:@0.120943:0.059250:0.125983:0.059250:0.125983:0.040522:0.120943:0.040522:0.005039
 :@0.236847:0.107182:0.243404:0.107182:0.243404:0.083936:0.236847:0.083936:0.006556
 :@0.236847:0.126277:0.243404:0.126277:0.243404:0.103030:0.236847:0.103030:0.006556
Long Term Agreement – Expiry Date: 31 March 2022 :@0.120943:0.145381:0.709245:0.145381:0.709245:0.122134:0.120943:0.122134:0.014315:0.014315:0.014315:0.014315:0.006627:0.014313:0.013089:0.009273:0.020964:0.006863:0.016528:0.014313:0.009273:0.013089:0.013103:0.020964:0.013089:0.014313:0.007860:0.006684:0.012900:0.006651:0.015723:0.013089:0.014313:0.006450:0.009474:0.012497:0.006651:0.016931:0.013103:0.008063:0.013103:0.007658:0.006651:0.013103:0.013089:0.006450:0.019756:0.013089:0.009273:0.013089:0.014110:0.006651:0.013103:0.013089:0.013103:0.012974:0.006556
 :@0.120943:0.159950:0.125594:0.159950:0.125594:0.143459:0.120943:0.143459:0.004651
Until the long term agreement expiry date shown above the :@0.120943:0.173034:0.579659:0.173034:0.579659:0.157288:0.120943:0.157288:0.012095:0.009269:0.004636:0.003830:0.003629:0.006249:0.004636:0.009474:0.009269:0.006249:0.003830:0.009269:0.009269:0.009474:0.006247:0.004638:0.009269:0.005643:0.014311:0.006249:0.009269:0.009269:0.005643:0.009269:0.009269:0.014111:0.009269:0.009269:0.004638:0.006247:0.009269:0.008467:0.009473:0.003629:0.005846:0.008062:0.006451:0.009269:0.009269:0.004837:0.009269:0.006249:0.008466:0.009269:0.009474:0.012093:0.009269:0.006247:0.009474:0.009269:0.009474:0.008265:0.009269:0.006249:0.004837:0.009269:0.009269:0.004651
public authority:@0.581333:0.173637:0.709149:0.173637:0.709149:0.157146:0.581333:0.157146:0.010281:0.010279:0.010281:0.004636:0.004838:0.009274:0.006241:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009302
 undertakes to offer to :@0.708920:0.173034:0.883673:0.173034:0.883673:0.157288:0.708920:0.157288:0.006458:0.009269:0.009474:0.009269:0.009269:0.005645:0.004636:0.009269:0.008666:0.009269:0.008466:0.006249:0.004636:0.009269:0.006249:0.009269:0.004838:0.004837:0.009269:0.005645:0.006249:0.004636:0.009269:0.004651
renew annually the insurance under this :@0.120943:0.186721:0.429114:0.186721:0.429114:0.170976:0.120943:0.170976:0.005643:0.009269:0.009269:0.009473:0.011894:0.006046:0.009269:0.009474:0.009269:0.009269:0.009474:0.003629:0.004030:0.008064:0.006046:0.004636:0.009474:0.009269:0.006046:0.003629:0.009269:0.008467:0.009269:0.005643:0.009474:0.009473:0.008467:0.009269:0.006046:0.009269:0.009269:0.009269:0.009269:0.005643:0.006048:0.004636:0.009474:0.003627:0.008466:0.004651
policy:@0.430558:0.187325:0.479162:0.187325:0.479162:0.170834:0.430558:0.170834:0.010281:0.010279:0.004634:0.004634:0.009473:0.009302
 on the terms and conditions in force at the expiry of :@0.478943:0.186721:0.883630:0.186721:0.883630:0.170976:0.478943:0.170976:0.006040:0.009269:0.009269:0.006048:0.004636:0.009473:0.009269:0.006046:0.004636:0.009269:0.005645:0.014111:0.008466:0.006046:0.009269:0.009269:0.009269:0.006046:0.008466:0.009269:0.009269:0.009269:0.003629:0.004837:0.003629:0.009269:0.009269:0.008466:0.006048:0.003830:0.009269:0.006046:0.004638:0.009269:0.005643:0.008466:0.009269:0.006046:0.009269:0.004636:0.006048:0.004636:0.009269:0.009269:0.006048:0.009269:0.008466:0.009269:0.003629:0.006046:0.007862:0.006249:0.009269:0.004838:0.004651
each :@0.120943:0.200267:0.161868:0.200267:0.161868:0.184521:0.120943:0.184521:0.009269:0.009269:0.008467:0.009269:0.004651
period of insurance:@0.161868:0.200870:0.317706:0.200870:0.317706:0.184379:0.161868:0.184379:0.010281:0.009473:0.006451:0.004636:0.010279:0.010281:0.004634:0.010281:0.005638:0.004634:0.004638:0.010279:0.009272:0.010281:0.006652:0.009272:0.010281:0.009272:0.009302
 provided it is understood that; :@0.317677:0.200267:0.547688:0.200267:0.547688:0.184521:0.317677:0.184521:0.004835:0.009269:0.005645:0.009269:0.008476:0.003629:0.009269:0.009474:0.009269:0.004634:0.003830:0.004636:0.004634:0.003629:0.008466:0.004634:0.009473:0.009269:0.009269:0.009269:0.005643:0.008467:0.004636:0.009473:0.009269:0.009269:0.004634:0.004837:0.009474:0.009269:0.004636:0.004877:0.004651
a)  the :@0.120943:0.221076:0.178816:0.221076:0.178816:0.205330:0.120943:0.205330:0.009269:0.005655:0.004651:0.010473:0.004636:0.009269:0.009269:0.004651
insurer:@0.179015:0.221679:0.235909:0.221679:0.235909:0.205188:0.179015:0.205188:0.004636:0.010281:0.009269:0.010279:0.006652:0.009269:0.006508
 is under no obligation to accept the offer to renew made in accordance with the above :@0.235865:0.221076:0.883566:0.221076:0.883566:0.205330:0.235865:0.205330:0.004835:0.003629:0.008466:0.004835:0.009269:0.009473:0.009269:0.009269:0.005645:0.004835:0.009269:0.009269:0.004835:0.009269:0.009473:0.003629:0.003830:0.009269:0.009269:0.004636:0.003831:0.009269:0.009269:0.004835:0.004638:0.009269:0.004835:0.009269:0.008467:0.008466:0.009269:0.009269:0.004636:0.004835:0.004837:0.009269:0.009269:0.004835:0.009269:0.004838:0.004837:0.009269:0.005643:0.004835:0.004636:0.009071:0.004835:0.005643:0.009269:0.009269:0.009473:0.011894:0.004835:0.014313:0.009269:0.009269:0.009269:0.004835:0.003627:0.009269:0.004835:0.009269:0.008466:0.008467:0.009269:0.005643:0.009269:0.009269:0.009269:0.008466:0.009269:0.004835:0.012095:0.003627:0.004636:0.009269:0.004835:0.004636:0.009474:0.009269:0.004835:0.009269:0.009269:0.009473:0.008265:0.009675:0.004651
mentioned undertaking; :@0.151008:0.234905:0.331229:0.234905:0.331229:0.219160:0.151008:0.219160:0.014311:0.009269:0.009269:0.004636:0.003627:0.009269:0.009269:0.009269:0.009269:0.004835:0.009269:0.009269:0.009473:0.009269:0.005643:0.004636:0.009269:0.008668:0.003629:0.009269:0.009269:0.004887:0.004651
b)  the :@0.120977:0.255573:0.178849:0.255573:0.178849:0.239827:0.120977:0.239827:0.009269:0.005655:0.004651:0.010473:0.004636:0.009269:0.009269:0.004651
insurer:@0.179852:0.256176:0.236745:0.256176:0.236745:0.239685:0.179852:0.239685:0.004636:0.010281:0.009269:0.010482:0.006450:0.009269:0.006508
 may increase the Aggregate Stop Limit at each renewal date by up to :@0.236702:0.255573:0.773416:0.255573:0.773416:0.239827:0.236702:0.239827:0.005638:0.014311:0.009474:0.008062:0.005645:0.003830:0.009269:0.008466:0.005645:0.009269:0.009269:0.008466:0.009269:0.005645:0.004837:0.009269:0.009269:0.005643:0.011288:0.009269:0.009269:0.005643:0.009269:0.009474:0.009269:0.004636:0.009269:0.005846:0.011087:0.004636:0.009473:0.009269:0.005643:0.009474:0.003627:0.014313:0.003627:0.004636:0.005645:0.009269:0.004636:0.005645:0.009269:0.009269:0.008466:0.009269:0.005645:0.005643:0.009269:0.009473:0.009474:0.011892:0.009474:0.003629:0.005643:0.009269:0.009269:0.004838:0.009269:0.005645:0.009675:0.008062:0.005643:0.009474:0.009269:0.005645:0.004837:0.009269:0.004651
following :@0.813506:0.255573:0.883662:0.255573:0.883662:0.239827:0.813506:0.239827:0.004838:0.009269:0.003830:0.003629:0.009474:0.012095:0.003627:0.009269:0.009474:0.004651
agreement to such increase by the :@0.151025:0.269260:0.413229:0.269260:0.413229:0.253514:0.151025:0.253514:0.009269:0.009269:0.005645:0.009269:0.009269:0.014311:0.009269:0.009269:0.004636:0.004634:0.004636:0.009269:0.004634:0.008466:0.009269:0.008467:0.009269:0.004837:0.003629:0.009269:0.008466:0.005645:0.009269:0.009269:0.008668:0.009269:0.004634:0.009675:0.008062:0.004634:0.004636:0.009474:0.009269:0.004651
public authority:@0.413212:0.269863:0.539485:0.269863:0.539485:0.253372:0.413212:0.253372:0.010281:0.010279:0.010281:0.004636:0.004636:0.009339:0.004835:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009302
. :@0.539256:0.269260:0.548742:0.269260:0.548742:0.253514:0.539256:0.253514:0.004835:0.004651
The above mentioned undertaking applies to  any  policy  which may  be  issued by the :@0.120994:0.290069:0.796357:0.290069:0.796357:0.274323:0.120994:0.274323:0.010482:0.009269:0.009269:0.008466:0.009269:0.009269:0.009269:0.008466:0.009269:0.008466:0.014311:0.009269:0.009269:0.004636:0.003629:0.009269:0.009269:0.009474:0.009269:0.008466:0.009269:0.009473:0.009269:0.009269:0.005643:0.004636:0.009269:0.008668:0.003629:0.009269:0.009269:0.008466:0.009269:0.009474:0.009269:0.003830:0.003629:0.009269:0.008466:0.008466:0.004636:0.009269:0.004651:0.004017:0.009269:0.009675:0.008062:0.004651:0.004017:0.009269:0.009269:0.003830:0.003629:0.008668:0.008062:0.004651:0.004017:0.012095:0.009269:0.003629:0.008466:0.009269:0.008466:0.014311:0.009474:0.007862:0.004651:0.004017:0.009269:0.009269:0.004651:0.004017:0.003627:0.008467:0.008466:0.009269:0.009269:0.009269:0.008466:0.009677:0.008062:0.008466:0.004636:0.009269:0.009269:0.004651
insurer:@0.800486:0.290673:0.857380:0.290673:0.857380:0.274181:0.800486:0.274181:0.004636:0.010281:0.009269:0.010279:0.006652:0.009269:0.006508
  in :@0.857336:0.290069:0.883759:0.290069:0.883759:0.274323:0.857336:0.274323:0.004651:0.003815:0.003831:0.009474:0.004651
substitution for this :@0.120994:0.303615:0.265508:0.303615:0.265508:0.287869:0.120994:0.287869:0.008466:0.009269:0.009269:0.008466:0.004636:0.003627:0.004638:0.009269:0.004837:0.003629:0.009474:0.009269:0.004634:0.004837:0.009269:0.005643:0.004634:0.004636:0.009269:0.003629:0.008466:0.004651
policy:@0.265492:0.304218:0.314095:0.304218:0.314095:0.287727:0.265492:0.287727:0.010281:0.010279:0.004634:0.004634:0.009473:0.009302
. :@0.314097:0.303615:0.323583:0.303615:0.323583:0.287869:0.314097:0.287869:0.004835:0.004651
Payment of the premium  as specified will be deemed acceptance by the :@0.120994:0.324424:0.693811:0.324424:0.693811:0.308678:0.120994:0.308678:0.011086:0.009677:0.007860:0.014313:0.009269:0.009269:0.004636:0.007863:0.009269:0.004838:0.007863:0.004636:0.009269:0.009269:0.007863:0.009269:0.005643:0.009269:0.014311:0.003629:0.009071:0.014311:0.004651:0.003008:0.009269:0.008467:0.007863:0.008466:0.009269:0.009269:0.008466:0.003629:0.004837:0.003629:0.009269:0.009269:0.007863:0.012095:0.003629:0.003830:0.003629:0.007863:0.009269:0.009269:0.007863:0.009269:0.009473:0.009269:0.014109:0.009269:0.009269:0.007863:0.009269:0.008467:0.008466:0.009269:0.009269:0.004636:0.009474:0.009269:0.008466:0.009269:0.007863:0.009474:0.008062:0.007863:0.004636:0.009474:0.009269:0.004651
public  authority:@0.697023:0.325027:0.826330:0.325027:0.826330:0.308536:0.697023:0.308536:0.010279:0.010281:0.010279:0.004638:0.004636:0.009344:0.004651:0.003212:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009302
  of the :@0.826100:0.324424:0.883759:0.324424:0.883759:0.308678:0.826100:0.308678:0.004651:0.003212:0.009269:0.004838:0.007863:0.004636:0.009269:0.009269:0.004651
policy:@0.121010:0.338714:0.169614:0.338714:0.169614:0.322223:0.121010:0.322223:0.010281:0.010279:0.004634:0.004634:0.009473:0.009302
 terms. :@0.169395:0.338111:0.225442:0.338111:0.225442:0.322365:0.169395:0.322365:0.004634:0.004636:0.009269:0.005645:0.014311:0.008466:0.004435:0.004651
The :@0.121010:0.358920:0.154680:0.358920:0.154680:0.343174:0.121010:0.343174:0.010482:0.009269:0.009269:0.004651
public authority :@0.156077:0.359524:0.288113:0.359524:0.288113:0.343032:0.156077:0.343032:0.010281:0.010279:0.010281:0.004636:0.004636:0.009302:0.006013:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009272:0.004651
 :@0.205466:0.358920:0.210117:0.358920:0.210117:0.343174:0.205466:0.343174:0.004651
has the option to extend the expiry date annually by a further two years at its :@0.289520:0.358920:0.883730:0.358920:0.883730:0.343174:0.289520:0.343174:0.009269:0.009269:0.008467:0.006247:0.004636:0.009269:0.009269:0.006249:0.009269:0.009269:0.004838:0.003627:0.009269:0.009474:0.006046:0.004636:0.009269:0.006247:0.009269:0.008466:0.004636:0.009269:0.009474:0.009269:0.006046:0.004838:0.009269:0.009269:0.006249:0.009269:0.008466:0.009269:0.003627:0.005846:0.008062:0.006249:0.009269:0.009269:0.004837:0.009269:0.006316:0.009269:0.009269:0.009474:0.009269:0.009269:0.003830:0.004032:0.008078:0.006040:0.009675:0.008062:0.006249:0.009269:0.006046:0.004838:0.009269:0.005643:0.004636:0.009269:0.009269:0.005643:0.006048:0.004837:0.011894:0.009473:0.006451:0.008062:0.009269:0.009269:0.005645:0.008466:0.006046:0.009269:0.004837:0.006046:0.003629:0.004838:0.008666:0.004651
discretion. :@0.120994:0.372750:0.202237:0.372750:0.202237:0.357004:0.120994:0.357004:0.009269:0.003629:0.008466:0.008466:0.005645:0.009269:0.004636:0.003629:0.009473:0.009269:0.004843:0.004651