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Table of Contents <br /> LPARTIES.......................................................................................................................................................................................3 <br /> 2.AUTHORITY................................................................................................................................................................................3 <br /> 3.PURPOSE AND TERMS..............................................................................................................................................................3 <br /> 4.APPENDICES...............................................................................................................................................................................3 <br /> SECTIONA.DEFINITIONS........................................................................................................................................................3 <br /> SECTIONB.LOAN PROVISIONS..............................................................................................................................................4 <br /> BLLOANORIGINATION FEE.......................................................................................................................................................4 <br /> B2.AMENDMENTS AND OPTION LETTERS..............................................................................................................................5 <br /> B3.CONTRACT AMENDMENT SERVICE FEES..........................................................................................................................5 <br /> B4.PROMISSORY NOTE PROVISIONS.......................................................................................................................................5 <br /> B5.INTEREST PRIOR TO PROJECT COMPLETION...................................................................................................................6 <br /> B6.RETURN OF UNUSED LOAN FUNDS..............................:.....................................................................................................6 <br /> B7.BORROWER'S AUTHORITY TO CONTRACT......................................................................................................................6 <br /> B8.ATTORNEY'S OPINION LETTER...........................................................................................................................................6 <br /> B9.DEBT SERVICE RESERVE ACCOUNT..................................................................................................................................6 <br /> B1 O.ADDITIONAL DEBTS.............................................................................................................................................................7 <br /> BI I TLEDGE OF PROPERTY........................................................................................................................................................7 <br /> B12.WARRANTIES.........................................................................................................................................................................7 <br /> B13.OPERATION OF PROJECT....................................................................................................................................................7 <br /> B14.REMEDIES FOR DEFAULT...................................................................................................................................................7 <br /> B15.INSURANCE............................................................................................................................................................................8 <br /> SECTIONC.PROJECT PROVISIONS.......................................................................................................................................9 <br /> CLADDITIONAL CONTRACT REQUIREMENTS.......................................................................................................................9 <br /> C2.CONSTRUCTION FUND PROGRAM PROCEDURES...........................................................................................................9 <br /> C3.ELIGIBLE EXPENSES..............................................................................................................................................................9 <br /> C4.DISBURSEMENT SCHEDULE.................................................................................................................................................9 <br /> C5.TIME FOR PERFORMANCE....................................................................................................................................................9 <br /> SECTIOND.GENERAL PROVISIONS......................................................................................................................................9 <br /> DLADDRESSESFOR MAILING...................................................................................................................................................9 <br /> D2.APPLICABLE LAWS................................................................................................................................................................9 <br /> D3.ASSIGNMENT.........................................................................................................................................................................10 <br /> D4.BINDING EFFECT..................................................................................................................................................................10 <br /> D5.C APTI ON S...............................................................................................................................................................................10 <br /> D6.CASUALTY AND EMINENT DOMAIN...............................................................................................................................10 <br /> D7.CONTRACT RELATIONSHIP................................................................................................................................................10 <br /> D8.CONTROLLING TERMS........................................................................................................................................................10 <br /> D9.CORA DISCLOSURE..............................................................................................................................................................10 <br /> D10.COUNTERPARTS.................................................................................................................................................................l l <br /> D1 I.0 WCB'S APPROVAL...........................................................................................................................................................I I <br /> D I 2.DESIGNATED AGENT OF THE CWCB..............................................................................................................................I I <br /> D13.ENTIRE UNDERSTANDING................................................................................................................................................I I <br /> D14.INDEMNIFICATION.............................................................................................................................................................I I <br /> D15.INTEGRATION OF TERMS.................................................................................................................................................I 1 <br /> D16.PERIODIC INSPECTIONS....................................................................................................................................................I i <br /> D17.SE VERABILITY....................................................................................................................................................................12 <br /> DI&THIRD PARTY BENEFICIARIES........................................................................................................................................12 <br /> D19.WAIVER................................................................................................................................................................................12 <br /> COLORADO SPECIAL PROVISIONS(COLORADO FISCAL RULE 3-1)...............................................................................13 <br /> APPENDICES:APPENDIX 1 PROJECT SUMMARY,APPENDIX 2 OPTION LETTER,APPENDIX 3 PROMISSORY <br /> NOTE,APPENDIX 4 DEED OF TRUST. <br /> Page 2 of 14 <br />