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<br />, <br /> <br />.,-... <br />, ' <br />, <br /> <br />--, <br /> <br />next succeeding the month in which the <br />State determines that the project has <br />been substantially completed. and yearly <br />thereafter until the entice principal sum <br />shall have been paid. However. in the <br />event the Contractor does not draw funds <br />commencing on the date specified in <br />paragraph C.I.a. below. the Obligation to <br />repay (shall be postponed for the same <br />number of months as the Contractor delays <br />in drawing funds. Said installment <br />payments shall be made payable to the <br />Colorado Water Conservation Board. <br />payable at the offices of said Board in <br />Denver. Colorado. The Contractor- pledges <br />its full faith and credit in support of <br />this Obligation and warrants that it has <br />taken all steps necessary to pledge its <br />full faith and credit for this Obligation. <br /> <br />I. Upon completion of the repayment to <br />the StatEf'in the sum of Two Million Six <br />Hundred Eighty~Seven Thousand six Hundred <br />sixty Dollars and Forty Cents <br />($2.687,660.40), as set forth in <br />paragraph A.1I. of this contract. the <br />State agrees to convey to the Contractor <br />all of the State's eight. title. and <br />interest in and to the project and any <br />other property desceibed in paeagraph <br />A.5. by deed or other proper conveyance. <br /> <br />3. The effective date of this contract amendment is <br />May 1. 1987. <br /> <br />4. In the event of any conflict. inconsistency, <br />variance or incongruity between the provision of this <br />contract amendment and any of the provisions of the the <br />Original Contract. the prOVisions of this contract <br />amendment shall in all respects supersede. govern. and <br />control. <br /> <br />Page ~ of ! Pages <br />