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1 <br /> <br /> 3 <br /> <br /> 5 <br /> <br /> 7 <br /> <br /> 9 <br /> <br />11 <br /> <br />13 <br /> <br />withdrawn Participant within the scope of Coverage prior to <br />withdrawal as provided herein and in the Indenture, unless the <br />Participant defaults in the payment of its continuing <br />obligations described in the preceding sentence, Notice to <br />withdraw shall be revocable by the Participant only with the <br />consent of the Authority. <br /> <br /> SECTION 6.3 Conditions to Permittinq Expulsion of a <br />Participant from Coveraqe. The Authority may expel a <br />Participant from Coverage subject to the following conditions: <br /> <br /> (a) such Participant shall be in default under this <br />Agreement; <br /> <br />15 <br /> <br />17 <br /> <br />19 <br /> <br />21 <br /> <br />23 <br /> <br />25 <br /> <br />27 <br /> <br /> (b) not later than sixty (60) days next preceding the <br />effective date of such expulsion, the Authority's Governing <br />Board, by at least two-thirds vote, shall have approved <br />such expulsion by written notice filed with the Trustee and <br />written notice of such action shall have been given to the <br />Participant to be expelled; <br /> <br /> (c) an amount equal to Termination Premium for such <br />Participant shall have been deposited in a special account <br />by the Trustee at the direction of the Authority, as <br />provided in Section 5.2 hereof from Undesignated Reserves <br />in the Claims Payment Fund, the Debt Service Reserve Fund <br />or from voluntary premium payments by Participants; and <br /> <br />29 <br /> <br />31 <br /> <br />33 <br /> <br /> (d) such expulsion shall be effective sixty (60) days <br />after written notice shall have been given to the <br />Participant to be expelled; provided, however, that only <br />ten (10) days' written notice need be given to any <br />Participant in payment default. <br /> <br />35 In no event shall expulsion from Coverage release a <br /> Participant of its obligation to pay damages resulting from <br />37 default under the terms of this Agreement which is not remedied <br /> by payment of Termination Premium or from its obligation to pay <br />39 Pure Premium Adjustments with respect to Claims within the <br /> scope of Coverage prior to such expulsion. <br />41 <br /> <br />43 ARTICLE VII <br /> <br />45 ABATEMENT <br /> <br />47 SECTION 7.1 Abatement of Participation Premium in the <br /> Event of Failure to Pay Settlements. In the event that the <br />49 Authority fails, and such failure continues for a period of <br /> sixty (60) days, to pay a Settlement of a Participant pursuant <br /> <br /> 34 <br />2658002/2 <br /> <br /> <br />