at any time give any consent, deferment, subordination, release, satisfaction, or termination of any or all of the BORROWER's obligations under this contract, with valuable consideration, upon such terms and conditions as the CWCB may determine to be advisable to further the purposes of this contract or to protect the CWCB's financial interest therein, and consistent with both the statutory purposes of this contract and the limitations of the statutory authority under which it is made. 9. Casualty and Eminent Domain. If, at any time, during the term of this contract, (a) the BORROWER's PROJECT facilities including buildings or any portion thereof, are damaged or destroyed, in whole or in part, by fire or other casualty, or (b) title to or ~se of the PRO~ECT facilities or any part thereof shall be taken under the exercise of the power of eminent domain, the BoRROwER shall cause the net proceeds of any insurance claim or condemnation award to be applied to the prompt replacement, repair and restoration of the PRO~ECT facilities or any portion thereof, or to repayment of this loan. Any net proceeds remaining after such work has been completed shall be retained by the BoRROwER. If the net insurance proceeds are insufficient to pay the full cost of the replacement, repair and restoration, the BoRROwER shall complete the work and pay any cost in excess of the net proceeds. In the event Borrower opts to repay the loan, Borrower shall remain responsible for the full loan amount outstanding regardless of the amount of such insurance proceeds or condemnation award. 10. Captions. The captions and headings contained in this contract are for convenience and reference only and shall not be construed so as to define or limit the terms or provisions contracted herein. 11. CWCB's Approval. This contract requires review and approval of plans, specifications, and Page 7 of 9