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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 />