Laserfiche WebLink
<br />'3e\ <br /> <br />, >, _., 1'---'>, <br />; <br /> <br />the repayment. Copies of such security interest (Uniform Co=ercial Code-Security <br />Agreement and Uniform Co=ercial Code--Financing Statement) shall be attached <br />hereto and incorporated herein as Exhibits G and H, respectively. The Resolution of <br />the Contractor and the security interest of the Contractor are conditions precedent to <br />State performance. <br /> <br />~: (. <br /> <br />O. The Contractor warrants that in the event of a default by the Contractor in the <br />repayment to the State, and upon written notice thereof from the State, the Contractor <br />shall, pursuant to its By-Laws and Section 7-42-104, CRS (1986), immediately take all <br />necessary actions to levy an additional assessment and to pledge additional revenues in <br />a in a sufficient amount and in a timely manner to cure the default and to repay the <br />State as required by the contract. Such additional revenues shall be deemed covered <br />by the existing security interest. <br /> <br />P. The Contractor warrants that the security interest executed by the Contractor in <br />favor of the State to secure repayment of this loan is a valid security interest which <br />shall be binding against the Contractor and that the Contractor has perfected this <br />security interest such that the State has priority over all other co!llpeting claims for <br />such secured revenues. ' <br /> <br />Q. The Contractor warrants that by acceptance of the loan money pursuant to the <br />terms of this contract and by the Contractor's representation herein, the Contractor <br />shall be estopped from asserting for any reason that it is not authorized or obligated to <br />repay the loan money to the State as required by this contract.' <br /> <br />R. All notices, correspondence, or other documents required by this contract shall <br />be delivered or mailed to the following addresses: <br /> <br />1. <br /> <br />For the State: <br /> <br />2. For the Contractor: <br /> <br />Daries C. Lile, P.E., Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 802035Attn: Frank Akers <br /> <br />The New Cache la Poudre <br />Irrigating Company <br />P.O. Box 104 <br />Lucerne, CO 80646 <br /> <br />Attn: Jeff Harbert <br />Superintendent <br /> <br />ncachepr.con <br /> <br />page 10 of 12 Pages <br />