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them under this contract is that of lender-borrower, not empioyer-employee. No agent, <br />employee, or servant of the BoRROwER shall be, or shall be deemed to be, an employee, <br />agent, or servant of the CWCB. The BoRROwER shall be solely and entirely responsible <br />for its acts and the acts of its agents, employees, servants, engineering firms, <br />construction firms, and subcontractors during the term of this contract. <br />5. Complete Integration Of All Understandings. This agreement is intended as the <br />complete integration of all understandings between the parties. No prior or <br />contemporaneous addition, deletion, or other amendment hereto shall have any force or <br />effect whatsoever unless embodied herein in writing. No subsequent novation, renewal, <br />addition, deletion, or other amendment hereto shall have any force or effect unless <br />embodied in a written contract executed and approved pursuant to SraTE fiscal rules, <br />unless expressly provided for herein. <br />6. In Event Of A Conflict. In the event of conflict befinreen the terms of this contract and <br />conditions as set forth in any of the appendices, the provisions of this �ontract shall <br />control. <br />7. CWCB May Release Contract. In its sole discretion, the CWCB may at any time give any <br />consent, deferment, subordination, release, satisfaction, or termination of any or all of the <br />BORROWER' obligations under this contract, with valuable consideration, upon such terms <br />and conditions as the CWCB may determine to be advisable to further the purposes of <br />this contract or to protect the CWCB's financial interest therein, and consistent with both <br />the statutory purposes of this Contract and the limitations of the statutory authority under <br />which it is made. <br />8. Casualty. If, at any time, during the term of this contract, the BORROWER'S PROJECT <br />facilities including buildings or any portion thereof, are damaged or destroyed, in whole or <br />in part, by fire or other casualty, the BoRROwER shall cause the net proceeds of any <br />insurance claim to be applied to the prompt replacement, repair and restoration of the <br />PRO�ECT facilities or any portion thereof, or to repayment of this loan. Any net proceeds <br />remaining after such work has been completed shall be retained by the BoRROwER. If the <br />net insurance proceeds are insufficient to pay the full cost of the replacement, repair and <br />restoration, the BoRROwER shall complete the work and pay any cost in excess of the net <br />proceeds. In the event Borrower opts to repay the loan, Borrower shall remain <br />responsible for the full loan amount outstanding regardless of the amount of such <br />insurance proceeds. <br />9. Captions. The captions and headings contained in this contract are for convenience and <br />reference only and shall not be construed so as to define or limit the terms or provisions <br />contracfied herein. <br />10. Waiver. The waiver of any breach of a term of this contract shall not be construed as a <br />waiver of any other term, or of any subsequent breach of the same term. <br />11. Addresses for rnailing. All notices, correspondence, or other documents required by <br />this contract shall be delivered or mailed to the addresses shown below: <br />CWCB: Colorado Water Conservation Board <br />Attn: Construction Fund Section <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br />Page 5 of 8 <br />Loan Contract <br />