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c. Automobile liability insurance that includes coverage for all owned, non -owned and <br />hired vehicles with minimum limits of $1,000,000 combined single limit for bodily injury <br />and property damage. <br />d. Commercial general liability insurance with minimum limits of $1,000,000 combined <br />single limit for each occurrence and $2,000,000 general aggregate. This insurance <br />coverage shall include products /completed operations and bodily injury/property <br />damage. <br />A copy of a current certificate of said liability insurance must be provided to the CWCB <br />prior to commencement of construction and maintained until construction is complete. <br />No payments shall be made to the BORROWER unless all insurance certificates are <br />current. The BORROWER shall file notices of renewals of said policies with the CWCB as <br />renewals occur. <br />C. GENERAL PROVISIONS <br />Periodic Inspections. Throughout the term of this contract, the BORROWER shall permit <br />a designated representative of the CWCB to make periodic inspections of the PROJECT. <br />Said inspections shall cover the condition of the PROJECT, operating records, <br />maintenance records, and financial records. These inspections are solely for the purpose <br />of verifying compliance with the terms and conditions of this contract and shall not be <br />construed nor interpreted as an approval of tual design, construction or operation of <br />any element of the PROJECT facilities. <br />2. Adhere To Applicable Laws. Th <br />federal, estate, and local 'laws acid <br />established throughout the term of this <br />3. Designated Agent Of The CWCB. TI <br />the agents of the CWCB for the purpc <br />4. Contract Is Not Assignable. The Bc <br />the prior written approval of the CWCB. <br />ER malt strictly adhere to all applicable <br />61 °-qie in effect or may thereafter be <br />;la's employees are hereby designated as <br />contract. <br />may not assign this contract except with <br />5. Contract Relationship. The parties to this contract intend that the relationship between <br />them under this contract is that of lender- borrower, not employer - 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 />6. 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 STATE fiscal rules, <br />unless expressly provided for herein. <br />7. In Event Of A Conflict. In the event of conflict between the terms of this contract and <br />conditions as set forth in any of the appendices, the provisions of this contract shall <br />control. <br />Page 6 of 9 Upper Platte and Beaver Creek Canal Co. Loan Contract <br />