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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 />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 />ARTICLE I <br /> <br />DEFINITIONS AND EXHIBITS <br /> <br /> SECTION 1.1 Definitions and Rules of Construction. Unless <br />the context otherwise requires, the capitalized terms used <br />herein shall, for all purposes of this Agreement, have the <br />meanings specified in the Trust Indenture, dated as of the date <br />hereof (the "Indenture"), by and between <br /> as Trustee thereunder, and <br />the Authority, together with any amendments thereof or <br />supplements thereto permitted to be made thereunder; and the <br />additional terms defined in this Section shall, for all <br />purposes of this Agreement, have the meanings herein <br />specified. Unless the context otherwise indicates, words <br />importing the singular number shall include the plural number <br />and vice versa. The terms "hereby", "hereof", "hereto", <br />"herein", "hereunder" and any similar terms, as used in this <br />Agreement, refer to this Agreement as a whole, <br /> <br /> "Actuary" means a firm with at least one employee who is <br />both a Fellow of the Casualty Actuarial Society and a Member of <br />the American Academy of Actuaries, which firm is appointed by <br />the Authority with the approval of at least a majority of the <br />Authority's Governing Board. <br /> <br /> "Adjustment Proportion" means, with respect to the Coverage <br />Periods ending on June 30, 1989, 1990 and 1991, in the event <br />that Special Pure Premium Adjustments are assessable against <br />any Participant with respect to any such Coverage Period <br />because the Pure Premium payable by such Participant is capped <br />at $1,250,000, the proportion used to determine Pure Premium <br />Adjustments with respect to such Coverage Period. <br /> <br /> "Administrative Premium" means, with respect to each <br />Participant, such Participant's Pure Premium Proportion of all <br />administrative costs of the Authority relating to the Coverage <br />or the Bonds, as further set forth in Section 4.4(d) hereof. <br /> <br /> "Allocable Proportion" means the percentages set forth in <br />Exhibit B of this Agreement. <br /> <br /> "Authority" means the Big Independent Cities Excess Pool <br />Joint Powers Authority, a joint exercise of powers authority <br />duly organized and existing under the Constitution and the laws <br />of the State. <br /> <br /> "Basic Premium" means, with respect to each Participant, <br />the payments set forth in Exhibit A hereto which correspond to <br />such Participant's Allocable Proportion of principal of <br /> <br /> 5 <br />2658002/2 <br /> <br /> <br />