BICEP 2-1988 - Laserfiche WebLink

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1 3 5 required to be paid by such Participant pursuant to Section 4.4 hereof; (b) withdrawal of such Participant from Coverage pursuant to Section 6.2 hereof; and (c) expulsion of such Participant from Coverage pursuant to Section 6.3 hereof; 7 9 ~rovided, however, that none of the foregoing shall extinguish 11 (i) the obligations of such Participant to pay Pure Premium Adjustments assessed with respect to Coverage Periods of such 13 Participant prior to such payment, withdrawal or expulsion or (ii) the right to receive the benefits of such Coverage with 15 respect to Coverage Periods of such Participant prior to such payment, withdrawal or expulsion, except as otherwise, provided 17 in this Agreement. 19 SECTION 4.2 Budqet and Appropriation of Premium Payments. The Authority covenants to calculate and mail notice, no later 21 than April 15 of each year, to each Participant of the amount of Total Premium to be payable by such Participant on the 23 following Basic Premium Payment Date during the Term of this Agreement (based on an estimate of investment earnings to be 25 credited to the Basic Premium Payment Fund pursuant to Sections 3.03 and 6.03 of the IndenTure on the following June 15). Each 27 ParTicipant covenants to take such action as may be necessary to include Total Premium payments payable hereunder in its 29 annual budget and to make the necessary annual appropriations for all such Total Premium payments. During the Term of this 31 Agreement, each Participant will furnish to the Authority and the Trustee prompt written evidence of such budget or 33 appropriation (which may be evidence of payment of such amounts) in each such Coverage Period no later than August 1. 35 The covenants on the part of each Participant herein contained shall be deemed to be and shall be construed to be duties 37 imposed by law and it shall be the duty of each and every public official of each Participant to take such action and do 39 such things as are required by law in the performance of the official duty of such officials to enable each Participant to 41 carry out and perform the covenants and agreements in this Agreement agreed to be carried out and performed by such 43 Participant. 45 SECTION 4.3 Obliqation to Pay Premiums. 47 (a) No Withholdinq. Subject to the provisions of ArTicle VII hereof, notwithstanding any dispute between the 49 Aushority and a Participant, including a dispute as to the scope or nature of Coverage provided by the Authority or the 20 2658002/2