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Secretary of State to terminate all of the STa.TE's rights in and to the revenues pledged to repay this <br />loan. <br />C. The Sr,aTE and the BoRROwER mutually agree as follows: <br />1. Designated Agent Of The STnTe. The CWCB, which includes its agents and employees, is hereby <br />designated as the agent of the STaTe for the purpose of this contrect. <br />2. Contract Is Not Assignable. This contract is not assignable by the BoRROwER except with the prior <br />written approval of the Srqre. <br />3. Contract Relationship. The parties to this contraCt intend that the relationship between them <br />contemplated by this contract is that of lender-borrower, not employer-employee. No agent, <br />employee, or servant of the BoRROweR shall be, or shall be deemed to be, an employee, agent, or <br />servant of the STarE. The BoRROwER shaii be solely and entirefy responsible for its acts and the <br />acts of its agents, employees, servants, engineering firms, construction firms, and subcontractors <br />during the performance of this contract. <br />4. Complete Integretion Of Ali Understandings. This agreement is intended as the complete <br />integration of all understandings between the parties. No prior or contemporaneous addition, <br />deletion, or other amendment hereto shall have any force or effect whatsoever unless embodied <br />herein in writing. No subsequent novation, renewai, addition, deletion, or other amendment hereto <br />shall have any force or effect unless embodied in a written contract executed and approved pursuant <br />to Sra.'rE fiscal rules, with the exception of the Revision Letter as described in the Changes Provision <br />of this contract, unless expressly provided for herein. <br />5. In Event Of A Conflict. In the event of conflict between the terms of this contract and conditions as <br />set foRh in any of the appendices, the provisions of this contract shall control. <br />6. Eligible Expenses. PRO�ECT costs eligible for financing by the SrarE shall be limited to the cost of: <br />a. Preparing final designs and specifications for the Prto�ECT. <br />b. Preparing bid and construction contract documents. <br />c. Preparing environmental assessment or environmental impact statements, and othenvise <br />complying with the Federal National Environmental Policy Act. <br />d. Complying with ail federal, state, and local regulatory requirements, including the obtaining of all <br />required permits. <br />e. Fish and wildlife mitigation measures required by federal, state, or local laws and regulations. <br />f. Actual construction as called for in the design documents and in change orders approved by the <br />STATE, thB BORROWER, th2 CONSULTANT 8�d thE CONSTRUCTION FIRM. <br />g. Engineering services for construction management, including design and construction <br />management for STATE-approved change orders. <br />li. Legal services for reviewing engineering services contracts, reviewing this contract, reviewing <br />construction contract documents, and for complying with all federal, state, and local regulatory <br />requirements. <br />7. STa're May Release Contrect. In its sole discretion, the STaTE may at any time give any consent, <br />deferment, subordination, release, satisfaction, or termination of any or ali of the BoRROwER's <br />Boulder & Left Hand Irrigation Company Page 8 of 12 Loan Contract <br />