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<br />''"''j <br /> <br />Contractor under the Denver Lease being assignable to the State <br />if the Contractor defaults. The Contractor may not amend the <br />lease agreement without written concurrence from the State. If <br />the Contractor defaults on its loan repayment obligation to the <br />State, the Contractor hereby assigns its rights under the Denver <br />Lease to the state. <br /> <br />18. Not sell, convey, assign, grant, transfer, mortgage, <br />pledge, encumber, or otherwise dispose of the project or any <br />portion thereof or of the lease proceeds being dedicated to <br />repayment of the Contractor's obligation herein without the <br />prior written concurrence of the State so long as any of the <br />annual installments required by paragraph B.16. above remain <br />unpaid. <br /> <br />C. Upon default in the payments herein set forth to be made by <br />the Contractor to the State, or default in the performance of <br />any covenant or agreement contained herein, the State, at its <br />option, may: (a) declare the entire principal amount then <br />outstanding immediately due and payable; (b) act upon the <br />security (described in paragraph B.17. above) conveyed to the <br />state; (c) take action to enforce paragraphs B.10. and 16. <br />above; and/or (d) take any other appropriate legal action. All <br />remedies described herein may be simultaneously or selectively <br />and successively enforced. The provisions of this contract may <br />be enforced by the state at its option without regard to prior <br />waivers by it or previous defaults by the Contractor, through <br />judicial proceedings to require specific performance of this <br />contract, or by such other proceedings in law or equity as may <br />be deemed necessary by the State to insure compliance with <br />provisions of this contract and the laws and regulations under <br />which this contract is entered into. <br /> <br />D. This contract is not assignable by the Contractor except <br />upon the prior written approval of the State. <br /> <br />E. The parties to this contract intend that the relationship <br />between them contemplated by this contract is not that of <br />employer-employee. No agent, employee, or servant of the <br />Contractor shall be or shall be deemed to be an employee, agent <br />or servant of the state. The Contractor will be solely and <br />entirely responsible for its acts and the acts of its agent, <br />employees, servants, engineering firms, Construction Firms, and <br />subcontractors during the performance of this contract. <br /> <br />F. This contract is intended as the complete integration of <br />all understandings between the parties. No prior or <br />contemporaneous addition, deletion, or other amendment hereto <br />shall have any force or effect whatsoever unless embodied herein <br />in writing. No subsequent novation, renewal, addition, <br />deletion, or other amendment hereto shall have any force or <br /> <br />Page 1 of .ill Pages <br />