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or hereafter amended. <br />Section 13. Severability <br />To the extent that this contract may be executed and performance of the obligations of <br />the parties may be accomplished within the intent of the contract, the terms of this contract are <br />severable, and should any term or provision hereof be declared invalid or become inoperative <br />for any reason, such invalidity or failure shall not affect the validity of any other term or provision <br />hereof. <br />Section 14. Waiver <br />The waiver of any breach of a term, provision, or requirement of this contract shall not be <br />construed or deemed as a waiver of any subsequent breach of such term, provision, or <br />requirement, or of any other term, provision or requirement. <br />Section 15. Entire Understanding <br />This contract is intended as the complete integration of all understandings between the <br />parties. No prior or contemporaneous addition, deletion, or other amendment hereto shall have <br />any force or effect whatsoever, unless embodied herein by writing. No subsequent novation, <br />renewal, addition, deletion, or other amendment hereto shall have any force or effect unless <br />embodied in a writing executed and approved pursuant to the State Fiscal Rules. <br />Section 16. Survival of Contract Terms <br />Notwithstanding anything herein to the contrary, the parties understand and agree that <br />all terms and conditions of this contract and the exhibits and attachments hereto which may <br />require continued performance, compliance or effect beyond the termination date of the contract <br />shall survive such termination date and shall be enforceable by the State as provided herein in <br />the event of such failure to perform or comply by the Local Agency. <br />Section 17. Modification and Amendment <br />A. This contract is subject to such modifications as may be required by changes in federal or <br />State law, or their implementing regulations. Any such required modification shall automatically <br />be incorporated into and be part of this contract on the effective date of such change as if fully <br />set forth herein. Except as provided above, no modification of this contract shall be effective <br />unless agreed to in writing by both parties in an amendment to this contract that is properly <br />executed and approved in accordance with applicable law. <br />B. Either party may suggest renegotiation of the terms of this Contract, provided that the <br />Contract shall not be subject to renegotiation more often than annually, and that neither <br />party shall be required to renegotiate. If the parties agree to change the provisions of <br />this Contract, the renegotiated terms shall not be effective until this Contract is <br />amended/modified accordingly in writing. Provided, however, that the rates will be <br />modified only if the party requesting the rate change documents, in accord with then <br />applicable cost accounting principles and standards (including sections 24-107-101, et <br />seq., C.R.S. and implementing regulations), that the requested increase/decrease is <br />based on and results from (and is proportionate to) an increase/decrease in the <br />"allowable costs" of performing the Work. <br />Page 6 of 12 <br />