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i r 4 1 ' Y c. The BORROWER warrants that it has not employed or retained any company or person, other than its legal counsel, financial advisor or bona fide employees working solely for the BoRROwER, to solicit or secure this Contract and has not paid or agreed to pay any person, company, corporation, individual, or firm, other than its legal counsel, financial advisor or bona fide employees, any fee, commission, percentage, gift, or other consideration contingent upon or resulting from the award or the making of this Contract. d. The BoRROwER warrants that the Pledged Revenues and collateral for this loan are not encumbered by any liens other than the Loatv and the obligations identified in Factual Recital 7 herein, which sets forth the position of the lien created by this Contract in relation to any existing lien(s). e. Return of Inadvertently Disbursed Loan Funds. Any loan funds inadvertently disbursed by the CWCB but not expended for the PRO�ECT in accordance with the terms of this Contract shall be remitted to the CWCB within 30 calendar days from notification from the CWCB of either (1) completion of the PRO�EC�' or (2) determination by the CWCB that the PRO�ECT will not be completed. 12. Default. Events that constitute a default are described in Section 8.01 of the General Ordinance (Appendix 3). 13. Remedies For Default. Upon default in the payments to be made by the BoRROwER under this Contract, or default in the performance of any covenant or agreement contained herein, the CWCB, at its option, may: a. suspend the right to loan disbursements and withhold further loan disbursements pending corrective action by the BoRROwER, and if the BoRROwER does not cure the default as provided for below, permanently cease loan disbursements and proceed with repayment of the Loan; b. exercise its right under this Contract and the Promissory Note in the manner and according to the procedure provided in Article 8 of the General Ordinance (Appendix 3). c. Procedure for suspension of the contract. The CWCB shall provide written notice to the BoRROwER of any such default and suspension and shall give the BoRROwER an opportunity to cure within sixty (60) days of receipt of such notice. If, within sixty (60) days of written notice of suspension of disbursements the Borrower has made no effort to cure the default, the suspension shall be deemed final and the CWCB shall deem the Project substantially complete. 14. OPERATION OF PROJECT. ThG' BORROWER Shall, without expense or legal liability to the CWCB, manage, operate and maintain the PRO�ECT as a part of the System in the manner required by the General Ordinance and Section 6.09 thereof. 15. BORROWER's Liability Insurance. Loan Contract C150243 Page 6 of 15