CT2018-1999 Contract

• Contract/PO #: CT2018-1999
• Contractor Name: Centenial Irrigating Ditch Company
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

C. "Collateral" means property or other assets that the Borrower offers as security for the
loan, also referred to as the"Pledged Property."
D. "Contract" means this agreement, including all attached Appendices, all documents
incorporated by reference, all referenced statutes, rules and cited authorities, and any future
modifications thereto.
E. "Contract Funds" means the funds that have been appropriated, designated, encumbered,
or otherwise made available for payment by the State under this Contract.
F. "CORA"means the Colorado Open Records Act, §§24-72-200.1 et. seq., C.R.S
G. "Deed of Trust" means the security instrument conveying the title of a particular piece of
property or other assets as collateral for this loan.
H. "Effective Date" means the date on which this Contract is approved and signed by the
Colorado State Controller or designee, as shown on the Signature and Cover Page for this
Contract.
I. "Incident" means any accidental or deliberate event that results in or constitutes an
imminent threat of the unauthorized access or disclosure of State Confidential Information
or of the unauthorized modification, disruption, or destruction of any State Records.
J. "Origination Fee" means the amount equal to one percent (1%) of the Base Loan
Amount.
K. "Parity Indebtedness" means any existing parity debt and additional indebtedness that
may be secured in the future.
L. "Party"means the State or Borrower, and"Parties"means both the State and Borrower.
M. "Pledged Property" means the property pledged to secure repayment of this loan.
N. "Pledged Revenues" means the revenues that consist solely of the Borrower's revenues
pledged for repayment of this loan, as defined in the Resolution and set forth in the Security
Agreement.
O. "Project Extension Terms-State Option" means the time period defined in§2.D.
P. "Project Term"means the time period defined in §2.C.
Q. "Promissory Note" means the document issued to secure repayment of this loan.
R. "Resolution" means the Borrower's written authority to enter into this Contract.
S. "Security Agreement" means the document that provides a security interest in a specified
revenue pledged to repay this loan.
T. "State Fiscal Rules" means that fiscal rules promulgated by the Colorado State Controller
pursuant to §24-30-202(13)(a).
U. "State Records" means any and all State data, information, and records, regardless of
physical form, including, but not limited to, information subject to disclosure under CORA.
V. "Subcontractor"means third-parties, if any, engaged by Borrower to aid in performance of
the Project.
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Contract Number:CT2018-1999