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• (4> The oblicarion or thz 3an~ sna:i continue until released in <br />writing by the State, with the concurrence of OSMRE, in accordance with <br />applicable laws specifying bond release procedures. The parties understand <br />that periods of years may necessarii;~ be required before determination can be <br />made that reclamation work has been satisfactorily Completed. No revision, <br />extension or renewal of the Operator's miring permit or of the time allowed <br />the Operator to complete reclamation shall diminish the Bank's obligation <br />under its Certificate of Deposit. <br />(5> The State may present for payment any Certificate of Deposit he id <br />hereunder and convert the same to cash 1f 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 B <br />v <br />A. Interest on Certificates of Deposit shall become additional <br />surety hereunder and shall be evidenced either by replacement certificates in <br />the increased amounts or by the deposit with the Division of additional <br />certificates representing the interest. In either event, the amount of this <br />bond will be automatically increased from time to time by the amount of such <br />• interest. <br />X B. 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same amount as the Certificate withdrawn.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 />having requested that the State and the U.S.F.S. accept this single bond in <br />lieu of the separate bonds which would otherwise be required by applicable <br />laµ, 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 Federai law and regulations. <br />• <br />