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WHEREAS, overlapping reclamation requirements under the <br />jurisdiction of the Division and under the juridiction of the Colorado Mined <br />Land Reclamation Board (the "Board") have been allocated between such agencies <br />for the purposes of determining the amount of this bond and the amount of a <br />separate bond provided to the Board. Such allocation has been made to avoid <br />or minimize duplicate bonding and in no way liquidates, limits or enlarges the <br />obligation of the Principal to fulfill the reclamation requirements ~~f the <br />laws administered by each of such agencies. Such allocation makes it <br />incumbent, however, upon the agencies to cooperate closely in the event of any <br />default under either bond and in the event of the proposed release of either <br />bond to the end that adequate bond protection will be maintained in Full force <br />and effect at all times prior to the completion of reclamation. <br />NOW, THEREFORE, the conditions of this obligation are ;uch that <br />if the Principal shall faithfully perform the requirements and conditions of <br />the License pertaining to the decommissioning, decontamination and reclamation <br />of the Project Area in accordance with the provisions of the Act, as amended, <br />and with the regulations promulgated thereunder, upon the issuance of a <br />written finding by the Department that all portions of the Project Area have <br />been decommissioned, decontaminated and reclaimed as provided for in the <br />License, then this obligation shall be exonerated and discharged and become <br />null and void; otherwise it shall remain in full force and effect. <br />-37- <br />