GENERAL36951

• Permit No: M1977376
• IBM Index Class Name: General Documents
• Doc Date: 4/25/1991
• Doc Name: VERIFIED MOTIION OF CF&I STEEL CORP FOR ORDER AUTHORIZING FINANCING AGREEMENT WITH COLO
• Media Type: D
• Archive: No

For Discussion
,~~-., Purposes Only
- . ~~•~~~ COLORADO NATIONAL BANK
OF DENVER
T0: (BENEFICIARY) ISSUING BANK: Colorado National Bank of Denver
United States Department of Interior P.D. Sox 5168
Office of Surface Miaiag Denver, Colorado 80211
Reclamation and Enforcement [phone]
Brooks Towers, 1020 15th Street
Denver, Colorado 80202 DATE OP ISSUE: April ZE, 1991
AMOUNT: USD822,000.00
(Eight Nundrrd Twenty Two
Thousand and noJ100 United
States Dollars)
IIPIRY DATE: October SI, 1991 AT OUR COUNTERS
PiBMIT 1RO~ER: OE 002A
L/C Number: S_-_
LADIES/G~iTLFMEN:
TrM, ~o
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On behalf of C F Ic I Steel Corporation, P.0. Box 316, Pueblo, Colorado 81002 we hereby
establish our Irrevocable Letter of Credit in lour favor, payable in part or full to Lhe
United States, Office of Surface Mining Reclamation and Enforcement, available by lour
draft(s) in an amount not to exceed (f822,000.00), upon receipt of a written demand by the
Office of Surface Mining Reclamation and Enforcement (OSMRE) pursuant to 30 C.F.R. 800.50,
because of any violation of the Surface Mining Control and Reclamation Aet, Lhe regulatory
program, the permit rand the reclamation plan.
Thin Letter of Credit is effective , 1991, and will expire at the close of
business on 1991; however, this credit will automatically be extended for
periods of six months from any scheduled expiration date (as oritiaall7 scheduled or
automatically extended) unless ninety (90) days prior to such date we notify 7ou is writing
b;• certified mail, return receipt requested, that we elect not to renew this Letter of•
Credit for such additional period.
Upon Receipt by you of such aotiee, you nay draw on ns at sight for the mount of this
Letter of Credit beginnin; 30 days or lets prior to the then applicable expiration date,
accompanied by a statement signed bg OSMFtE's Bond ADDrocing Officer certifying that the
amount of the drawing represents funds due the United States of America because the
permittee has failed to replace this Letter of Credit by other suitable bond pursuant to 80
C.F.B. 800.21(b) (2) and 30 C.F.B. 800.30.
We certify that the amount of the credit herein sstablimhed rill not De reduced for nay
reason during the period of this tastrumeat rithout the rritten consent of OS.~E.
Me will give prompt aotiee to the peraittee sad to OSMRE's Bond Approving Officer of nay
notice received or action tiled alleging the insolvency or banYruptcy of the Bank, or
alleging any violations of regulatory requirements rhich eonld result is snspeasion or
=evocation of the Baak'm charter or license to do business.
In the event the Bank beeoaes enable to fnltill our obligations wader this Letter of Credit
for wry reason, aotiee shall be given immediately to the peraittee sad to OSMRE's Bond
Approving Officer.
In xitness whereof, the Bank has hereunto set its signature and sral this da of
, 1991.
DCHIBIT
,s
1Yery truly your:, i,+.~+.~,,~•.= •....- -
(ATJPHORI2ED slcNl+TthtE) ~,:_ -- _- : ~ D