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! <br /> <br /> 3 <br /> <br /> 7 <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 />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 />49 <br /> <br />51 <br /> <br /> (a) such new Participant shall be a municipal <br />corporation in the State, or a joint powers authority <br />comprised of such municipal corporations, and a member <br />the Authority; <br /> <br />of <br /> <br /> (b) not later than the January 1 next preceding the <br />first Coverage Period for which the Authority provides <br />Coverage to such Participant, such new ParTicipant shall <br />have submitted a completed application for admission to the <br />Authority; <br /> <br /> (c) not later than the February 15 next preceding the <br />first Coverage Period for which the Authority provides <br />Coverage to such Participant, such new Participant shall <br />have duly approved an amendment to this Agreement pursuant <br />to which it shall become subject to all of the terms of <br />this Agreement as a Participant; <br /> <br /> (d) Coverage of such new Participant shall be <br />effective on the first day of the Coverage Period next <br />succeeding the date of execution of the amendments referred <br />to in paragraph (c) above; <br /> <br /> (e) not later than the March 1 next preceding the <br />first Coverage Period for which the Participant provides <br />Coverage to such Participant, the Authority's Governing <br />Board shall have approved admission of such Participant; <br /> <br /> (f) the Authority's Governing Board by at least <br />two-thirds' vote shall have consented to the amendment to <br />the Indenture and this Agreement permitting such new <br />Participant to become a Participant; provided that, prior <br />to July 1, 1991, such consent must be unanimous; <br /> <br /> (g) the Authority and the Trustee shall have received <br />a report of an independent financial consultant that <br />providing such Coverage to such new Participant will not <br />adversely affect the credit or financial position of the <br />pooled self-insurance program due to the financial position <br />or credit standing of such new Participant; <br /> <br /> (h) the Authority and the Trustee shall have received <br />an opinion of Bond Counsel that the amendments referred to <br />in paragraph (c) above are valid and binding against all of <br />the parties thereto and will not adversely affect the <br />tax-exempt status of interest paid on the Bonds; <br /> <br /> (i) the Authority and the Trustee shall have received <br />a certificate from an Actuary that such admission of such <br />new Participant will not adversely affect the actuarial <br />soundness of the pooled self-insurance program; and <br /> <br /> 31 <br />2658002/2 <br /> <br /> <br />