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i. General liability insurance with minimum limits of $i,000,000 combined single <br /> limit for each occurrence and $i,000,000 general aggregate. This insurance coverage <br /> shall include products/completed operations and bodily injury/property damage. <br /> ii. Workers' compensation insurance as required by state statute, and employers' <br /> liability insurance covering all Contractor or Subcontractor employees acting within <br /> the course and scope of their employment. <br /> iii. Automobile liability insurance covering any auto (including owned, hired and <br /> non-owned autos) with a minimum limit of $i,000,000 each accident combined <br /> single limit. <br /> e. All insurance policies secured or maintained by Contractor or its Subcontractors in <br /> relation to this Contract shall include clauses stating that each carrier shall waive all <br /> rights of recovery under subrogation or otherwise against Contractor or the State, its <br /> agencies, institutions, organizations, officers, agents, employees, and volunteers. <br /> C. PROJECT PROVISIONS <br /> i. Additional Conditions and Requirements. Any additional conditions and requirements <br /> are set forth in Section 7, of Appendix i. <br /> a. Construction Fund Program Procedures. During the completion of the PROJECT, the <br /> BORROWER shall adhere to the CWCB Construction Fund Program Procedures, set forth in <br /> Section 8 of Appendix i. <br /> 3. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for loan <br /> disbursements are set forth in Section 9 of Appendix i. <br /> 4. Disbursement Schedule. The CWCB shall disburse loan funds in accordance with the <br /> Disbursement Schedule, set forth in Section io of Appendix i. <br /> 5. Time for Performance. The BORROWER recognizes that time is of the essence in the <br /> performance of all of its obligations under this CONTRACT. Therefore, the BORROWER shall <br /> complete the PROJECT within the time specified in Time for Performance, set forth in Section <br /> u of Appendix i. <br /> CWCB, at its discretion, shall have the option to extend the performance under this Contract <br /> beyond the Initial Term under the same terms specified in the Contract by providing written <br /> notice to the BORROWER. <br /> D. GENERAL PROVISIONS <br /> i. Addresses for mailing. All notices, correspondence, or other documents required by this <br /> CONTRACT shall be delivered or mailed to the addresses set forth in Section i (BORROWER <br /> INFORMATION) of Appendix i, for the BORROWER, and to 1313 Sherman Street, Room 718, <br /> Denver, Colorado 80203 for CWCB. <br /> a. Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, state, and <br /> Page 9 of 14 <br />