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(unless canceled pursuant to paragraph (3) Hereof) until released in writing Dy tn2 state in dCCOrddnCe with dppliCd- Dle laws specifying Dona releasa procedures. The parties understand that periods of years may nacessarily be required DefOre detarmind[ion can De made that reclamation work nay Deen Sd[iSfdCtOrily CDmpleted• NO r2viSi Onr ex :2 n5~On or renewal of the operator's mining pe r.ni[ or of cne time allowed the Op2rdtA f'.LO cOmpl ete reCldmdCiOn Shrill dime n~Sn Sure ty'S DDliydtipn hereunder. NO miSrepre52n[dCiOn Oy Cne prinCipol f which mdy nave induced Che Sur2ty [o ex2CUte this DOnd Sndll DZ any defense to demand by the State under [his dyreement• (8) Tne state may make demand upon the 's urecy for paym ant Hereunder iF the b0 drd Or the division determi ne5 ihdC reclamation which Ought t0 hdve Deen perfDrmed pursuant to Che plan by [he prinCipol. or its Successors Or dSSignSr j. regains unperformed and if syrety~forfeiture procedures required by ldw hdve been iniCidted. NO Ocher Condition precedent need be fulfilled [o entitle the state to receive cne amount so demanded. However, if upon completion df reclamation the amounts expended for reclamation shall, be less than the amount received from the surety. cne excess shall De promptly refunded td cne surety. la) If demand is made upon cne surety,for payment df do dmdu nt due t0 Che SSdC2 Hereunder, rind if the Surely fails to make payment of such amount within ninety (901 ddy5 ditar the date Of reCeiaC Of SUCK demdna by the surety. rind if it should thereafter De determinedr Dy agreement of th2 Surety or by findl judgment Of COUrCr thdt the dmOUnt demanded was properly payable. surety agrees td pay tb the State• in ddOitiDn t0 [he 3mOUnt Oem3ndedr rote rest dC the . ., ~/ime grits in effect from time CO tine at the First NdCiOndl Brink Of Denver (Of the period CDmme nCiny at Che and Of SuCn ninety-day period and ending on the date of actual payment. -5- 136