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PERMFILE67010
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PERMFILE67010
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Entry Properties
Last modified
8/24/2016 11:12:43 PM
Creation date
11/20/2007 9:39:31 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
C1981028
IBM Index Class Name
Permit File
Doc Date
12/11/2001
Section_Exhibit Name
2.08.5 BOND INFORMATION
Media Type
D
Archive
No
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<br />(unless canceled pursuant to paragraph (3) Hereof) until <br />released in writing Dy tn2 state in dCCOrddnCe with dppliCd- <br />Dle laws specifying Dona releasa procedures. The parties <br />understand that periods of years may nacessarily be required <br />DefOre detarmind[ion can De made that reclamation work nay <br />Deen Sd[iSfdCtOrily CDmpleted• NO r2viSi Onr ex :2 n5~On or <br />renewal of the operator's mining pe r.ni[ or of cne time allowed <br />the Op2rdtA f'.LO cOmpl ete reCldmdCiOn Shrill dime n~Sn Sure ty'S <br />DDliydtipn hereunder. NO miSrepre52n[dCiOn Oy Cne prinCipol <br />f <br />which mdy nave induced Che Sur2ty [o ex2CUte this DOnd Sndll <br />DZ any defense to demand by the State under [his dyreement• <br />(8) Tne state may make demand upon the 's urecy for <br />paym ant Hereunder iF the b0 drd Or the division determi ne5 <br />ihdC reclamation which Ought t0 hdve Deen perfDrmed pursuant <br />to Che plan by [he prinCipol. or its Successors Or dSSignSr <br />j. <br />regains unperformed and if syrety~forfeiture procedures <br />required by ldw hdve been iniCidted. NO Ocher Condition <br />precedent need be fulfilled [o entitle the state to receive <br />cne amount so demanded. However, if upon completion df <br />reclamation the amounts expended for reclamation shall, be <br />less than the amount received from the surety. cne excess <br />shall De promptly refunded td cne surety. <br />la) If demand is made upon cne surety,for payment <br />df do dmdu nt due t0 Che SSdC2 Hereunder, rind if the Surely <br />fails to make payment of such amount within ninety (901 <br />ddy5 ditar the date Of reCeiaC Of SUCK demdna by the surety. <br />rind if it should thereafter De determinedr Dy agreement of <br />th2 Surety or by findl judgment Of COUrCr thdt the dmOUnt <br />demanded was properly payable. surety agrees td pay tb the <br />State• in ddOitiDn t0 [he 3mOUnt Oem3ndedr rote rest dC the <br />. ., ~/ime grits in effect from time CO tine at the First NdCiOndl <br />Brink Of Denver (Of the period CDmme nCiny at Che and Of SuCn <br />ninety-day period and ending on the date of actual payment. <br />-5- <br />136 <br />
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