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and vandalism in an amount equal to the completed value of the Project. <br /> c. During construction of the Project, the Borrower shall require the Construction <br /> Firm(s) and their Subcontractors to maintain the following insurance coverage in <br /> the limits shown during the term of their Contracts for the nstruction of the <br /> Project: <br /> I <br /> i. For the activities of the Construction Firm(s) d their ' . : a o off <br /> the Project site only, Commercial General Liab' y rance wi • urn <br /> limits of $1,000,000 combined single limi c °` ence and <br /> $2,000,000 general aggregate. This insurance sh I i•_: • h o ' g <br /> coverages: Blanket Contractual Liability, Broad Form Pro a e, <br /> Completed Operations and Personal Injury. <br /> ii. For the activities of the Construction Firm(s) and their Subcontractors off <br /> the Project site only, Workers' Compensation and Employers Liability <br /> Insurance in the amounts required by the State of Colorado pursuant to the <br /> provisions of the Workers' Compensation Act, Title 8, Articles 40 through <br /> 47, C.R.S., as amended. <br /> iii. For the activities of the Construction Firm(s) and their Subcontractors <br /> whether on or off the Project site, Comprehensive Automobile Liability <br /> Insurance that includes coverage for all owned, non-owned, and hired <br /> vehicles with minimum limits of $1,000,000 combined single limit for each <br /> occurrence of bodily injury and/or property damage. <br /> d. The Borrower shall provide or cause to be provided to the CWCB an Acord Form <br /> 25 evidencing all insurance coverage obtained by the Borrower, the Construction <br /> Firm(s) and their Subcontractors prior to commencement of construction. The <br /> Borrower shall maintain or cause to be maintained all such insurance until <br /> construction is complete and, if necessary, shall provide or cause to be provided <br /> to the CWCB documentation of renewals of all such insurance. No payments <br /> shall be made to the Borrower unless all insurance certificates are current. <br /> 7. 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 shall <br /> not be construed nor interpreted as an approval of the actual design, construction or <br /> operation of any element of the PROJECT facilities. <br /> C. GENERAL PROVISIONS <br /> 1. 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 /> Loan Contract C150243 <br /> Page 10 of 15 <br />