Laserfiche WebLink
the Contractor in the repayment to the State, and upon written <br /> notice thereof from the State, the Contractor shall, pursuant to <br /> its By-laws, immediately take all necessary actions to levy an <br /> additional assessment and to pledge additional revenues in a <br /> sufficient amount and in a timely manner to cure the default and <br /> to repay ;rt} e-State as required by the contract. Such additional 0aj <br /> revenues sha deemed covered by the existing security <br /> A, 6 <br /> intere t. •°� - <br /> O. The Contractor warrants that the security interest executed <br /> by the Contractor in favor of the State to secure repayment of <br /> this loan is a valid security interest which shall be binding <br /> against the Contractor and that the Contractor has perfected <br /> this security interest such that the State has priority over all <br /> other competing claims for such secured revenues except as noted <br /> in paragraph 14 above. <br /> P. The Contractor warrants that by acceptance of the loan money <br /> pursuant to the terms of this contract and by the Contractor ' s <br /> representation herein, the Contractor shall be estopped from <br /> asserting for any reason that it is not authorized or obligated <br /> to repay the loan money to the State as required by this <br /> contract. <br /> R. All notices, correspondence, or other documents required by <br /> this contract shall be delivered or mailed to the following <br /> addresses: <br /> 1. For the State: 2 . For the Contractor: <br /> Director <br /> Colorado Water Conservation Board The Sanchez Ditch and <br /> 721 State Centennial Building Reservoir Company <br /> 1313 Sherman Street R.R. 1, Box 215 <br /> Denver, CO 80203 San Acacio, CO 81150 <br /> Attn: Frank Akers Attn: Fred Holmes <br /> President <br /> Page 15 of 17 Pages <br />