Laserfiche WebLink
ADDITIONAL PROVISIONS <br />(1) This bond shall become effective upon the issuanc~a of the <br />License and shall remain in force and effect unttl released in writing by the <br />Department in accordance with the terms of this agreement or cancelled <br />pursuant to the terms of paragraph 2 below. <br />(2) Surety reserves the right to cancel this bond effective <br />only upon an anniversary date, and only by giving ninety (90) days' ~~rior <br />written notice of cancellation to both the Principal and the Department. In <br />the event of such cancellation, this bond shall remain in full force and <br />effect as it pertains to the decommissioning and reclamation of portions of <br />the Project Area disturbed prior to the effective date of such cancellation <br />unless the Principal shall file a substitute bond which (i) assumes ].Lability <br />for all decommissioning and reclamation obligations which shall have arisen at <br />any time while this bond is in force and (ii) is accepted in writing by the <br />Department. <br />(3) The amount of this bond is based upon estimates a<.: to the <br />cost of decommissioning and reclamation of the Project Area and does not <br />operate as a limit upon or otherwise restrict the obligations of the Principal <br />to comply in all respects with the License and with applicable laws a.nd <br />regulations governing decommissioning, decontamination and reclamation, even <br />though the actual cost thereof may substantially exceed the amount of this <br />bond. <br />-38- <br />