; or (II) if the Secretary concerned determines an extension is appropriate, the date that is 120 days after the deadline described in subclause (I). (iii) Termination Subject to clause (iv), if a State has not taken satisfactory corrective action, as determined by the Secretary concerned, by the applicable date described in clause (ii), the Secretary concerned shall terminate the applicable allotment management plan. (iv) Effect of bond and insurance The Secretary concerned may not terminate an applicable allotment management plan covered by a cooperative agreement under this subparagraph if the State or the holder of a grazing permit or lease covered by the cooperative agreement has posted a bond or purchased insurance that, in the determination of the Secretary concerned, is sufficient to cover the cost of any potential harm to the applicable land that is caused by the State or the holder, as applicable. (B) Termination of allotment management plan by the State (i) In general Subject to clause (ii), a State may terminate an applicable allotment management plan covered by a cooperative agreement entered into under this subsection at any time. (ii) Notice required A State shall provide to the Secretary concerned notice of any termination of an applicable allotment management plan covered by a cooperative agreement under clause (i) not less than 90 days before the date on which that termination shall take effect. (C) Revocation of consent by the permittee (i) In general The holder of a grazing permit or lease that has consented to management by the State of the permit or lease under subclause (I) or (II) of paragraph (2)(B)(i) may revoke that consent at any time. (ii) Termination On revocation of consent to management by the State of the permit or lease under clause (i), the applicable allotment management plan shall be terminated. (D) Effect of termination or revocation On termination of an applicable allotment management plan covered by a cooperative agreement under subparagraph (A), (B), or (C)— (i) management