Laserfiche WebLink
w <br /> -4- <br /> Interest on Certificates of Deposit shall not be credited to the Certificate <br /> •of Deposit. The Operator shall receive all such interest. . <br /> The Operator may, from time to time, withdraw a Certificate of Deposit which <br /> is assurance hereunder if and to the extent that a substitute Certificate of <br /> Deposit is simultaneously deposited as assurance hereunder in the same amount <br /> as the Certificate withdrawn. <br /> If this Financial Warranty applies to National Forest System lands, and if <br /> this Financial Warranty is accepted by the United States Forest Service <br /> ("U.S.F.S.") as the bond required under 36 C.F.R. , 252. 13, then the Operator, <br /> having requested that the Board and the U.S.F.S. accept this single Financial <br /> Warranty in lieu of the separate bonds which would otherwise be required by <br /> applicable law, hereby agrees that, notwithstanding any other provision <br /> hereof, or of law, this Financial Warranty shall remain in full force and <br /> effect until U.S.F.S. has advised the Board by written notice that the <br /> Operator' s obligations to U.S.F.S. , for which this Warranty is executed, have <br /> been satisfied, and until the financial warranty has been released by the <br /> Board. <br /> If this Financial Warranty applies to lands under the jurisdiction of the <br /> State Board of Land Commissioners ("Land Board") , and if this Financial <br /> Warranty, in whole or in part, is accepted by the Land Board as the bond <br /> required under its applicable law and procedures, then the Operator, having <br /> requested that the State accept this Financial Warranty in lieu of the <br /> separate bonds which would otherwise be required by the Colorado Mined Land <br /> Reclamation Board or Division and by the Land Board, hereby agrees that, <br /> notwithstanding any other provision hereof, or of law, this Financial Warranty <br /> shall remain in full force and effect until the Board is notified in writing <br /> by the Land Board that the Operator' s obligations to the Land Board, for which <br /> this Warranty is executed, have been satisfied, and until the financial <br /> warranty has been released by the Board. <br /> If all or any part of the Affected Lands are under the jurisdiction of the <br /> Bureau of Land Management, United States Department of the Interior (the <br /> "BLM") , and if, at the request of the Operator on this Financial Warranty, the <br /> BLM has, pursuant to 43 C.F.R. , 3809. 1-9, accepted this Financial Warranty in <br /> lieu of requiring a separate reclamation bond payable to the United States, <br /> then, notwithstanding any other provision of this Financial Warranty, or of <br /> law, the Operator hereby agrees that this Financial Warranty shall not be <br /> released until the Board is advised in writing by the BLM that the Operator' s <br /> obligations to the BLM, for which this Warranty is executed, have been <br /> satisfied, and until the financial warranty has been released by the Board. <br /> This Financial Warranty may be executed in multiple copies, each of which <br /> shall be treated as an original , but together they constitute only one <br /> agreement, the validity and interpretation of which shall be governed by the <br /> laws of the State of Colorado. <br /> The provisions hereof shall bind and inure to the benefit of the parties <br /> hereto and their successors and assigns . <br />