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et forth herein. Said amount may oe amended from time to <br />time to raflect revised estimates of said costs of recla- <br />mail on. <br />wHEREAS• the Operator. in accordance with the Act• <br />nas promised and hereby promises the Board that it will be <br />rasponsible for aft the estimated costs of reclamation with <br />regard to the Affected Lands. <br />wnEREAS• the Board has determined that Ghe financial <br />warranty oy the Operator equals the estimated costs of recla- <br />mation. as approve0 by the Board. with regar0 .to the Affected <br />Lands. <br />wr+EREAS• as proof of its financial responsibility. <br />the Operator has proceeded pursuant t0 Section <br />34-32-117(3)(a)(III) of the Oct and has caused the <br />Gwyn :~on_Ba~jc_~:j_ ~ala>ucxxx _ T~y£ C~mp~ryy,__~____• State of <br />~pjQZadp__--~ (^t he Bank^) to issue a Certificate of deposit <br />No. _7,()93fi_~_ dated Mari 7y____ 198z payable to the 8o and <br />in the amount of <br />Three thousand and no/100--------------------------------------- Dollars <br />(;3,000.00-----~ for the period from May ~~__----~_ 198 <br />through v o_ember 7,-_-__ 1984 and has delivered it to the <br />state to be held by the state as proof of the Operator's <br />financial responsibility under this financial warranty. <br />The 3dnK i5 not d pdrty LO this dgreem@nil Its ObllgdtiOns <br />are set forth in its certificate of deposit. Nothing in <br />this financial warranty diminishes or qualifies the 8ank•s <br />ootigations under its certificate of deposit. <br />NON THEREFORE. the Operator is held hereby firmly <br />unto the State of Colorado in the amount of Loose sums for <br />LhOSe DefiOds Of time d5 Set forth hef@In• until Chis findn- <br />cial warranty is amended or released in accordance with <br />applicaola law. <br />The Board mdy• for gbOd Cause SnOwn• inC red50 or deCredSe <br />-2` <br />