HomeMy WebLinkAboutBICEP 2A-1988EXECUTI(~N COPY
FIRST AMENDMENT TO LIABILITY RISK COVERAGE AGREEMENT
Dated as of December 1, 1988
among the
BIG INDEPENDENT CITIES EXCESS POOL JOINT POWERS AUTHORITY
and the
CITY OF HUNTINGTON BEACH, CITY OF OXNARD, CITY OF POMONA,
CITY OF SAN BERNARDINO AND CITY OF SANTA ANA, CALIFORNIA
FIRST AMENDMENT TO
LIABILITY RISK COVERAGE AGREEMENT
THIS FIRST AMENDMENT TO LIABILITY RISK COVERAGE AGREEMENT,
dated as of December 1, 1988, by and among the BIG INDEPENDENT
CITIES EXCESS POOL JOINT POWERS AUTHORITY, a joint exercise of
powers agency duly organized and existing under the laws of the
State of California, including, without limitation, Section
6500 et se~. of the Government Code of the State of California,
(the "Authority"), and the CITY OF HUNTINGTON BEACH, CITY OF
OXNARD, CITY OF POMONA, CITY OF SAN BERNARDINO AND CITY OF
SANTA ANA, each a municipal corporation duly organized and
existing under the Constitution and laws of the State of
California (the "State"), (each a "Participant" and,
collectively, the "Participants") and, in the case of
Huntington Beach, Pomona, San Bernardino and Santa Ana, the
respective charters of such cities;
WHEREAS, the Authority and the Participants have entered
into a Liability Risk Coverage Agreement dated as of October 1,
1988 (the "Agreement") whereby the Authority has agreed to
provide certain levels of liability insurance coverage (the
"Coverage") to each Participants and each Participant has
agreed to pay a Participation Premium (as defined in the
Agreement) for the Coverage to the Participants; and
WHEREAS, the Agreement was effective, and the risk sharing
liability coverage program implemented thereby commenced, on
October 1, 1988 in contemplation of the issuance of Insurance
Program Revenue Bonds, Series 1988A (the "Series 1988A Bonds")
by the Authority on or about January 1989;
WHEREAS, the Authority and
the Agreement to set forth the
the Series 1988A Bonds;
the Participants wish to amend
specific terms required to issue
NOW THEREFORE, in consideration of the above premises and
of the mutual covenants hereinafter contained and for other
good and valuable consideration, the partie~ hereto agree as
follows:
Section 1. Amendment of Exhibits. The Agreement is hereby
amended by adding the provisions of Exhibit A and Exhibit B to
this Amendment in substitution for the Exhibit A and Exhibit B
contained in the Agreement.
~?~t~k~_~. R~presentation as to Due Organization and
Existence Under Charter. The Agreement is hereby amended b~
deleting the word "Oxnard" from Section 2.1(b) of the Agreement.
Section 3. DePosit of Moneys. The Agreement is hereby
amended to substitute the sentence set forth below in full for
the first sentence of Section 3.1 of the Agreement:
SECTION 3.1. DePosit of MoneYs. On the Closing Date,
the Authority agrees to direct the Trustee to deposit the
proceeds of the Bonds as follows: (1) an amount equal to
$12,000,000.00 shall be deposited in the Claims Payment
Fund, (2) an amount equal to $426,994.25 shall be deposited
in the Costs of Issuance Fund, (3) an amount equal to
$1,505,500.00 shall be deposited in the Debt Service
Reserve Fund and (4) an amount equal to $906,343.13 shall
be deposited in the Principal and Interest Fund.
Section 4. Term of Aareement. This Agreement is hereby
amended to substitute the paragraph set forth below in full for
the first paragraph of Section 4.1 of the Agreement:
The Term of this Agreement shall commence on the date
of its execution and shall, subject to the following
paragraph, end on June 30, 2009, unless the Indenture shall
not have been discharged by its terms by such date, in
which case the term of this agreement shall be extended
until the Indenture shall be discharged by its term, unless
terminated prior thereto in accordance with the following
paragraph.
The Agreement is hereby amended to substitute the clause
set forth below in full for Section 4.1(a) of the Agreement:
(a) upon termination of this Agreement by the payment
by such Participant of all of its Basic Premium payments
specified in Exhibit A hereto, its Supplemental Basic
Premium, Administrative Premium and of all Pure Premium
required to be paid by such Participant pursuant to
Section 4.4 hereof;
Section 5. Budaet and Appropriation of Premium Payments.
The Agreement is hereby amended to substitute the sentence set
forth below in full for the first sentence of Section 4.2 of
the Agreement.
The Authority covenants to calculate and mail notice, no
later than April 15 of each year, to each Participant of
the amount of Total Premium to be payable by such
Participant on the following Basic Premium Payment Date
2
during the Term of this Agreement (based on an estimate of
investment earnings to be credited to the Basic Premium
Payment Fund pursuant to Sections 3.03 and 6.03 of the
Indenture on the following June 1).
Section 6. Supplemental Basic Premium. The Agreement is
hereby amended to substitute the sentence set forth below in
full for Section 4.4(c)(2) of the Agreement.
(2) Credits. Notwithstanding the preceding sentence,
no Participant shall be obligated to pay Supplemental Basic
Premium in excess of its Allocable Proportion of the amount
by which the amount held in the Debt Service Reserve Fund
is less than the Reserve Requirement on the June 1
immediately preceding the Basic Premium Payment Date.
Section 7. Pure Premium Adiustments. The Agreement is
hereby amended to delete the term "Basic Premium Payment Fund"
and substituting therefor the phrase "Principal and Interest
Fund" in Section 4.5(b)(iii) of the Agreement.
Section ~. The Agreement is hereby amended to substitute
the caption set forth below for the caption of Section 4.5(e)
of the Agreement:
"Obliaations After Withdrawal or Expulsion"
Section 9. Receipt of a Participant's Share of Debt
Service Reserve Fund Upon Prepayment. The Agreement is hereby
amended to substitute the following sentence in full for the
first sentence of Section 5.3 of the Agreement:
Upon any deposit of security or any prepayment by any
Participant pursuant to Sections 11.1 or 11.3 of this
Agreement, such Participant shall receive its Allocable
Proportion of amounts on deposit in the Debt Service
Reserve Fund as adjusted pursuant to Section 5.1 hereof.
Section 10. Conditions to Providing Coverage to a New
Participant. The Agreement is hereby amended to substitute the
sentence set forth below for the last sentence of the second
paragraph of Section 6.1 of the Agreement:
The amendment to this Agreement may set forth a method
by which the new Participant shall be deemed to have an
Allocable Proportion for purposes of determining amounts to
be allocated or distributed to it pursuant to Article V
hereof.
3
The Agreement is further amended to substitute the clau~e
set forth below in full for Section 6.1(a) of the Agreement:
(a) such new Participant shall be a municipal
corporation in the State having a population of at least
100,000, or a joint powers authority comprised of such
municipal corporations, and a member of the Authority;
Section 11. Optional Redemption of Bonds. The Agreement
is hereby amended to add the table set forth below to the end
of Section 11.3 of the Agreement:
Prepayment Date
Prepayment Price
March 1, 1996 and September 1, 1996
March 1, 1997 and September 1, 1997
March 1, 1998 and September 1, 1998
March 1, 1999 and thereafter
103%
102
101
100
Section 12. Incorporation 0.f Terms of AGreement. By
execution of this Amendment, the parties hereto signify their
acceptance in full of the mutual terms and conditions contained
in the Agreement, as amended by the terms hereof.
Section 13. Execution in Counterparts. This Amendment may
be executed in several counterparts, each of which shall be an
original and all of which shall constitute but one and the same
instrument.
Section 14. Severabilitv. In the event any provision of
this Amendment shall be held invalid or unenforceable by any
court of competent jurisdiction, such holding shall not
invalidate or render unenforceable any other provision hereof.
Section 12. ApPlicable Law. This Amendment shall be
governed by and construed in accordance with the laws of the
State of California.
i~9_CZ~D_D__!~. Captions. The captions or headings in this
Amendment are for convenience only and in no way define, limit
or describe the scope or intent of any provisions or Sections
of this Amendment.
4
IN WITNESS WHEREOF and of the unanimous approval by the
Governing Board of the Authority of the foregoing, the
Authority has caused this Amendment to be executed in its name
by its duly authorized officers; and each Participant has
caused this Amendment to be executed in its name by its duly
authorized officers, as of the date first above written.
Effective Date: December 1, 1988
Attest:
Approved as to form:
BIG INDEPENDENT CITIES EXCESS
POOL JOINT POWERS AUTHORITY
CITY OF HUNTINGTON BEACH
By: By
Approved as to form:
CITY OF OXNARD
By: By
Approved as to form:
CITY OF POMONA
By: By
Approved as to form:
CITY OF SAN BERNARDINO
By: By
Approved as to form:
CITY OF
S%NTA ANA
:utive Director
City I lana er
IN WITNESS WHEREOF and of the unanimous approval by the
Governing Board of the Authority of the foregoing, the
Authority has caused this Amendment to be executed in its ~ame
by its duly authorized officers; and each Participant has
caused this Amendment to be executed in its name by its duly
authorized officers, as of the date first above written.
Effective Date: December 1, 1988
Attest:
BIG INDEPENDENT CITIES EXCESS
POOL JOINT POWERS AUTHORITY
Approved as to form:
Approved as to form:
By
--
CiTY OF OXNARD
By:
Approved as to form:
By
CITY OF POMONA
By:
By
Approved as to form:
CITY OF SAN BERNARDINO
By:
By
Approved as to form:
By:
CITY OF SANTA ANA
By
5
IN WITNESS WHEREOF and of the unanimous approval by the
Governing Board of the Authority of the foregoing, the
Authority has caused this Amendment to be executed in its name
by its duly authorized officers; and each Participant has
caused this Amendment to be executed in its name by its duly
authorized officers, as of the date first above written.
Effective Date: December 1, 1988
Attest:
BIG INDEPENDENT CITIES EXCESS
POOL JOINT POWERS AUTHORITY
By
Approved as to form:
CITY OF HUNTINGTON BEACH
By: By
Approved a.~ to form:
CITY OF OXNARD
CITY OF POMONA
By:
Approved as to form:
By
CITY OF SAN BERNARDINO
By:
By
Approved as to form:
CITY OF SA~NTA ANA
By:
By
5
IN WITNESS WHEREOF and of the unanimous approval by the
Governing Board of the Authority of the foregoing, the '
Authority has caused this Amendment to be executed in its name
by its duly authorized officers; and each Participant has
caused this Amendment to be executed in its name by its duly
authorized officers, as of the date first above written.
Effective Date: December 1, 1988
Attest:
BIG INDEPENDENT CITIES EXCESS
POOL JOINT POWERS AUTHORITY
By
Approved as to form:
CITY OF HUNTINGTON BEACH
By: By
Approved as to form:
CITY OF OXNARD
By: By
ApproFgd @s to form:
Approved as to form:
CITY OF POMONA
CITY OF SAN BERNARDINO
By:
By
Approved as to form:
CITY OF SANTA ANA
By:
By
IN WITNESS WHEREOF and of the unanimous approval by the
Governing Board of the Authority of the foregoing, the ·
Authority has caused this Amendment to be executed in its name
by its duly authorized officers; and each Participant has
caused this Amendment to be executed in its name by its duly
authorized officers, as of the date first above written.
Effective Date: December 1, 1988
Attest:
BIG INDEPENDENT CITIES EXCESS
POOL JOINT POWERS AUTHORITY
Approved as to form:
CITY OF HUNTINGTON BEACH
By: By
Approved as to form:
CITY OF OXNARD
By: By
Approved as to form:
CITY OF POMONA
By: By
Approved as to form:
Approved as to form:
CITY ~ SAN BERNARDINO
CITY OF SANTA ANA
By: By
5
PROPORTION:
100.00~
B]C£P CITY: ALL
EXHIBIT A
DUE DATE PRINCIPAL INTEREST FISCAL TOTAL
01-Aug-89 (1) 90,000.00 1,510,571.88 (1) 1,600,571.88 (1)
01-AUg-90 360,000.00 1,202,607.50 1,562,607.50
01-Aug-91 390,000.00 1,178,307.50 1,568,307.50
01-Aug-92 425,000.00 1,151,007.50 1,576,007.50
01-Aug-9] &50,O00.O0 1,120,407.50 1,570,407.50
01'Aug'94 485,000.00 1,087,107.50 1,572,107.50
01-Aug-95 520,000.00 1,050,247.50 1,570,247.50
01-Aug-96 560,000.00 1,010,207.50 1,570,207.50
01'Aug-97 620,000.00 966,527.50 1,58~,527.50
01'Aug'98 670,000,00 917,547.50 1,587,547.50
01'Aug'99 710,000.00 863,947,50 1,573,947.50
01-Aug-2000 775,000.00 806,437.50 1,581,437.50
01-Aug-2001 840,000.00 742,500.00 1,582,500.00
01-Aug-Z002 905,000.00 673,200.00 1,578,200.00
01-Aug-2003 980,000.00 598,537.50 1,578,537.50
01-Aug-Z004 1,065,000.00 517,687.50 1,582,687.50
01-Aug-2005 1,150,000.00 429,825.00 1,579,825.00
01-Aug-2006 1,245,000.00 334,950.00 1,579,950.00
01-Aug-2007 1,350,000.00 232,237.50 1,582,237.50
01-Aug.2008 1,465,000.00 120,862.50 10585,862.50
15,055,000.00 16,514,724.38 31,569,724.38
(1) The fottowing emount represents the port,on of the 8/1/89 payment which has been funded
from Bond proceeds: $906,343.13
BICEP CITY: BEACH
PROPORTION:
21.43~
DUE DATE PRINCIPAL INTEREST FISCAL TOTAL
01-Aug-89 (1) 19,287.00 323,715.55 (1) 343,002.55 (1)
01'Aug'90 77,148.00 257~718.79 334,866.79
01-Aug-91 8~577.00 252,511.30 336,088.30
01oAug-92 91,077.50 246,660.91 337,738.41
01-Aug-93 96,&35.00 240,103.33 336,538.33
01-Aug-94 103,935.50 232~967.14 336,902.6~
01-Aug-95 111~436.00 225,068.0~ 336,504.04
01-Aug-96 120,008.00 216,487.47 336,495.47
01.Aug-9? 132,866.00 207,126.84 339,992.8~.
01°Aug'98 143~581.00 196,630.43 340,211.43
01oAug-99 152,153.00 185,143.95 337,296.95
01-Aug-2000 166,082.50 172,819.56 338,902.06
01-Aug-2001 180,012.00 159~117.75 339,129.75
01-Aug-2002 193,941.50 144,266.76 338,208.26
01-AUg-2003 210,014.00 128,266.59 338,280.59
01-Aug-200~ 228,229.50 110~940.43 339,169.93
01-AUg'2005 246°445.00 92~111.50 338,556.50
01-Aug'2006 266,803.50 71,779.79 338,583.29
01-Aug'200? 289,305.00 49,768.50 339,023.50
01-Aug-2008 313,949.50 25,900.83 339,850.33
3,226,286.50 3,539,105.43 6,765,391.93
(1) The foLLowing amount represents the portion of the 8/1/89 payment uhich has been funded
from Bond proceeds= $194,229.33
PROPORTI~:
1~.62~
SICEP CITY:
DUE DATE PRINCIPAL INTEREST FISCAL TOTAL
01-Aug-89 (I) 14,058.00 235,951.33 (1) 250,009.33 (1)
01 -Aug-90 56,232.00 18'?', 8~. 29 244,079.29
01-Aug-91 60~,918.00 18~,051.63 2~4,969.63
01-Aug-92 ~,385.00 I~,787.37 246,172.37
01-Aug-93 70,290.00 1~,007.65 245,297.65
01-Aug-9~ ~,~7.00 169,8~.19 2~5,563.19
01 'Aug'95 81,224.00 1~,0~8.~ 2~5,272.~
01-Aug-96 87,4~.00 157,794.41 245,2~.41
01-Aug-g7 96,~4.00 150,971.60 247,815.~
01-A~-98 104,654.00 143,320.92 247,974.92
01-Aug-~ 110,902.00 134,948.60 245,850.60
01-A~-2000 121~055.00 125,965.54 247,020.54
01-A~-2001 131,208.00 115~97B.50 247, t~.50
01-A~-2002 141~361.00 105,153.~ 246,514.~
01 -Aug-2003 153,0~6.00 93,491.56 ~46~567.56
01-Aug-20~ 1~,353.00 80,~2.~ 24~,215.~
01 - Aug - 2005 1 ~, 630. O0 67~ 138.67 246, 7~. 67
01-Aug-2006 194~69.00 52~319.19 246,7~.19
01-Aug-200? 210,870.00 36,2~.~0 247,145.50
01-Aug-2008 228,833.00 18,878.72 247,711.72
2,351,591.00 2,579,599.95 4,931,190.95
(1) The foLLowing amount represents the portion of the 8/1/89 payment which has been funded
from Bond proceeds: $141,570.80
PROPORTIO#:
BICEP CITY=
DUE DATE PRINCIPAL INTEREST FISCAL TOTAL
01-Aug-89 (1) 12,231.00 205,286.73 (1) 217,517.73 (1)
01-Aug'90 ~.8,924.00 163,&34.36 212,358.36
01-Aug-91 53,001.00 160,131.99 213,132.99
01-Aug-92 57,757.50 156,/,21.92 214,179.(`2
01 -Aug'93 61,155.00 152,263.38 213,618.38
01'Aug'94 65,911.50 167,737.91 213,6(`9.41
01 -Aug-95 70,668.00 1~,2,728.6~. 213,396.66
01-Aug-96 76,106.00 137787.20 213,3~1.20
01-Aug-97 8~,258.00 131,351.09 215,609.09
01-Aug'98 91~053.00 124,694.71
01 -Aug-99 96, ~.89.00 117,(`10.47 213,899.(`7
01-Aug-2000 105,322.50 109,594.86 214,917.36
01-Aug-2001 114,156o00 100,905.75 215,061.75
01 -Aug'2002 122,989.50 91 ,~,87.88 21(,,677.38
01-Aug-2003 133,182,00 81,341.25 214,523.25
01 -Aug-2004 14~:,, 733,50 70,353.73 215,087.23
01-Aug-2005 156,285,00 58,613.22 21(`,698.22
01-Aug-2006 169,195.50 65,519.7'1 21(`,715.21
01-Aug-200? 183,665.00 31,561.08 215,026.08
01.Aug-2008 199,093.50 16,625.21 215,518.71
2,045,9?4.50 2~24(`,351.05 6,290,325.55
(1) The fotto~ing amount represents the portion of the 8/1/89 payment which has been funded
from Bond proceeds: $123~172.0(`
PROPORTION:
19.09~
SICEP CXTY: SAN
DUE DATE PRINCZPAL INTEREST FISCAL TOTAL
01-Aug-89 (1) 17,181.00 288,368.17 (1) 305,549.17 (1)
01'Aug'90 68,724.00 229,577'. 77 298,301.7'7
01 -Aug-91 74,451.00 224,938.90 299,389.90
01-Aug'92 81,132.50 219,727.33 300,859.83
01 - Aug - 93 85,905. O0 213,885.79 299,790.79
01 - Aug - 94 92,586.50 207,528.82 300,115.32
01 - Aug - 95 99,268.00 200,492.25 299,760.25
01-Aug-96 106o904.00 192,8~8.61 299,752.61
01-Aug-97 118,358o00 18~,510.10 302,868.10
01 - Aug - 98 127,903.00 175,159.82 303,062.82
01 -Aug-99 135,539.00 16~,927.58 300,466.58
01-Aug-2000 147,947.50 153,94§.92 301,896.42
01'Aug'2001 160,356.00 141,743.25 302,099.25
01'Aug'2002 172,76/*.50 128,513.88 301,278.38
01-Aug-2003 187,082.00 114,260.81 301,342.81
01-Augo200~, 203,308.50 98,826.54 302,135.04
01'Aug-2005 219,535.00 82,053.59 . . 301,5~8.59
01-Augo2006 237,670.50 63,941.96 301,612.45
01-Aug-200? 257,715.00 44,334.14 302,049.14
01-Aug-2008 279,668.50 23,072.65 302,741.15
2,8?3,999.50 3,152,660.88 6,026,660.38
(1) The fotto~Jng mnount represents the portion of the 8/1/89 payment uhich has been funded
from Bond proceeds: S173,020.90
PROPORTION:
30.2T'~
BICEP CITY:
DUE DATE PRINCIPAL INTEREST FISCAL TOTAL
01-Aug*89 (1) 27,243,00 457,250.11 (1) 48/%493.11 (1)
01 ' Aug ' 90 108,972, O0 364,029 · 29 475, O01 · 29
01'Aug'91 118,053,00 356,673.68 476,,726.68
01 'AUg'92 128,647.50 348,409.97 477,057.47
01-Aug-93 136,215.00 339,147.35 475,362.35
01 -Aug-94 146,809.50 329,067.~.4 475,876.94
01'Aug'95 157,404..00 317,909.92 475,313.92
01'Aug'96 169,512.00 305,789.81 475,301.81
01 ' Aug * 97 187,676,. O0 292,567.87 480,241.87
01*Aug,98 202,809.00 277,741.63 480,550.63
01 *Aug.99 214,917.00 261,516.91 476,433,91
01-Aug-2000 234,592.50 244,108.63 478,701,13
01 -Aug-2001 254,268.00 224~754.75 479,022,75
01-Aug-2002 273,943.50 203,777.64 477,721.14
01-Aug-2003 296,646.00 181,177.50 477~823.30
01-Aug-2006, 322,375.50 156,70~.01 6,79,079.51
01-Aug-2005 36,8,105.00 130,108.03 6,78,213.03
01-Aug-2006 376,861.50 101,389.37 478,250.87
01-Aug-2007 6,08,645.00 70,298.29 478,943.29
01-Aug-2008 6,6,3,6,55.50 36,585.08 480,040.58
4,557,148.50 4,999,007.07 9,556,155.57
(1) The following amount represents the portion of the 8/1/89 payment ~hich has been funded
from Bond proceeds: $274,350.06
EXHIBIT B
ALLOCABLE PROPORTION FOR EACH PARTICIPANT
CITY OF HUNTINGTON BEACH
CITY OF OXNARD
CITY OF POMONA
CITY OF SAN BERNARDINO
CITY OF SANTA ANA
21.43%
15.62
13.59
19.09
30.27
B-1
CERTIFICATE NO.
ISSUE DATE (MMIDDIYY)
----.- I
CPEIA-GL2-132 CERTIFICATE OF COVERAGE 07/19/05
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS
CSAC Excess UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND. EXTEND OR ALTER
THE COVERAGE AFFORDED BELOW.
Insurance Authority
CIO DRIVER ALLIANT INSURANCE SERVICES, INC.
P.O. BOX 6450 COVERAGE
NEWPORT BEACH, CA 92658-6450 AFFORDED BY A - CSAC Excess Insurance Authority
LICENSE #OC36B61
PHONE (949) 756-0271/ FAX (949) 756-2713 COVERAGE B
AFFORDED BY -
CPEIA MEMBER: A- i'lSi -0'10 COVERAGE
BIG INDEPENDENT CITIES EXCESS POOL (BICEP) AFFORDED BY C -
AND ITS MEMBERS CITY OF SANTA ANA
ATTN: ROSA FLORES COVERAGE 0
AFFORDED BY -
20 CIVIC CENTER PLAZA, M-28, BOX 1988
SANTA ANA, CA 92702-1988 COVERAGE E
AFFORDED BY -
Coverages
THIS IS TO CERT!FY THAT THE MEMORANDUMS OF COVERAGE LISTED BE~OW HAVE BEEN ISSUED TO THE MEMBER NAMED
ABOVE FOR THE PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR
OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAYBE ISSUED OR MAY PERTAIN. THE COVERAGE AFFORDED
BY THE MEMORANDUMS DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDITIONS OF SUCH
MEMORANDUMS.
CO TYPE OF COVERAGE MEMORANDUM COVERAGE EFFECTIVE COVERAGE EXPIRATION LIABILITY LIMITS
LTR NUMBER DATE (MM/DDIYY) DATE (MMIDDIYY)
~ Excess General Liability Member: Each Occurrence
A Excess Auto Liability CPEIA-03-GL2-17 07/01/05 07/01/16 Self-Insured
129 Excess Errors & Omissions Master: Retention $2.000,000
EIA-03-GL2-00
OTHER
Al
Description of Operations/LocationsNehicles/Speclalltems:
AS RESPECTS LICENSE AGREEMENT FOR USE OF PREMISES.
THE UNITED STATES OF AMERICA (DEPARTMENT OF THE NAVY) AND THE U. S. MARINE CORPS ARE ADDED AS ADDITIONAL
INSUREDS IN OPERATIONS OF THE POLICY HOLDER AT OR FORM THE PREMISES LICENSED FROM THE UNITED STATES.
APPROVU) i {) ~ e,
it/i.. '/ r //z_ - ...
-
, ..' ~,; ;~~Uation
Certificate Holder ~ 'tH'! \lll
,~c. ,. I SH91,J1.p ANY OF THE ABOVE DESCRIBED MEMORANDUMS BE CANCELLED BEFORE THE
i'<..\)I"l,-if1!( ; ~ "EXPIRATlC)N DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO MAIL 30 DAYS WRITIEN
COMMANDING GENERAL NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT. BUT FAILURE TO MAll SUCH NOTICE
, SHAll IMPOSE NO OBUGATION OR LIABILITY OF ANY KIND UPON THE COMPANY, ITS AGENTS OR
MARINE CORPS BASE REPRESENTATIVES
AUTHORIZED REPRESENTATIVE
CAMP PENDLETON, CA 92099 ~~-~-
C -=>
CSAC . EXCESS INSURANCE AUTHORITY
. .
ENDORSEMENT NO. U-1 Revised
CSAC EXCESS INSURANCE AUTHORITY
EXCESS LIABILITY
ADDITIONAL COVERED PARTY AMENDATORY ENDORSEMENT
It is agreed that the ''Covered Party, Covered Persons or Entities" section of the Memorandum is amended
to include the person or organization named on the certificate of coverage, but only with respect to liability
arising out of operations performed by or on behalf of the Member or such person or organization so
designated,
Coverage provided under this endorsement is limited to the lesser of the limits stated in Items 2A. and 28, of
the Declarations and the minimum limits required in the contract.
ADDITIONAL COVERED PARTY:
SEE CERTIFICATE ON FILE WITH THE AUTHORITY
AS RESPECTS:
SEE CERTIFICATE ON FILE WITH THE AUTHORITY
It is further agreed that nothing herein shall act to increase the Authority's limit of liability.
This endorsement is part of the Memorandum of Coverage and takes effect on the effective date of
the Memorandum of Coverage unless another effective date is shown below. All other terms and
conditions remain unchanged.
Effective Date:
Memorandum No.: EIA-03-GL2-00
Issued To:
ALL MEMBERS
Date:
Julv S. 2005
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