C150112 Paid in Full Documents

• Contract/PO #: C150112
• Contractor Name: The Kern Resevoir and Ditch company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

economical manner.
13. BORROWER'S Liability Insurance.
a. Upon execution of this contract and continuing until complete repayment of the loan
is made to the CWCB, the BORROWER shall maintain commercial general liability
insurance, with a company that is satisfactory to the CWCB, with minimum limits of
$1,000,000 combined single limit for each occurrence and $2,000,000 general
aggregate, including products/completed operations and personal injury.
b. Prior to the disbursement of any loan funds, the BORROWER shall provide the CWCB
with an Acord Form 27 evidencing said insurance and shall provide the CWCB with
documentation of renewals of said insurance.
14. Additional Contract Requirements. Any additional contract requirements are set
forth in Additional Contract Requirement (Section 7) of the Project Summary.
B. PROJECT PROVISIONS
1. Construction Fund Program Procedures. During the completion of the PROJECT, the
BORROWER shall adhere to the CWCB Construction Fund Program Procedures
(Section 8), of the Project Summary.
2. Eligible Expenses. The PROJECT expenses for which the BORROWER is eligible for
loan disbursements are listed in Eligible Expenses (Section 9) of the Project
Summary.
3. Loan Disbursements. The CWCB shall disburse loan funds in accordance with the
Disbursement Schedule (Section 10) of the Project Summary.
4. Time for Performance. The BORROWER reco•niz-s t �t ;' is of the essence in the
performance of all of its obligations under this, • dtri;-,. t ' rz. the BORROWER shall
complete the PROJECT within the time specifierin ` .ir' ormance (Section 11) of
the Project Summary.
5. Indemnification By The Construct's ,' ;FBok,, o ,shall require all
Construction Firms and their subcon • •G t i • i e CWCB and the
BORROWER against all liability and loss, .. • .gains all claims and actions based upon
or arising out of damage or injury, including death, to persons or property, caused by
any acts or omissions of those parties or sustained in connection with the performance
of any contract related to the PROJECT or by conditions created thereby, or based upon
any violation of any statute, ordinance, or regulation, and the defense of any such
claims or actions.
6. Liability Insurance During Construction. During construction of the PROJECT, the
BORROWER shall require the construction firm(s) and any subcontractors to maintain the
following insurance coverage in the limits shown during the term of their contracts for
the construction of the PROJECT. The BORROWER shall provide the CWCB with an Acord
Form 27 evidencing said insurance prior to commencement of construction, maintained
until construction is complete, and shall provide the CWCB with documentation of
renewals of said insurance. No payments shall be made to the BORROWER unless all
insurance certificates are current.
a. Builder's risk insurance for construction in progress for all perils of loss including fire,
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