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B.PROJECT PROVISIONS <br /> 1. Construction Fund Program Procedures. During the completion of the PROJECT, the BORROWER <br /> shall adhere to the CWCB Construction Fund Program Procedures, Section 8 of the PROJECT SUMMARY. <br /> 2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for loan <br /> disbursements are listed in Eligible Expenses, Section g of the PROJECT SUMMARY. <br /> 3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the Disbursement <br /> Schedule, Section io of the PROJECT SUMMARY. <br /> 4. Time for Performance. The BORROWER recognizes that time is of the essence in the performance of <br /> all of its obligations under this CONTRACT. Therefore, the BORROWER shall complete the PROJECT <br /> within the time specified in Time for Performance, Section a of the PROJECT SUMMARY. <br /> 5. Indemnification by the Construction Firm. The BORROWER shall require all Construction Firms <br /> and their subcontractors to indemnify the State and the BORROWER against all liability and loss, and <br /> against all claims and actions based upon or arising out of damage or injury, including death, to <br /> persons or property, caused by any acts or omissions of those parties or sustained in connection with <br /> the performance of any contract related to the PROJECT or by conditions created thereby, or based <br /> upon any violation of any statute, ordinance, or regulation, and the defense of any such claims or <br /> actions. <br /> 6. Liability Insurance during Construction. During construction of the PROJECT, the BORROWER shall <br /> require the construction contractor and any subcontractors to maintain the following insurance <br /> coverage, in the limits shown, during the term of their contracts and until the PROJECT is complete. <br /> CWCB may request proof of construction contractor's and subcontractor's insurance during the term <br /> of the PROJECT. <br /> a. Commercial general liability insurance with minimum limits of$1,000,000 combined single limit <br /> for each occurrence and $2,000,000 general aggregate. This insurance coverage shall include <br /> products/completed operations and bodily injury/property damage. <br /> b. Worker's compensation and employer's liability insurance in the required statutory amounts. <br /> c. Automobile liability insurance that includes coverage for all owned, non-owned and hired vehicles <br /> with minimum limits of$1,000,000 combined single limit for bodily injury and property damage. <br /> C. GENERAL PROVISIONS <br /> 1. Periodic Inspections. Throughout the term of this CONTRACT, the BORROWER shall permit a <br /> designated representative of the CWCB to make periodic inspections of the PROJECT. Such inspections <br /> shall cover the condition of the PROJECT, operating records, maintenance records, and financial <br /> records. These inspections are solely for the purpose of verifying compliance with the terms and <br /> conditions of this CONTRACT and shall not be construed or interpreted as an approval of the actual <br /> design, construction or operation of any element of the PROJECT facilities. <br /> 2. Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, state, and local laws <br /> and regulations that are in effect or may hereafter be established throughout the term of this <br /> CONTRACT. <br /> Page 7 of 14 <br />