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<br />' <br /> -5- <br />' applicable law, hereby agrees that, notwithstanding any other provision <br /> hereof, or of law, this Financial Warranty shall remain in full force and <br /> effect until U. S.F.S. has advised the Board by written notice that the <br /> Operator's obligations to U.S.F.S., for which this Warranty is executed, have <br />' been satisfied and, until its release, has been approved by the Board. <br />' If this Financial Warranty applies to lands under the jurisdiction of the <br />State Board of Land Commissioners ("Land Board"), and if this Financial <br /> Warranty, in whole or in part, is accepted by the Land Board as the bond <br /> required under its applicable law and procedures, then the Operator, having <br /> requested that the State accept this Financial Warranty in lieu of the <br />' sep+~rate bonds which would otherwise be required by the Colorado Mined Land <br /> Reclamation Board ar Division and by the Land Board, hereby agrees that, <br /> notwithstanding any other provision hereof, or of law, this Financial Warranty <br />' <br />' sha <br />Il remain in full force and effect until the Board is notified in writing <br /> by 'the Land Board that the Operator's obligations to the Land Board, for which <br /> this Warranty is executed, have been satisfied and, until its release, is <br />' apprroved by the Board. <br /> If all or any part of the Affected Lands are under the jurisdiction of the <br /> Bureau of Land Management, United States Department of the Interior (the <br /> "BLP1"), and if, at the request of the Operator on this Financial Warranty, the <br /> BLM has, pursuant to 43 C.F.R. 3809.1-9, accepted this Financial Warranty in <br /> lieu of requiring a separate reclamation bond pdyable to the United States,- <br />' then, notwithstanding any other provision of this Financinal Warranty, or of <br /> law;, the Operator and Warrantor hereby agree that this Financial Warranty <br /> shall not be released until the Board is advised in writing by the BLM that <br /> the Operator's obligations to the BLM, for which this Warranty is executed, <br />' have been satisfied and, until its release, is approved by the Board. <br />' This Financial Warranty mdy be executed in multiple copies, each of which <br />shall be treated as an original, but together they constitute only one <br /> agreement, the validity and interpretation of which shall be governed by the <br /> laws of the State of Colorado. <br />1 <br /> The provisions hereof shall bind and inure to the benefit of the parties <br /> hereto and their successors and assigns. <br />' <br /> Signed and dated this 23rd ddy of February 90 <br />UNITED STATES FIDELITY AND GUARANTY COMPANY <br />1 <br /> <br />1 <br /> <br />UNITED <br />