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of any contract related to the PROJECT or by conditions created thereby, or based upon <br /> any violation of any statute, ordinance, or regulation, and the defense of any such <br /> claims or actions. <br /> 6. Liability Insurance During Construction. During construction of the PROJECT, the <br /> BORROWER shall require the construction firm(s) and any subcontractors to maintain the <br /> following insurance coverage in the limits shown during the term of their contracts for <br /> the construction of the PROJECT. The BORROWER shall provide the CWCB with an Acord <br /> Form 27 evidencing said insurance prior to commencement of construction, maintained <br /> until construction is complete, and shall provide the CWCB with documentation of <br /> renewals of said insurance. No payments shall be made to the BORROWER unless all <br /> insurance certificates are current. <br /> a. Builder's risk insurance for construction in progress for all perils of loss including fire, <br /> wind, hail, and vandalism in an amount equal to the completed value of the <br /> PROJECT. <br /> b. Worker's compensation and employer's liability insurance in the required statutory <br /> amounts. <br /> c. Automobile liability insurance that includes coverage for all owned, non-owned and <br /> hired vehicles with minimum limits of $1,000,000 combined single limit for bodily <br /> injury and property damage. <br /> d. Commercial general liability insurance with minimum limits of $1,000,000 combined <br /> single limit for each occurrence and $2,000,000 general aggregate. This insurance <br /> coverage shall include products/completed operations and bodily injury/property <br /> damage. <br /> C. GENERAL PROVISIONS <br /> 1. Periodic Inspections. Throughout the term ofAhi& cantct, the BORROWER shall <br /> permit a designated representative of the CWCB:to make p. riodic inspections of the <br /> PROJECT. Such inspections shall cover the cbnditton bfth r'ROJECT, operating records, <br /> maintenance records, and financial records., TheseY in, pections are solely for the <br /> purpose of verifying compliance with the tern* and cbr d'i ori of this contract and shall <br /> not be construed nor interpreted as an approval,61' the cttaaVdesihn, construction or <br /> operation of any element of the PROJECT facilities. <br /> 2. 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 /> 3. Designated Agent Of The CWCB. The CWCB's employees are designated as the <br /> agents of the CWCB for the purpose of this contract. <br /> 4. Assignment. The BORROWER may not assign this contract except with the prior written <br /> approval of the CWCB. <br /> 5. Contract Relationship. The parties to this contract intend that the relationship <br /> between them under this contract is that of lender-borrower, not employer-employee. <br /> No agent, employee, or servant of the BORROWER shall be, or shall be deemed to be, <br /> an employee, agent, or servant of the CWCB. The BORROWER shall be solely and <br /> entirely responsible for its acts and the acts of its agents, employees, servants, <br /> Page 6 of 9 <br />