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-2 - <br />payment upon demand of the full amount, or portions thereof as requested by the Board or the <br />Division on the terms and conditions described herein, said payment of monies to be used for <br />the reclamation of all lands affected under Permit No. in accordance with the <br />provisions and requirements of Rule 3.02.4(2)(e), the Act and the terms and conditions of the <br />permit. This guarantee covers any and all demands, liabilities, charges, and expenses of <br />whatsoever kind of nature, which the Board or Division may at any time sustain or incur by <br />reason of or in consequence of having accepted the Self -Bond of the Operator, including all <br />litigation costs and all administrative costs reasonably incurred by the Board or the Division in <br />any effort to enforce obligations and requirements of the Operator with respect to the operation <br />or activity that is bonded. <br />IL This Guarantee is a continuing guarantee and is to be in full force and effect until all of the <br />terms of the Operator's Self -Bond have been satisfactorily performed or otherwise discharged <br />to the satisfaction of the Board or the Division, with concurrence from OSM. <br />III. Guarantor hereby fully consents to the following, any of which shall not affect nor change or <br />discharge the obligations of this Guarantee: <br />Any renewals, revisions, modifications to the terms of the Self -Bond including increases <br />or decreases in the dollar amount of the bond, or the lands to which it applies, in <br />accordance with the requirements of the Act and the rules and regulations promulgated <br />thereunder. <br />2. Any extension of time for performance of the whole or any part of the conditions of the <br />Self -Bond. <br />Any changes, revisions, modifications or renewals to the terms of the Permit, including <br />the mining and reclamation plans contained therein. <br />IV. The Guarantor expressly waives the following: <br />Notice of the acceptance of this Guarantee by the Board or the Division. <br />2. Notice of renewals, revisions, modifications to the Self -Bond. <br />Notice of changes, revisions, modifications or renewals to the terms of the Permit. <br />4. Notice of any extensions of time for performance of the whole or any part of the <br />condition of the Self -Bond. <br />