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damage. <br />C. GENERAL PROVISIONS <br />1. Periodic Inspections. Throughout the term of this contract, the BORROWER shall <br />permit a designated representative of the CWCB to make periodic inspections of the <br />PROJECT. Such inspections shall cover the condition of the PROJECT, operating records, <br />maintenance records, and financial records. These inspections are solely for the <br />purpose of verifying compliance with the terms and conditions of this contract and shall <br />not be construed nor interpreted as an approval of the actual design, construction or <br />operation of any element of the PROJECT facilities. <br />2. Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, state, <br />and local laws and regulations that are in effect or may hereafter be established <br />throughout the term of this contract. <br />3. Designated Agent Of The CWCB. The CWCB's employees are designated as the <br />agents of the CWCB for the purpose of this c <br />4. Assignment. The BORROWER may not a contt cept with the prior written <br />approval of the CWCB. <br />5. Contract Relationship. The parties t ' t intend that the relationship <br />between them under this contract is that I r- orrower, not employer - employee. <br />No agent, employee, or servant of the w R shall be, or shall be deemed to be, <br />an employee, agent, or servant of the, CB. The BORROWER shall be solely and <br />entirely responsible for its acts and the acts of its agents, employees, servants, <br />engineering firms, construction firms, and subcontractors during the term of this <br />contract. <br />6. Integration of Terms. This contract is intended as the complete integration of all <br />understandings between the parties. No prior or contemporaneous addition, deletion, <br />or other amendment hereto shall have any force or effect whatsoever unless embodied <br />herein in writing. No subsequent novation, renewal, addition, deletion, or other <br />amendment hereto shall have any force or effect unless embodied in a written contract <br />executed and approved pursuant to STATE fiscal rules, unless expressly provided for <br />herein. <br />7. Controlling Terms. In the event of conflicts or inconsistencies between the terms of <br />this contract and conditions as set forth in any of the appendices, such conflicts or <br />inconsistencies shall be resolved by reference to the documents in the following order <br />of priority: (1) Colorado Special Provisions, (2) the remainder of this contract, and (3) <br />the Appendices. <br />8. CWCB May Release Contract. In its sole discretion, the CWCB may at any time give <br />any consent, deferment, subordination, release, satisfaction, or termination of any or all <br />of the BORROWER'S obligations under this contract, with valuable consideration, upon <br />such terms and conditions as the CWCB may determine to be advisable to further the <br />purposes of this contract or to protect the CWCB's financial interest therein, and <br />consistent with both the statutory purposes of this contract and the limitations of the <br />statutory authority under which it is made. <br />9. Casualty and Eminent Domain. If, at any time, during the term of this contract, (a) the <br />Page 5 of 8 <br />