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damage. <br />C. GENERAL P�tOVISIONS <br />1. Periadic Inspec�ions, Througl�out the fierm of this contract, the Bo�t�tow�R shall <br />permft a designated repre��ntative of tMe CWCB to make periodic inspectic�ns ctf the <br />Pr�o.�ECT. �ucM inspecfiions shal! eover the condi#ion of the PRO��cr, operating records, <br />mainfienance records, and fiinancial records. These inspections are solely for the <br />purpose of verifying corr�pli,ance with the terms and cond'rtions of this con#raet and shall <br />not be consfirued nor interpreted as an appraval of the actual d�sign, cvnstruction or <br />operafiion of ar�y element ofi the PRO��cT fiacilifiies. <br />2. Appli�alale Laws. The BQt��tow�� shall strictly �dhere to all applicable federal, stafie, <br />and local laws and regtala#ians fihat are in ef�ect or may hereaffier be established <br />throughout the fierm o# fihis contract. <br />3• [�esignat�d Agen# �f The CWCB. The CWCB's employees are de�igna#ed as fihe <br />agents of the CWCB for fihe purpo�e of fih�is confiract. <br />4. Assi�nment The BoR��vv�t� rnay r�at assign this contract except with the prior written <br />approval of the �WCB. <br />5. Con�ract R�la�onship. The parties to this contract intend that the relationship <br />bet�een them under this ccantract is that of lender-borrower, not employer-err�ployee. <br />�lo agen#, employee, or �►�ant af the Bor�ROw�R shall be, or shafl be d�er�°ied to be, <br />an employee, ag�nt, ar servant of th� CWCB. The BoRr�ow�R shall b� solely and <br />entirely responsible for it� acts ar�d fihe acts af i�s agents, employees, senran#s, <br />engineering firms, cons#ructic�n frrns, and subcontractors during fihe fierm ofi this <br />contract. <br />6. Int�gration o� 'Tc�rms. This contra+ct is intended as the complete int�grafiion of all <br />und�rstandings betv�een tMe parties. No prior or contemporaneous addifiion, deletion, <br />or other amendmen# hereto sh�ll have any #orce or effec# whatsoever unless embodied <br />herein in v�riting. I�Q �ubsequ�r�t nQVation, renewal, additiQn, deletian, ar ofih�r <br />amendment hereto shall have any fiorce or effect unles� embodied in a written cantract <br />executed and approved pursuan# to SrAT� fiiscal rules, unless expressly provided for <br />herein. <br />7• Contro�ting Terms. In the event ofi canflicts tjr inconsistencies between the terms 4f <br />this contract and conditians as set forth in any ofi the appendices, such conflicts or <br />incansistencies shall be re�4lved by reference to the documents in the following ord�r <br />of priority: (1) Cplarado Special Provi�ion�, (2) the remaind�r bf this contract, and (3) <br />the Appendices. <br />8. Casualty ar�d Ernir�en# QQrnain. If, at ar�y tirne, during fihe term of this cc7ntract, (a� th�e <br />B(�RR�WER�S PRAJECT f��El11�1@S includin buildin s or an � <br />' 9 g y portion thereof, are damaged <br />or destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the <br />P�to��cr faeilities or any part th�reof shall be taken under the exerci5e of the power of <br />emin�nt domain, the Bo�t�tow��R sh�ll eau�e the ne# praceeds of any insurance claim or <br />Loan Cer�tract C950�70 <br />Page 7 of 11 <br />