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;3i the obligation of `.ie 3a,~,< ;na;: ,:,, _...ca _-_., =._asaa in <br />'dri *i !14 0'/ the :t3te with tn2 CGnC'_ r'^:' ..- L~~..._. ~ -_.~ :dn'.? With <br />• applicable laxs specifying bond release proca:urzs. .ha par;ia; understand <br />that. periods of years may necessarily be required before aetermination can be <br />made that reclamation work has been sa*.isfactorily completed. No revision, <br />extension or renewal of the Operator's mining permit or of the time allowed <br />the Operator to complete reclamation shall diminish the Bank's obligation <br />under its Certtficate of Deposit. <br />(5) The State may present for payment any Certificate of Deposit held <br />hereunder and Convert the same to cash if the Board or the Division determines, <br />and the OSMRE concurs, that reclamation which ought to have been performed by <br />the Principal, or its successors or assigns, remains unperformed. No other <br />condition precedent need be fulfilled to entitle the State to receive the <br />amount of any such certificate. However, if upon completion of such <br />reclamation, the amounts expended for reclamation shall be less than the <br />amount received from the Bank, the excess shall be promptly refunded to the <br />Principal. <br />(6) Interest on Certificates of Deposit - Check A or 8 below, <br />whichever is applicable. <br />A. Interest on Certificates <br />surety hereunder and shall be evidenced <br />the increased amounts or by the deposit <br />certificates representing the interest. <br />bond will be automatically Increased fr. <br />interest. <br />of Deposit shall become additional <br />either by replacement certificates in <br />with the Division of additional <br />In either event, the amount of this <br />~m time to time by the amount of such <br />• X g, Interest on Certificates of Deposit shall not be State or <br />United States of America funds. Principal shall be entitled to receive all <br />such interest. <br />(7) Principal may, from time to time, withdraw a Certificate of <br />Deposit which is Surety hereunder if and to the extent that a substitute <br />Certificate of Deposit is simultaneously deposited as Surety hereunder in the <br />same amount as the Certificate withdrawn. <br />(8) (a> If this bond applies to National Forest System lands, and if <br />this bond is accepted by the United States Forest Service ("U.S.F.S.") as the <br />bond required under 36 C.F.R. 252.13, then, the Principal and the Surety <br />havtnq requested that the State and the U.S.F.S. accept this single bond in <br />iieu of the separate bonds which would otherwise be required by applicable <br />law, hereby agree that, notwithstanding any other provision hereof, or of law, <br />this bond shall remain in full force and effect until U.S.F.S. has advised the <br />State that the reclamation work has been satisfactorily completed in <br />accordance with the requirements of applicable Federal law and regulations. <br />• <br />