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!f this financial warranty applies to lands under the <br />juristliction of the State 9oard of Land Commissioners ("Land <br />Board")• and if this financial warranty, in whole or in <br />part. is accepted by the Land 9oard as the bond requiretl <br />under its applicable law and procedures. then, the Operator <br />having requested that the state accept this financial war- <br />ranty in lieu of the separate bonds which would Otherwise <br />De required by the Colorado Mined Land Reclamation Board or <br />Division and by the Land Board• hereby agrees that. notwith- <br />SLdOtli ng dRy pChef prOVlStOb hefe0 f, Or Of )dw• LhiS fIRdO- <br />cial warranty shall remain in full force and effect until <br />the Board is notified in writing by the land Board that the <br />Operator's obligations to the Land Board• for which this war- <br />ranty is executed. have been satisfied and until its release <br />is approved by the Board. <br />If all or any part of. the affected lantls are under <br />Lh2 juri50iGti0n of the Bureau Of Ldntl Management, Unitetl <br />States Department of the Interior. ("the BLMw) and if at <br />the request of the DperaLOr on this fi nan[ial warranty the <br />BL.M has. pursuant to 43 C.F.R. 3809.1-9, accepted this <br />financial warranty in lieu of requiring a separate recla- <br />mati on pond payable to the United States. then. notwithstantl- <br />ing any other provision of this financial warranty, or of <br />lawn tha Operator hereby agrees that this financial warranty <br />Shrill not be feled5etl until the board is ddVi sed in writing <br />by the BLM that the Operator's Obligations t0 the 9LM• for <br />which this warranty is executed. nave Deen satisfied antl <br />until its release is approved by the Board. <br />Tnis financial warranty may be executed in multiple <br />copies, eaen of which shalt be treated as an original. but <br />together they con stituta only one agreement, the vdlioity <br />and interpretation of which shall he governed by [he laws <br />of the ~Lat2 of Col Orad0. <br />-6- <br />