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(c) The applicant's fixed assets in the United States total at least twenty million dollars, and the applicant has a ratio <br />of total liabilities to net worth of two and one-half times or less, and a ratio of current assets to current liabilities of <br />one and one-fifth times or greater. <br />(4) The applicant submits: <br />(a) Financial statements for the most recently completed fiscal year accompanied by a report prepared by an <br />independent certified public accountant in conformity with generally accepted accounting principles and containing <br />the accountant's audit opinion or review opinion of the financial statements with no adverse opinion; <br />(b) Unaudited financial statements for completed quarters in the current fiscal year; and <br />(c) Additional unaudited information as requested by the chief <br />(C) The chief may accept a written guarantee for an applicant's self -bond from a parent corporation guarantor, if the <br />guarantor meets the conditions of paragraph (B) of this rule as if it were the applicant. Such a written guarantee shall <br />be referred to as a "corporate guarantee." The terms of the corporate guarantee shall provide for the following: <br />(1) If the applicant fails to complete the reclamation plan, the guarantor shall do so or the guarantor shall be liable <br />under the indemnity agreement to provide funds to the chief sufficient to complete the reclamation plan, but not to <br />exceed the performance security amount required under rule 1501:13-7-02 of the Administrative Code. <br />(2) The corporate guarantee shall remain in force unless the guarantor sends notice of cancellation by certified mail <br />to the applicant and to the chief at least ninety days in advance of the cancellation date, and the chief accepts the <br />cancellation. <br />(3) The cancellation may be accepted by the chief if the applicant obtains suitable replacement performance security <br />before the cancellation date or if the lands for which the self -bond, or portion thereof, was accepted have not been <br />disturbed. <br />(D) The chief may accept a written guarantee for an applicant's self -bond from any corporate guarantor, whenever <br />the applicant meets the conditions of paragraphs (13)(1), (13)(2) and (13)(4) of this rule, and the guarantor meets the <br />conditions of paragraphs (13)(1) to (13)(4) of this rule. Such a written guarantee shall be referred to as a "non -parent <br />corporate guarantee." The terms of this guarantee shall provide for compliance with the conditions of paragraph (C) <br />of this rule. The chief may require the applicant to submit any information specified in paragraph (13)(3) of this rule <br />in order to determine the financial capabilities of the applicant. <br />(E) For the chief to accept an applicant's self -bond, the total amount of the outstanding and proposed self -bonds of <br />the applicant for coal mining and reclamation operations shall not exceed twenty-five per cent of the applicant's <br />tangible net worth in the United States. For the chief to accept a corporate guarantee, the total amount of the parent <br />corporation guarantor's present and proposed self -bonds and guaranteed self -bonds for coal mining and reclamation <br />operations shall not exceed twenty-five per cent of the guarantor's tangible net worth in the United States. For the <br />chief to accept a non -parent corporate guarantee, the total amount of the non -parent corporate guarantor's present <br />and proposed self -bonds and guaranteed self -bonds shall not exceed twenty-five per cent of the guarantor's tangible <br />net worth in the United States. <br />(F) If the chief accepts an applicant's self -bond, an indemnity agreement shall be submitted subject to the following <br />requirements: <br />(1) The indemnity agreement shall be executed by all persons and parties who are to be bound by it, including the <br />parent corporation guarantor, and shall bind each jointly and severally. <br />