Laserfiche WebLink
<br />'. '. <br />" <br /> <br />damage or injury, including death, to persons or property, caused by any acts or omissions <br />of those parties or sustained in connection with the performance of any contract related to <br />the PROJECT or by conditions created thereby, or based upon any violation of any statute, <br />ordinance, or regulation, and the defense of any such claims or actions. <br /> <br />6. Liability Insurance During Construction. During construction of the PROJECT, the <br />BORROWER shall require the construction firm(s) and any subcontractors to maintain the <br />following insurance coverage in the limits shown with a company that is satisfactory to the <br />CWCB during the term of their contracts for the construction of the PROJECT. Said general <br />liability insurance shall name the BORROWER and the CWCB as additional insured. An <br />additional insured endorsement and a copy of a current certificate of said liability insurance <br />must be provided to the CWCB prior to commencement of construction and maintained <br />until construction is complete. No payments shall be made to the BORROWER unless all <br />insurance certificates are current. The BORROWER shall file notices of renewals of said <br />policies with the CWCS as renewals occur. Before or during the time of construction, the <br />CWCS reserves the right to Increase the above limits of insurance as may be warranted by <br />the size of the PROJECT. <br /> <br />a. Buiider's risk insurance for construction in progress for alf periis of loss including fire, <br />wind, hail, and vandalism in an amount equal to the completed value of the PROJECT. <br /> <br />b. Worker's compensation and employer's liability insurance in the required statutory <br />amounts. <br /> <br />, <br /> <br />c. Automobiie liability insurance that includes coverage for all owned, non-owned and hired <br />vehicles with minimum limits of $1,000,000 combined single limit for bodily injury and <br />property damage. <br /> <br />d. Commercial general liability insurance with minimum limits of $1,000,000 combined <br />singie limit for each occurrence and $2,000,000 general aggregate. This insurance <br />coverage shall include products/completed operations and bodiiy injury/property <br />damage. <br /> <br />C. GENERAL PROVISIONS <br /> <br />1, Periodic Inspections. Throughout the term of this contract, the BORROWER shall permit a <br />designated representative of the CWCB to make periodic inspections of the PROJECT. Said <br />inspections shall cover the condition of the PROJECT, operating records, maintenance <br />records, and financial records. These inspections are solely for the purpose of verifying <br />compliance with the terms and conditions of this contract and shall not be construed nor <br />interpreted as an approval of the actual design, construction or operation of any element of <br />the PROJECT facilities. <br /> <br />2. Adhere To Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, <br />state, and local laws and regulations that are in effect or may hereafter be established <br />throughout the term of this contract. <br /> <br />3, Designated Agent Of The CWCS. The cwes's agents and employees are hereby <br /> <br />Page 6 of 10 <br /> <br />Loan Contract <br />