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<br />. , <br /> <br />CWCS during the term of their contracts for the construction of the PROJECT. The Borrower <br />must provide a copy of a current certificate of said liability insurance to the CWCB prior to <br />commencement of construction and maintained until construction is complete. No payments <br />shall be made to the BORROWER unless all insurance certificates are current. The BORROWER <br />shall file notices of renewals of said policies with the CWCS as renewals occur. <br /> <br />a, Builder's risk insurance for construction in progress for all perils of loss including fire, wind, <br />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 mounts, <br /> <br />c. Automobile 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 single <br />limit for each occurrence and $2,000,000 general aggregate. This insurance coverage <br />shall include products/completed operations and bodily injury/property 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 CWC8 to make periodic inspections of the PROJECT. Said <br />inspections shall cover the condition of the PROJECT, operating records, maintenance records, <br />and financial records, These inspections are solely for the purpose of verifying compliance <br />with the terms and conditions of this contract and shall not be construed nor interpreted as an <br />approval of the actual design, construction or operation of any element of the PROJECT <br />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 eweB. The CWCS's agents and employees are hereby <br />designated as the agents of the eWCB for the purpose of this contract. <br /> <br />4. Contract Is Not Assignable. The BORROWER may not assign this contract except with the <br />prior written approval of the CWCB. <br /> <br />5. Contract Relationship. The parties to this contract intend that the relationship between them <br />under this contract is that of lender-borrower, not employer-employee. No agent, employee, <br />or. servant of the BORROWER shall be, or shall be deemed to be, an employee, agent, or <br />servant of the CWCB, The BORROWER shall be solely and entirely responsible for its acts and <br />the acts of its agents, employees, servants, engineering firms, construction firms, and <br />subcontractors during the term of this contract. <br /> <br />6. Complete Integration Of All 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 <br />embodied herein in writing. No subsequent novation, renewal, addition, deletion, or other <br />amendment hereto shall have any force or effect unless embodied in a written contract <br />executed and approved pursuant to STATE fiscal rules, unless expressly provided for herein. <br /> <br />Page 5 of 8 <br /> <br />Loan Contract <br />