Laserfiche WebLink
draft, or drafts, accompanied by the written statement of the Director certifying that the amount drawn <br />will be held as a cash deposit in lieu of financial warranty, as provided in applicable Colorado statutes <br />governing mined land and reclamation. <br />The original signed letter of credit and any amendments will be presented to the Bank by the beneficiary <br />along with any draft presented pursuant to this letter of credit, and will be surrendered to the Bank with <br />any draft which draws the full amount, or the balance remaining available, under this letter of credit. <br />This Letter of Credit is subject to Uniform Customers and Practice for Documentary Credits (1993 <br />Revision), International Chamber of Commerce - Publication 500 (the "UCP500") and shall be governed <br />by the laws of the State of Colorado. In the event of any conflict between the laws of the State of <br />Colorado and the UCP 500, the laws of the State of Colorado will control. <br />If any expiration date specified herein shall fall upon a day other than a regular business day of the Bank, <br />the expiration date shall ipso facto be extended to the close of business on the next successive business <br />day of the Bank. <br />Americ n tional B <br />By: <br />Aut] ized signature