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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 of this contract, the BORROWER shall <br /> permit a designated representative of the CWCB to make periodic inspections of the <br /> PROJECT. Such inspections shall cover the condition of the PROJECT, operating records, <br /> maintenance records, and financial records. These inspections are solely for the <br /> purpose of verifying compliance with the terms and conditions of this contract and shall <br /> not be construed nor interpreted as an approval of the actual design, 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 i n, obit es are designated as the <br /> agents of the CWCB for the purpose of this ' tea <br /> 4. Assignment. The BORROWER may not assi•n this • xc '' t with the prior written <br /> approval of the CWCB. Fr <br /> 5. Contract Relationshi partie <br /> t is ko tr. i <br /> . The <br /> Relationship. pn end 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 /> engineering firms, construction firms, and subcontractors during the term of this <br /> contract. <br /> 6. Integration of Terms. This contract is intended as the complete integration of all <br /> understandings between the parties. No prior or contemporaneous addition, deletion, <br /> or other amendment hereto shall have any force or effect whatsoever unless embodied <br /> herein in writing. No subsequent novation, renewal, addition, deletion, or other <br /> amendment hereto shall have any force or effect unless embodied in a written contract <br /> executed and approved pursuant to STATE fiscal rules, unless expressly provided for <br /> herein. <br /> 7. Controlling Terms. In the event of conflicts or inconsistencies between the terms of <br /> this contract and conditions as set forth in any of the appendices, such conflicts or <br /> inconsistencies shall be resolved by reference to the documents in the following order <br /> Page 6 of9 <br />