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g. Borrower shall have the right to prepay all or any <br />part of the principal at any time without penalty. In the event of <br />any prepayment, this Contract shall not be treated as in default <br />with respect to payment so long as the unpaid balance of principal <br />and interest is less than it would have been had the periodic <br />payments been made as stated above. <br />6. The money loaned to Contractor and remaining unpaid <br />and owing to the State pursuant to the Computer Modelling Contract <br />shall be repaid pursuant to ¶5 herein. The Contractor shall have <br />no further repayment obligations pursuant to the Computer Modelling <br />Contract. In all other respects, the Computer Modelling Contract <br />shall remain in full force and effect until the full amount has <br />been repaid pursuant to this Project Contract. <br />7. Without expense to the State, the Borrower shall <br />manage, operate and maintain the Platoro Dam and Reservoir <br />continuously in an efficient and economical manner. The Borrower <br />agrees to indemnify and hold the State harmless from any liability <br />as a result of the State's interest in the Platoro Dam and <br />Reservoir. The Borrower shall maintain comprehensive general <br />liability insurance covering the management, operation and <br />maintenance of the Platoro Dam and Reservoir from the time it <br />provides final payment to the United States until it completes <br />repayment of the loan to th rsuant to this Contract in at <br />least the following amount <br />a. For any injur o person in any single <br />occurrence, the sum n ifty Thousand Dollars <br />($150, 000) . ��� <br />b. For any injury to two or more persons in any single <br />occurrence, the sum of Six Hundred Thousand Dollars ($600,000). <br />The term "injury" shall have the same meaning as provided under the <br />Colorado Governmental Immunity Act, §�24-10-101, et sea•, C.R.S.. <br />Said general liability insurance shall name the State as a Co- <br />insured as a lien holder. The Borrower may obtain insurance by any <br />one of the alternative means provided by the Colorado Governmental <br />Immunity Act, including self insurance or participation in a self <br />insurance pool with other public entities. A copy of a certificate <br />of said liability insurance shall be provided to the State at the <br />same time at which the State provides the Borrower with the <br />$450,000 described in paragraphs 1. and 2. herein. <br />If, at any time, during the term of this Contract, (a) the <br />Platoro Reservoir Project facilities, including buildings, or any <br />portion thereof, are damaged or destroyed, in whole or in part, by <br />fire or other casualty, or (b) title to or use of the Project <br />facilities or any part thereof shall be taken under the exercise of <br />the power of eminent domain, the State and the Contractor shall <br />cause the net proceeds of any insurance claim or condemnation award <br />5 <br />