Laserfiche WebLink
2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for <br /> loan disbursements are listed in Eligible Expenses (Section 9) of the PROJECT <br /> SUMMARY. <br /> 3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the <br /> Disbursement Schedule (Section 10) of the PROJECT SUMMARY. <br /> 4. Time for Performance. The BORROWER recognizes that time is of the essence in the <br /> performance of all of its obligations under this CONTRACT. Therefore, the BORROWER <br /> shall complete the PROJECT within the time specified in Time for Performance (Section <br /> 11) of the PROJECT SUMMARY. <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 <br /> records, maintenance records, and financial records. These inspections are solely for <br /> the purpose of verifying compliance with the terms and conditions of this CONTRACT <br /> and shall not be construed or interpreted as an approval of the actual design, <br /> construction 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, under this CONTRACT, 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 /> 5. Contract Relationship. The parties to this CONTRACT intend that the relationship <br /> between them under this CONTRACT is that of lender-borrower, not <br /> employer-employee. No agent, employee, or servant of the BORROWER shall be, or <br /> shall be deemed to be, an employee, agent, or servant of the CWCB. The BORROWER <br /> shall be solely and entirely responsible for its acts and the acts of its agents, <br /> employees, servants, engineering firms, construction firms, and subcontractors during <br /> the term of this 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 <br /> embodied herein in writing. No subsequent renewal, addition, deletion, or other <br /> amendment hereto shall have any force or effect unless embodied in a written <br /> contract executed and approved pursuant to State fiscal rules, unless expressly <br /> provided for herein. <br /> Page 7 of 12 <br />