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until construction is complete, and shall provide the CWCB with documentation of <br /> renewals of said insurance. No payments shall be made to the BORROWER unless all <br /> insurance certificates are current. <br /> a. Worker's compensation and employer's liability insurance in the required statutory <br /> amounts. <br /> tomobile liability insurance that includes coverage for all owned, non-owned and <br /> hire vehicles with minimum limits of $1,000,000 combined single limit for bodily <br /> injury nd property damage. <br /> c. Commerc. I 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 /> 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. The BORROWER may not assign this CONTRACT except with the prior <br /> written approval of the CWCB. <br /> 5. Contract Relationship. The parties to this CONTRACT intend that the relationship <br /> between them under this CONTRACT is that of lender-borrower, not employer-employee. <br /> No agent, employee, or servant of the BORROWER shall be, or shall be deemed to be, <br /> an employee, agent, or servant of the CWCB. 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 affect whatsoever unless embodied <br /> herein in writing. No subsequent renewal, addition, deletion, or other amendment <br /> Loan Contract C150348 <br /> Page 7 of 12 <br />