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<br />.? Definition of Breach and ~ . <br /> <br />If through any cause CWCB shall fail to fulfill, in a timely and proper manner, the obligations <br />under this.agreement, or ifCWCB shall violate any of the covenants, agreements, or <br />stipulations of this contract, the OEM shall thereupon have the right to tenninate this contract <br />for cause by giving written notice to CWCB of such termination and specifying the effective <br />date thereof, at least (5) days before the effective date of such tennination. <br /> <br />7. Termination <br /> <br />Either party may tenninate this agreement by written notice of such termination to the other <br />party, specifying the date thereof at least fifteen (l5) days before the effective date of such <br />tennination. If either party should terminate the Agreement for any reason prior to <br />completion of the project, all funds transferred to CWCB and not expended on eligible <br />project expenses will be returned to DOLA, as well as a report identifying current status of <br />the program, expenditures to date, and ail activities completed. If the tennination is due to <br />cause, Paragraph 7 relative to timing of notice shall apply. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Memorandum of Agreement which shall <br />be effective on execution. <br /> <br /> <br />~J~~ ;& <br /> <br />Signature <br /> <br />Larry Kallenberger, <br />Executive Director, <br />Department of Local Affairs <br /> <br />For the Executive Director <br />Department of Natural Resources (Colorado <br />Water Conservation Board, Daries C. Lile, P.E. <br />Director) <br /> <br />APPRO\OOP:ROVALS: <br />STATE COi'lf?OLLER <br />By:. ~~I:FF~~~~~ <br /> <br />SIgnature <br /> <br />, <br /> <br />Clifford W. Hall, <br />State Controller <br /> <br />Page 3 .0 Pag.. <br />