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� <br />� <br />13. Additional Contract Requirements. Any additional contract requirements are set <br />forth in Additional Contract Requirement (Section 6) of the Project Summary. <br />B. PROJECT PROVISIONS <br />1. <br />2 <br />3. <br />Construction Fund Program Procedures. During the completion of the PRO�ECT, the <br />BORROWER shall adhere to the CWCB Construction Fund Program Procedures <br />(Section 7), of the Project Summary. <br />Eligible Expenses. The PRO�ECT expenses for which the BoRROwER is eligible for <br />loan disbursements are listed in Eligible Expenses (Section 8) of the Project <br />Summary. <br />Loan Disbursements. The CWCB shall disburse loan funds in accordance with the <br />Disbursement Schedule (Seetion 9) of the Project Summary. <br />4. Time for PerFormance. The BotzROwER recognizes that time is of the essence in the <br />performance of all of its obligations under this contract. Therefore, the BORROWER shall <br />complete the PRO�ECT within the time specified in Time for Performance (Section 10) of <br />the Project Summary. <br />5. Indemnification By The Construction Firm. The BORROWER shall require all <br />Construction Firms and their subcontractors to indemnify the CWCB and the <br />BORROwER against all (iability and loss and against all claims and actions based upon <br />or arising out of damage or injury, includin d th, to persons or property, caused by <br />any acts or omissions of those part' in connection with the performance <br />of any contract related to the PRO�E tions created thereby, or based upon <br />any violation of any statute, ordin nce, or re ul t' , and the defense of any such <br />claims or actions. <br />6. Liability Insurance During C��cti�t . onstruction of the PRO�ECT, the <br />BoRROwER shall re uire the co►i3truction firm s and an subcontractors to maintain the <br />q �) Y <br />following insurance coverage in the limits shown during the term of their contracts for <br />the construction of the PRO�ECT. The BoRROwER shall provide the CWCB with an Acord <br />Form 27 evidencing said insurance prior to commencement of construction, maintained <br />until construction is complete, and shall provide the CWCB with documentation of <br />renewals of said insurance. No payments shall be made to the BoRROwER unless all <br />insurance certificates are current. <br />a. Builder's risk insurance for construction in progress for all perils of loss including fire, <br />wind, hail, and vandalism in an amount equal to the completed value of the <br />PROJECT. <br />b. Worker's compensation and employer's liability insurance in the required statutory <br />amounts. <br />c. Automobile liability insurance that includes coverage for all owned, non-owned and <br />hired vehicles with minimum limits of $1,000,000 combined single limit for bodily <br />injury and property damage. <br />d. Commercial general liability insurance with minimum limits of $1,000,000 combined <br />single limit for each occurrence and $2,000,000 general aggregate. This insurance <br />coverage shall include products/completed operations and bodily injury/property <br />damage. <br />C. GENERAL PROVISIONS <br />1. Periodic Inspections. Throughout the term of this contract, the BORROWER Sh811 <br />permit a designated representative of the CWCB to make periodic inspections of the <br />PROJECT Such inspections shall cover the condition of the PRO�ECT, operating records, <br />Page 4 of 8 <br />