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of the permit or of the time allowed to complete reclamation <br />Shalt diminish the Operator's obligation under Chis financial <br />warranty. <br />In any single year during the life of the permits the <br />amount of the financial warranty shat) not exceed the esti- <br />mated cost of fully reclaiming all lands to De affected in <br />said year. plus all lands affected in previous permit years <br />antl not yet fully reclaimed. reclamation costs shall be com- <br />put@d Mlth fefBfenCO t0 Current reclamation COStS• <br />The amount of this financial warranty is Dased upon <br />estimates as to the cost of reclamation. and does not operate <br />to liquidate. limit. enlarge. or restrict the Operator's <br />obligations to complete the reclamation. even though the <br />actual COSts thereof may suostantially exceed the amount of <br />this financial warranty. <br />This financial warranty shall De subject to forfeiture <br />whenever the Board determines that any one or more of the <br />following circumstances exist: <br />I. A cease and desist order entered pursuant <br />Lo Section 34-32-124 of the Act has been viol ated.. and the <br />COrreCLIVB dCtlOn Df Op0580 In Such OrdBr hds not Dean Com- <br />pleted although ample time to have done so nas elapsed; or <br />2. The Operator is in default under its per- <br />formance warranty, and such default has not been cured although <br />written notice dnd ample time CO Cure Such default has D@Bn <br />given; or <br />3. The Operator has faired to maintain its <br />financial warranty in good scantling as requireq by the Actl <br />or <br />4. The ^perator no longer has the financial <br />dDility t0 Carry OUt its ODligdLIOns in dCCOfddOCe with the <br />Act• <br />The description Of lands herein is for convenience of <br />-4- <br />