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vehicles with minimum limits of $1,000,000 combined single limit for bodily injury and
<br /> property damage.
<br /> d. Commercial general liability insurance with minimum limits of $1,000,000 combined
<br /> single limit for each occurrence and $2,000,000 general aggreg e. This insurance
<br /> coverage shall include products/completed operations d4 it i u property
<br /> damage.
<br /> C. GENERAL PROVISIONS
<br /> 1. Periodic Inspections. Throughout the term of this con , e B4, E all permit a
<br /> designated representative of the CWCB to make periodic inspections of P OJECT. Such
<br /> inspections shall cover the condition of the PROJECT, operating records, maintenance
<br /> records, and financial records. These inspections are solely for the purpose of verifying
<br /> compliance with the terms and conditions of this contract and shall not be construed nor
<br /> interpreted as an approval of the actual design, construction or operation of any element of
<br /> the PROJECT facilities.
<br /> 2. Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, state, and
<br /> local laws and regulations that are in effect or may hereafter be established throughout the
<br /> term of this contract.
<br /> 3. Designated Agent Of The CWCB. The CWCB's employees are designated as the agents
<br /> of the CWCB for the purpose of this contract.
<br /> 4. Assignment. The BORROWER may not assign this contract except with the prior written
<br /> approval of the CWCB.
<br /> 5. Contract Relationship. The parties to this contract intend that the relationship between
<br /> them under this contract is that of lender-borrower, not employer-employee. No agent,
<br /> employee, or servant of the BORROWER shall be, or shall be deemed to be, an employee,
<br /> agent, or servant of the CWCB. The BORROWER shall be solely and entirely responsible for
<br /> its acts and the acts of its agents, employees, servants, engineering firms, construction
<br /> firms, and subcontractors during 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, or
<br /> other amendment hereto shall have any force or effect whatsoever unless embodied herein
<br /> in writing. No subsequent novation, renewal, addition, deletion, or other amendment hereto
<br /> shall have any force or effect unless embodied in a written contract executed and approved
<br /> pursuant to STATE fiscal rules, unless expressly provided for herein.
<br /> 7. Controlling Terms. In the event of conflicts or inconsistencies between the terms of this
<br /> 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 of
<br /> priority: (1) Colorado Special Provisions, (2) the remainder of this contract, and (3) the
<br /> Appendices.
<br /> 8. Casualty and Eminent Domain. If, at any time, during the term of this contract, (a) the
<br /> BORROWER'S PROJECT facilities, including buildings or any portion thereof, are damaged or
<br /> destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the PROJECT
<br /> facilities or any part thereof shall be taken under the exercise of the power of eminent
<br /> domain, the BORROWER shall cause the net proceeds of any insurance claim or
<br /> condemnation award to be applied to the prompt replacement, repair and restoration of the
<br /> PROJECT facilities or any portion thereof, or to repayment of this loan. Any net proceeds
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