Laserfiche WebLink
N. The Contractor warrants that in the event of a default by the Contractor in the <br />repayment to the State, and upon written notice thereof from the State, the Contractor <br />shall immediately take all necessary actions to levy an additional assessment and to pledge <br />additional revenues in a sufficient amount and in a timely manner to cure the default and <br />to repay the State as required by the contract. Such additional revenues shall be deemed <br />covered by the existing security interest. <br />O. The Contractor warrants that the security interest executed by the Contractor in favor <br />of the State to secure repayment of this loan is a valid security interest which shall be <br />binding against the Contractor and that the Contractor has perfected this security interest <br />such that the State has priority over all other competing claims for such secured revenues. <br />P. The Contractor warrants that by acceptance of the loan money pursuant to the terms <br />of this contract and by the Contractor's representation herein, the Contractor shall be <br />estopped from asserting for any reason that it is not authorized or obligated to repay the <br />loan money to the State as required by this contract. <br />Q. All notices, correspondence, or other documents required by this contract shall be <br />delivered or mailed to the following addresses: <br />1. For the State: <br />Director Daries C. Lile <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Frank Akers <br />2. For the Contractor: <br />Wamsley Cattle Company, Inc. <br />Coalmont, CO 80430 <br />Page 9 of 11 Pages <br />