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7. In Event Of A Conflict. In the event of conflict between the terms of this contract and <br /> conditions as set forth in any of the appendices, the provisions of this contract shall control. <br /> 8. CWCB May Release Contract. In its sole discretion, the CWCB may at any time give any <br /> consent, deferment, subordination, release, satisfaction, or termination of any or all of the <br /> BORROWER'S obligations under this contract, with valuable consideration, upon such terms and <br /> conditions as the CWCB may determine to be advisable to further the purposes of this <br /> contract or to protect the CWCB's financial interest therein, and consistent with both the <br /> statutory purposes of this Contract and the limitations of the statutory authority under which it <br /> is made. <br /> 9. Casualty and Eminent Domain. If, at any time, during the term of this contract, (a) the <br /> BORROWER'S PROJECT facilities, including buildings or any portion thereof, are damaged or <br /> destroyed, in whole or in part, by fire or other casualty, or (b) title to or use of the PROJECT <br /> facilities or any part thereof shall be taken under the exercise of the power of eminent domain, <br /> the BORROWER shall cause the net proceeds of any insurance claim or condemnation award to <br /> be applied to the prompt replacement, repair and restoration of the PROJECT facilities or any <br /> portion thereof, or to repayment of this loan. Any net proceeds remaining after such work has <br /> been completed or this loan has been repaid, shall be retained by the BORROWER. If the net <br /> insurance proceeds are insufficient to pay the full cost of the replacement, repair and <br /> restoration, the BORROWER shall complete the work and pay any cost in excess of the net <br /> proceeds. In the event BORROWER opts to repay the loan, BORROWER shall remain <br /> responsible for the full loan amount outstanding regardless of the amount of such insurance <br /> proceeds or condemnation award. <br /> 10.Captions. The captions and headings contained in this contract are for convenience and <br /> reference only and shall not be construed so as to define or limit the terms or provisions <br /> contracted herein. <br /> 11.CWCB's Approval. This contract requires review and approval of plans, specifications, and <br /> various other technical and legal documents. The CWCB's review of these documents is only <br /> for the purpose of verifying BORROWER'S compliance with this Contract and shall not be <br /> construed or interpreted as a technical review or approval of the actual design or construction <br /> of the PROJECT. Notwithstanding any consents or approvals given to the BORROWER by the <br /> CWCB on any such documents, BORROWER shall be solely responsible for the accuracy and <br /> completeness of such documents. <br /> 12.Waiver. The waiver of any breach of a term of this contract,shaIl not..be construed as a <br /> waiver of any other term, or of any subsequent breach of the6sarie tOrrn <br /> 13.Addresses for mailing. All notices, correspondence, or other documents required by this <br /> contract shall be delivered or mailed to the addresses_shown ;in the Section 1 (Borrower <br /> Information) of the Project Summary, for the B060:00 and.Ao the address below for the <br /> CWCB: .°' _, <br /> Colorado Water Conservation Board <br /> Attn: Construction Fund Section <br /> 1313 Sherman Street, Room 721 <br /> Denver, CO 80203 <br /> Page 6 of 8 Loan Contract <br />