Laserfiche WebLink
Ufl� AG <br /> 4OP U BS Warburg III IIIIIIIIIIIII III Stamford Branch <br /> 677 Washington Boulevard <br /> 999 t'I. No. (203)719-3985 Stamford, CT 06901 <br /> Fax No. k203)719-4657 T ne 203 719-3000 <br /> w .ubsvvarburg.com <br /> IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER F 28559 <br /> January 5, 2001 <br /> BENEFICIARY: <br /> Colorado Division of Minerals and Geology <br /> 1313 Sherman Street, Room 215 RECEIVED <br /> Denver CO 80203 <br /> 303-866-3567 JAN 0 5 2001 <br /> and/or Division of Minerals 8 Geology <br /> United States/Office of Surface Mining Reclamat d Enforcement <br /> 1999 Broadway <br /> Suite 3320 <br /> Denver, CO 80202 <br /> 303-844-1400 <br /> Ladies and Gentlemen: <br /> Effective January 5,2001 we hereby issue our Irrevocable Standby Letter of Credit Number F 28559, in <br /> favor of yourselves by order of AEI Resources, Inc., 2000 Ashland Drive, Ashland KY 41101. <br /> This Letter of Credit in the amount ofUSD 2,000,000.00 (Two Million and 00/1 ted States Dollars) <br /> is available with UBS AG, Stamford Branch, by payment against your sight draft(s) drawn on UBS AG, <br /> Stamford Branch, marked: "Drawn under UBS .AG, Stamford Branch, Standby Letter of Credit numbe_F <br /> 28559 dated January 5,2001", accompanied by the following document: <br /> A beneficiary's statement purportedly signed by an authorized representative of Colorado Division of <br /> Minerals and Geology and/or United States/Office of Surface Mining Reclamation and Enforcement <br /> stating: <br /> "A notice of forfeiture has been issued in accordance with the law regarding Permit Nos. C-9I- <br /> 038 and/or C-96-083 issued to AEI Resources,Inc" <br /> Drafts drawn hereunder can either be executed jointly by Colorado Division of Minerals and Geology or <br /> United States/Office of Surface Mining Reclamation and Enforcement or executed separately by either of <br /> the beneficiaries. In the event drafts are executed by one beneficiary such drawings will be considered a <br /> presentation on behalf of both beneficiaries and the amount drawn will be reduced from the amount <br /> available under the Letter of Credit. In any event any amount drawn hereunder may not exceed the <br /> amount stated in the Letter of Credit. <br /> Partial/Multiple drawings are permitted. <br /> UBS Warburg is a financial services group of USS AG. <br />