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7 <br /> <br /> 9 <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 />47 <br /> <br />49 <br /> <br /> (j) the Authority and the Trustee shall have received <br />an opinion of the insurance consultant-broker of record to <br />the Authority and the underwriting committee of the <br />Authority to the effect that providing Coverage to such new <br />Participant will not constitute a hazardous or unacceptable <br />loss exposure to the Authority. <br /> <br /> The amendments to this Agreement and the Indenture <br />permitting such a new Participant to become a Participant shall <br />not reduce or diminish the Basic Premium or Supplemental Basic <br />Premium obligations of the existing Participants. Any new <br />Participant will be obligated to pay a mutually agreeable <br />portion of the total Administrative Premium and Pure Premium <br />payable on each Basic Premium Payment Date and will be assessed <br />Pure Premium Adjustments as provided in this Agreement, as <br />amended. Any such new Participant may be obligated to pay <br />amounts equivalent to Basic Premium or Supplemental Basic <br />Premium, or may be assessed an annual surcharge or fee or be <br />required to make a deposit into the Claims Payment Fund by the <br />Authority to participate in the self-insurance program. The <br />amendment to this Agreement may set forth a method by which the <br />new Participant shall be deemed to have paid Basic Premium for <br />purposes of determining amounts to be allocated or distributed <br />to it pursuan~ to Article V hereof. <br /> <br /> Subject to the provisions of the Indenture, the Authority <br />may issue additional insurance program bonds on behalf of a new <br />Participant or Participants to finance a required deposit to <br />the Claims Payment Fund by such a new Participant or <br />Participants. To the extent permitted in the Indenture, such <br />additional insurance program bonds could be secured by Premium <br />paid by such new Participant or Participants and by amounts in <br />the Claims Payment Fund deemed to be derived from such Premium <br />payments and from the proceeds of such additional insurance <br />program bonds, but could not be secured by Premium paid by the <br />initial Participants under this Agreement or by amounts in the <br />Claims Payment Fund deemed to be derived from Premium payments <br />of the initial Participants or from the proceeds of the Bonds <br />issued on behalf of the Initial Participants. Notwithstanding <br />any provision of this Agreement to the contrary, this Agreement <br />may be amended to accomplish and reflect the issuance of such <br />additional insurance program bonds by the Authority. Such <br />amendments may include, but shall not be limited to, amendment <br />to references in this Agreement to the Indenture, the Bonds and <br />funds created under the Indenture to include, or refer to, as <br />appropriate, the indenture pursuant to which the additional <br />program bonds are issued, the additional program bonds and <br />funds created under such indenture. <br /> <br />2658002/2 <br /> <br />32 <br /> <br /> <br />