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5. Notice of bond forfeiture proceedings, notice of any demand for payment of the <br />SelfBond; or, any dishonor thereof. <br />6. All other notices to which the Guarantor might otherwise be entitled in connection <br />with this Guarantee or the obligation hereby guaranteed. <br />7. The institution of any civil actions or the exhaustion of legal remedies against the <br />Operator as a condition to enforcement of this Guarantee. <br />8. It is understood that any notice provided by the Board or Division to the Guarantor <br />shall not constitute a release or modification of the above waivers. <br />V. This Guarantee is subject to the following conditions, to wit: <br />1. Any demand for funds shall be accompanied by a signed statement that the Board or <br />Division has forfeited, in whole or in part, the SelfBond and a copy of the Order of <br />forfeiture. <br />2. This Guarantee shall be limited in amount as follows: <br />a. Reclamation costs: the indebtedness reflected by the approved SelfBond <br />existing at the time of bond forfeiture by the Board or the Division. <br />b. Litigation and administrative costs: the actual amount of such costs <br />reasonably incurred in any successful effort to enforce requirements and <br />obligations of the Operator and/or the obligations of the Guarantor under this <br />agreement. Litigation and administrative costs shall not be limited by the <br />indebtedness reflected by the approved selfbond. <br />3. If the Operator fails to complete the reclamation as required by the Act, the rules and <br />regulations pursuant to the Act and the terms and conditions of the Permit, the <br />Guarantor shall be required to complete the approved reclamation plan for the lands <br />in default or to pay to the State and OSM the amount in full necessary to complete <br />the approved reclamation plan, not to exceed the bond amount, within ten (10) <br />business days after receipt of the Board's or the Division's demand for payment. The <br />Guarantor hereby agrees that demands for payment may be based on and are payable <br />on projections of costs or their actual accrual and that liability for payment shall not <br />be contingent on the costs having been presently sustained. <br />4. This Guarantee may be canceled only upon notice of said cancellation being sent to <br />the Operator and the Division at least ninety (90) days in advance of the proposed <br />In <br />