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BICEP 2-1988
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BICEP 2-1988
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Last modified
1/3/2012 3:17:55 PM
Creation date
1/12/2004 3:43:46 PM
Metadata
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Template:
Contracts
Company Name
Big Independent Cities Excess Pool Joint Powers Authority
Contract #
A-1988-090B
Agency
Personnel Services
Council Approval Date
9/19/1988
Insurance Exp Date
7/1/2016
Notes
Liability Risk Coverage Agreement; Amended by A-1988-090C and A-1988-090B-3
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1 ARTICLE VIII <br /> <br />3 <br /> <br />5 <br /> SECTION 8.1 <br />7 SECTION 8.2 <br /> <br />INDEMNIFICATION AND RELEASE OF AUTHORITY, <br />TRUSTEE AND PARTICIPANTS; DISCLAIMER <br /> <br />Release and Indemnification Covenants ...... 35 <br />Disclaimer ................................. 35 <br /> <br />9 <br /> <br />11 <br /> <br /> ARTICLE IX <br /> <br /> ASSIGNMENT AND AMENDMENT <br />13 <br /> SECTION 9.1 Assignment by the Authority ................ 35 <br />15 SECTION 9.2 No Assignment by the Participants .......... 36 <br />SECTION 9.3 Amendment .................................. 36 <br />17 <br /> <br />19 ARTICLE X <br /> <br />21 <br /> <br />EVENTS OF DEFAULT AND REMEDIES <br /> <br />23 SECTION 10.1 <br />SECTION 10.2 <br />25 SECTION 10.3 <br /> SECTION 10.4 <br />27 <br /> SECTION 10.5 <br />29 <br /> SECTION 10.6 <br />31 <br /> <br />Events of Default ......................... 38 <br />Remedies on Default ....................... 39 <br />No Remedy Exclusive ....................... 40 <br />Agreement to Pay Attorneys' Fees and <br />Expenses ................................ 40 <br />No Additional Waiver Implied by <br />One Waiver .............................. 40 <br />Trustee and Owners to Exercise Rights ..... 40 <br /> <br />33 <br /> <br />ARTICLE XI <br /> <br />35 <br /> <br />37 <br /> <br />39 <br /> <br />41 <br /> <br />43 <br /> <br />45 <br /> <br />SECURITY FOR OR PREPAYMENT OF BASIC PREMIUM; <br /> TERMINATION PREMIUM <br /> <br />SECTION 11.1 <br />SECTION 11.2 <br /> <br />SECTION 11.3 <br />SECTION 11.4 <br />SECTION 11.5 <br /> <br />Deposit of Security for Basic Premium <br />by a Participant ......................... 41 <br />Deposit of Security for Basic Premium or <br />Optional Prepayment by All Participants .. 42 <br />Optional Redemption of Bonds. .............. 43 <br />Termination Premium ........................ 43 <br />Continuing Premium Obligations ............. 44 <br /> <br />Pag9 <br /> <br />2658002/2 <br /> <br />iii <br /> <br /> <br />
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