Laserfiche WebLink
c. exercise its rights under any appendices to this CONTRACT, including, but not limited to, <br /> the PROMISSORY NOTE, SECURITY AGREEMENT, and/or any instrument securing PLEDGED <br /> POWER REVENUES;and <br /> d. take any other appropriate action. <br /> The CWCB shall provide written notice to the BORROWER of any such default and shall give <br /> the BORROWER an opportunity to cure within thirty (30) days of receipt of such notice. All <br /> remedies described herein may be simultaneously or selectively and successively enforced. <br /> The CWCB may enforce the provisions of this CONTRACT at its option without regard to prior <br /> waivers of previous defaults by the BORROWER, through judicial proceedings to require <br /> specific performance of this CONTRACT, or by such other proceedings in law or equity as may <br /> be deemed necessary by the CWCB to ensure compliance with provisions of this CONTRACT <br /> and the laws and regulations under which this CONTRACT is executed. The CWCB'S exercise <br /> of any or all of the remedies described herein shall not relieve the BORROWER of any of its <br /> duties and obligations under this CONTRACT. <br /> 15. Operation of PROJECT. The BORROWER shall, without expense or legal liability to the <br /> CWCB, manage, operate, and maintain the PROJECT continuously in an efficient and <br /> economical manner. <br /> 16. BORROWER's Liability Insurance. Upon execution of this CONTRACT and continuing until <br /> complete repayment of the loan is made to the CWCB, the BORROWER shall maintain <br /> commercial general liability insurance,with a company that is satisfactory to the CWCB,with <br /> minimum limits of$i,000,000 combined single limit for each occurrence and $2,000,000 <br /> general aggregate, including products/completed operations and personal injury; provided, <br /> however, that no term or condition of this Contract shall be construed or interpreted as a <br /> waiver, express or implied, of any of the immunities, rights, benefits, protections or other <br /> provisions of the Colorado Governmental Immunity Act, Section 24-io-ioi, et. seq., C.R.S., as <br /> now or hereafter amended. <br /> 17. CWCB agrees that it is a political subdivision of the State and that the obligations of the <br /> Borrower hereunder are not and will not be specifically pledged by the CWCB as security or <br /> collateral for any issuance of securities. <br /> 18. Additional Contract Requirements.Any additional contract requirements are set forth in <br /> Section 7 of Appendix i. <br /> C. PROJECT PROVISIONS <br /> i. 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 /> 2. 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 /> Page 7 of 14 <br />