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1 Premium Adjustments and Special Pure Premium Adjustments and <br /> certain investment earnings on amounts with respect to such <br />3 Coverage Period; <br /> <br />5 <br /> <br />7 <br /> <br />9 <br /> <br /> (ii) the total Pure Premium Adjustment determined with <br />respect to any Participant in any Coverage Period shall be <br />equal to the sum of all Pure Premium Adjustments determined <br />with respect to Coverage Periods in which such Participant <br />participated in Coverage; <br /> <br /> 11 <br /> <br />13 <br /> <br /> 15 <br /> <br /> 17 <br /> <br />19 <br /> <br />21 <br /> <br />23 <br /> <br />25 <br /> <br />27 <br /> <br /> (iii) the Pure Premium Adjustment determined with <br />respect to any Participant with respect to any Coverage <br />Period shall be based upon such Participant's Pure Premium <br />Proportion applicable for such prior Coverage Period; <br />investment earnings cn the Claims Payment Fund (not <br />transferred to the Basic Premium Payment Fund pursuant to <br />Section 3.03 of the Indenture) shall be allocated according <br />to the ratio of Pure Premium paid by such Participant in <br />all Coverage Periods to Pure Premium paid by all <br />Participants in all Coverage Periods; <br /> <br /> (iv) notwithstanding subparagraph (iii) above, with <br />respect to any Coverage Period with respect to which <br />Special Pure Premium Adjustments may be assessed pursuant <br />to Section 4.6 hereof, Pure Premium Adjustments shall be <br />based on the Adjustment ProporTions set forth in Exhibit D <br />hereto instead of Pure Premium Proportions; <br /> <br />29 <br /> <br />31 <br /> <br />33 <br /> <br />35 <br /> <br />37 <br /> <br />39 <br /> <br />41 <br /> <br />43 <br /> <br />45 <br /> <br /> (v) Pure Premium Adjustment refunds in any Coverage <br />Period will not in the aggregate exceed 50 percent of the <br />Pure Premium paid and Pure Premium Adjustment assessments <br />scheduled to be paid in such Coverage Period; for such <br />purpose the Pure Premium of a Participant which has <br />withdrawn pursuant to Section 6.2 hereof or has been <br />expelled pursuant to Section 6.3 hereof shall be deemed to <br />be the Pure Premium last paid by such Participant; and <br /> <br /> (vi) Pure Premium Adjustment refunds with respect to <br />any Coverage Period shall not be made until after the <br />second Coverage Period following such Coverage Period. <br /> <br /> Any conflict between this description and Schedule B <br />hereto shall be resolved by following the formula set forth <br />in Schedule B. <br /> <br /> (c) Time of Payment. The Authority shall give prompt <br />47 written notice to the Trustee and each Participant of the <br /> determination of Pure Premium Adjustments. Pure Premium <br />49 Adjustments shall be paid or refunded no later than the <br /> August 1 next following their date of determination. Pure <br /> <br /> 26 <br />2658002/2 <br /> <br /> <br />