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d. All insurance policies secured or maintained by Contractor or its Subcontractors <br /> in 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 /> 2. 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 1. <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 10 of Appendix 1. <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 /> 11 of Appendix 1. <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 1, for the BORROWER, and to 1313 Sherman Street, Room 718, <br /> Denver, Colorado 80203 for CWCB. <br /> 2. Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, state, and <br /> local laws and regulations that are in effect or may hereafter be established throughout the <br /> term of this CONTRACT. <br /> 3. Assignment. BORROWER'S rights and obligations, under this CONTRACT, are personal <br /> and may not be transferred, assigned without the prior, written consent of the State.Any <br /> attempt at assignment without such consent shall be void. All assignments approved by <br /> the BORROWER or the State are subject to all of the provisions hereof. <br /> 4. Binding Effect. All provisions herein contained, including the benefits and burdens, <br /> shall extend to and be binding upon the Parties' respective heirs, legal representatives, <br /> successors, and assigns. <br /> Page u of i6 <br />