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16. Severability. Provided this CONTRACT can be executed and performance of the <br /> obligations of the Parties accomplished within its intent, the provisions hereof are <br /> severable and any provision that is declared invalid or becomes inoperable for any reason <br /> shall not affect the validity of any other provision hereof, provided that the Parties can <br /> continue to perform their obligations under this CONTRACT in accordance with its intent. <br /> 17. Third Party Beneficiaries. Enforcement of this CONTRACT and all rights and obligations <br /> hereunder are reserved solely to the Parties. Any services or benefits that third parties <br /> receive as a result of this CONTRACT are incidental to the CONTRACT, and do not create any <br /> rights for such third parties. <br /> 18. Counterparts. This CONTRACT may be executed in multiple identical original counterparts, <br /> all of which shall constitute one agreement. <br /> 19. Indemnification. The Borrower shall indemnify, save, and hold harmless, to the extent <br /> authorized by law, CWCB against any and all claims, damages, liability, and court <br /> awards including costs, expenses, and attorney fees incurred as a result of any act or <br /> omission by the Borrower, or its employees, agents, or subcontractors pursuant to the <br /> terms of this Loan Agreement; provided, however, that the provisions of this clause are <br /> not intended to and shall not be construed as a waiver of any defense or limitation on <br /> damages provided for under and pursuant to the Colorado Governmental <br /> Immunity Act (Section 24-10-101, et seq., C.R.S.), or under the laws of the United <br /> States or the State of Colorado. <br /> 20. Addresses for mailing. All notices, correspondence, or other documents required by this <br /> CONTRACT shall be delivered or mailed to the addresses shown in the Section 1 (BORROWER <br /> Information) of the Project Summary, for the BORROWER and to the address below for the CWCB: <br /> Colorado Water Conservation Board <br /> Attn: Finance Section <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> Page 9 of 12 <br />