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, . -2- , <br /> WHEREAS, as part of the application for such Permit, Principal has <br /> agreed with the State and the United States of America to complete a specified- <br /> plan ("the Plan") for the reclamation, as required by law, of the area or <br /> areas of lands disturbed by reason of mining operations. Such Plan may be <br /> amended from time to time with the approval of the State, acting through the <br /> Department of Natural Resources, Mined Land Reclamation Division ("the <br /> Division") or Mined Land Reclamation Board ("the Board") and the United States <br /> of America, acting through the Department of the Interior, Office of Surface <br /> Mining Reclamation and Enforcement ("the OSMRE" ) . <br /> (The phrase "Board or Division" in this bond means that organ of State <br /> government which has the authority to act in the circumstances referred to <br /> under the Colorado Surface Coal Mining Reclamation Act (34-33-101 et sea. ) <br /> NOW, THEREFORE, the conditions of this obligation are such that, if the <br /> above-bonded Principal shall , in conducting such mining and reclamation <br /> operations, faithfully perform the requirements of the Plan, as amended from <br /> time to time, the conditions of the Permit, as amended from time to time, and <br /> all applicable provisions of law, including the regulations adopted pursuant <br /> to applicable statutes, and if the Board or the Division shall make a finding <br /> that the lands upon which such operations have been conducted have been <br /> satisfactorily reclaimed, and if the OSMRE concurs with this finding, and if <br /> the Board or the Division shall receive a request for a bond release on such <br /> lands or a request for partial release as to any portion thereof, then this <br /> obligation shall be exonerated and discharged and become null and void to the <br /> extent released in writing by the Board or the Division; otherwise to remain <br /> in full force and effect. <br /> ADDITIONAL PROVISIONS <br /> (1 ) The amount of this bond is based upon estimates as to the cost of <br /> reclamation, and does not operate as a limit upon or otherwise restrict the <br /> Principal 's obligations to complete the reclamation plan and to comply in all <br /> respects with the Permit and with applicable laws and regulations governing <br /> reclamation, even though the actual cost thereof may substantially exceed the <br /> amount of this bond. <br /> (2) This bond shall be reviewed by the Board or the Division from time <br /> to time, and with the knowledge of OSMRE, the Board or the Division may <br /> require an increase in the principal sum of this bond to cover increases in <br /> the costs of reclamation. <br />