CT2019-2099 Contract

• Contract/PO #: CT2019-2099
• Contractor Name: Ogilvy Irrigating and Land Company
• Contract Type: Grant/Loan Combo
• 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 App:ndices, all documents
incorporated by reference, all referenced statutes, rules and cited au I orities, and any future
modifications thereto.
E. "Contract Funds"means the funds that have been appropriated,des gnated,encumbered,or
otherwise made available for payment by the State under this Contr. t.
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 titl: of a particular piece of
property or other assets as collateral film-this loan.
H. "Effective Date" means the date or which this Contract is appr•ved and signed by the
Colorado State Controller or designee, as shown on the Signature d Cover Page for this
Contract.
I. "Incident" means any accidental r deliberate event that resu s in or constitutes an
imminent threat of the unauthorized a cess or disclosure of State Confidential Information or
of the unauthorized modification, dis ption, or destruction of any State Records.
J. "Origination Fee" means the amount equal to one percent(1%)o the Base Loan Amount.
K. "Parity Indebtedness"means any existing parity debt and addition;1 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 repaym•nt of this loan.
N. "Pledged Revenues" means the revenues that consist solely of t e Borrower's revenues
pledged for repayment of this loan, as defined in the Resolution an• set forth in the Security
Agreement.
O. "Project"means the replacement of ihe Hess teral Ditch with a i uried pipeline as further
defined in appendix 1.
P. "Project Extension Terms-State Option" means the time-period •efined in§2.D.
Q. "Project Term" means the time-per. defined in §2.C.
R. "Promissory Note" means the doc ent issued to secure repayme t of this loan.
S. "Resolution" means the Borrower's written authority to enter into is Contract.
T. "Security Agreement" means the dpcument that provides a sec ty interest in a specified
revenue pledged to repay this loan.
U. "State Fiscal Rules" means that fis?al rules p omulgated by the I olorado State Controller
pursuant to §24-30-202(13)(a).
V. "State Records" means any and 11 State d ta, information, . d records, regardless of
physical form, including, but not li 'ted to, in rmation subject to •isclosure under CORA.
W. "Subcontractor"means third-partie , if any, el gaged by Borrowe I to aid in performance of
the Project.
Plage 4of19
Contract Number:CT2019-2099