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PROJC00871
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PROJC00871
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Last modified
11/19/2009 11:17:53 AM
Creation date
10/6/2006 12:14:52 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153800
Contractor Name
Arkansas Groundwater Users Association
Contract Type
Loan
Water District
14
County
Pueblo
Bill Number
ARA
Loan Projects - Doc Type
Contract Documents
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<br />proceedings to require specific performance of this contract, or by such other <br />proceedings in law or equity as may be deemed necessary by the STATE to ensure <br />compliance with provisions of this contr8ct and the laws and regulations under which <br />this contract is executed. The STAT~'S exercise of any or all of the remedies <br />described herein shall not relieve the BORROWER of any of its duties and obligations <br />under this contract. <br /> <br />13. In Event Of A Conflict. In the event of conflict between the terms of this contract and <br />conditions as set forth in any of the appendices, the provisions of this contract shall <br />control. <br /> <br />14. Release After Loan Is Repaid. Upon complete repayment to the STATE of the entire <br />principal and any accrued interest as specified in the promissory note, the STATE <br />agrees to execute releases of the security agreement and Assignment of Deposit <br />Account to convey to the BORROWER all of the STATE'S right, title, and interest in and to <br />the security provided for this loan, to file a UCC-3 form with the Secretary of State to <br />terminate all of the STATE'S rights in and to the security provided for this loan, and to <br />release to the BORROWER any unused funds contained in the CD ACCOUNT. <br /> <br />15. Designated Agent Of The STATE. The CWCB, which includes its agents and <br />employees, is hereby designated as the agent of the STATE for the purpose of this <br />contract. <br /> <br />16. Contract Assignment. This contract is not assignable by the BORROWER except with <br />the prior written approval o.f the STATE. <br /> <br />17. Contract Relationship. The parties to this contract intend that the relationship <br />between them contemplated by this contract is that of lender-borrower, not employer- <br />employee. No agent, employee, or servcmt of the BORROWER shall be, or shall be <br />deemed to be, an employee, agent, or servant of the STATE. The BORROWER shall be <br />solely and entirely responsible for its acts and the acts of its agents, employees, servants, <br />engineering firms, construction firms, and subcontractors during the performance of this <br />contract. <br /> <br />18. Complete Integration Of All Understandings. This agreement is intended as the <br />complete integration of all understandings between the parties. No prior or <br />contemporaneous addition, deletion, or other amendment hereto shall have any force or <br />effect whatsoever unless embodied herein in writing. No subsequent novation, renewal, <br />addition, deletion, or other amendment hereto shall have any force or effect unless <br />embodied in a written contract executed and approved pursuant to STATE fiscal rules. <br /> <br />19. Captions. The captions and headings contained in this contract are for convenience <br />and reference only and shall not be construed so as to define or limit the terms or <br />provisions contracted herein. <br /> <br />20. STATE'S Approval. This contract requires review and approval of plans, <br />specifications, and various other technical and legal documents. The STATE'S review of <br />these documents is only for the purpose of verifying BORROWER'S compliance with this <br />contract and shall not be construed or interpreted as a technical review or approval of the <br /> <br />Feasibility Report Loan Contract <br /> <br />Page 6 of 11 <br />
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