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omissions of those parties or sustained in connection with the performance of any <br /> contract related to the PROJECT or by conditions created thereby, or based upon any <br /> violation of any statute, ordinance, or regulation, and the defense of any such claims or <br /> actions. <br /> 6. Liability Insurance during Construction. During construction of the PROJECT, the <br /> BORROWER shall require the construction firm(s) and any subcontractors to maintain the <br /> following insurance coverage in the limits shown during the term of their contracts for <br /> the construction of the PROJECT. If requested by CWCB, the BORROWER shall provide <br /> the CWCB with an Acord Form 25 evidencing said insurance prior to commencement of <br /> construction and maintained until construction is complete. The BORROWER shall <br /> provide the CWCB with documentation of renewals of said insurance. No payments <br /> shall be made to the BORROWER unless all insurance certificates are current. <br /> a. 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 /> b. Worker's compensation and employer's liability insurance in the required statutory <br /> amounts. <br /> 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 <br /> injury and property 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 <br /> shall not be construed nor interpreted as an approval of the actual design, construction <br /> or 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 CONTRACT. <br /> 4. Assignment. BORROWER'S rights and obligations, of this contract, hereunder are <br /> personal and may not be transferred, assigned without the prior, written consent of <br /> the State. Any attempt at assignment without such consent shall be void. All <br /> assignments approved by BORROWER or the State are subject to all of the provisions <br /> hereof. <br /> Loan Contract C15041OD <br /> Page 7 of 13 <br />