:@0.120968:0.058560:0.126008:0.058560:0.126008:0.039353:0.120968:0.039353:0.005040
 :@0.236559:0.107194:0.243285:0.107194:0.243285:0.082692:0.236559:0.082692:0.006726
 :@0.236559:0.126203:0.243285:0.126203:0.243285:0.101702:0.236559:0.101702:0.006726
 :@0.120962:0.145213:0.127688:0.145213:0.127688:0.120711:0.120962:0.120711:0.006726
Long Term Agreement – Expiry Date: 31 March 2022 :@0.120968:0.164228:0.711027:0.164228:0.711027:0.139726:0.120968:0.139726:0.014782:0.014782:0.014782:0.014782:0.005378:0.014782:0.014785:0.009411:0.021508:0.004040:0.017468:0.014782:0.009411:0.014787:0.013440:0.020160:0.013452:0.014782:0.008056:0.004031:0.013452:0.004016:0.016137:0.014785:0.014782:0.006726:0.009411:0.014785:0.004040:0.017468:0.013452:0.008056:0.013452:0.008056:0.004040:0.013427:0.013442:0.004040:0.020160:0.013442:0.009409:0.013442:0.014785:0.005376:0.013442:0.013427:0.013452:0.013427:0.006726
 :@0.120968:0.178601:0.125825:0.178601:0.125825:0.160905:0.120968:0.160905:0.004858
Until the long term agreement expiry date shown above the :@0.120968:0.192231:0.567851:0.192231:0.567851:0.175363:0.120968:0.175363:0.012097:0.009401:0.005377:0.004033:0.004031:0.004036:0.005377:0.009401:0.009401:0.004036:0.004033:0.009401:0.009401:0.009401:0.004036:0.005377:0.009401:0.005377:0.014786:0.004036:0.009401:0.009401:0.005377:0.009401:0.009401:0.014786:0.009401:0.009401:0.005377:0.004036:0.009401:0.009409:0.009401:0.004033:0.005377:0.008064:0.004036:0.009401:0.009401:0.005377:0.009401:0.004036:0.009409:0.009401:0.009401:0.012097:0.009401:0.004036:0.009401:0.009401:0.009401:0.006720:0.009401:0.004036:0.005377:0.009401:0.009401:0.004858
public authority:@0.567030:0.192861:0.695204:0.192861:0.695204:0.175165:0.567030:0.175165:0.010753:0.010753:0.010753:0.005377:0.005377:0.009574:0.004036:0.009409:0.010751:0.005382:0.009409:0.010753:0.006720:0.004031:0.005382:0.009715
 undertakes to offer to :@0.694890:0.192231:0.883865:0.192231:0.883865:0.175363:0.694890:0.175363:0.004036:0.009409:0.009408:0.009409:0.009408:0.005377:0.005377:0.010746:0.010753:0.010746:0.009409:0.005382:0.006720:0.010746:0.005382:0.010746:0.005375:0.005377:0.010746:0.006720:0.005382:0.006720:0.010746:0.004858
renew annually the insurance under this :@0.120968:0.205540:0.426756:0.205540:0.426756:0.188672:0.120968:0.188672:0.005377:0.009401:0.009401:0.009401:0.012097:0.005377:0.009401:0.009401:0.009401:0.009401:0.009401:0.004033:0.004033:0.009409:0.004036:0.005378:0.009401:0.009401:0.004036:0.004031:0.009401:0.009409:0.009401:0.005377:0.009401:0.009401:0.009408:0.009401:0.004036:0.009401:0.009401:0.009401:0.009401:0.005375:0.004036:0.005377:0.009401:0.004033:0.008064:0.004858
policy:@0.425935:0.206170:0.475973:0.206170:0.475973:0.188474:0.425935:0.188474:0.010753:0.010753:0.004031:0.005377:0.009409:0.009715
 on the terms and conditions in force at the expiry of :@0.475812:0.205540:0.883797:0.205540:0.883797:0.188672:0.475812:0.188672:0.004036:0.009401:0.009401:0.004036:0.005377:0.009401:0.009401:0.004036:0.005377:0.009401:0.005377:0.013440:0.009409:0.004036:0.009401:0.009401:0.009401:0.004036:0.009408:0.009401:0.008064:0.009401:0.004033:0.005377:0.002687:0.009401:0.009401:0.009408:0.004036:0.004033:0.009401:0.004036:0.004033:0.009401:0.005377:0.009408:0.009401:0.004036:0.009401:0.005377:0.005377:0.006720:0.010753:0.010753:0.005377:0.010751:0.009409:0.010753:0.005377:0.006720:0.010753:0.005377:0.010753:0.005377:0.004858
each :@0.120985:0.218849:0.163454:0.218849:0.163454:0.201981:0.120985:0.201981:0.009401:0.009401:0.009409:0.009401:0.004858
period of insurance:@0.162659:0.219479:0.322917:0.219479:0.322917:0.201783:0.162659:0.201783:0.010753:0.010753:0.006720:0.005377:0.010751:0.010753:0.004036:0.010753:0.005375:0.004036:0.005377:0.010753:0.008064:0.010753:0.006720:0.009409:0.010751:0.009409:0.009715
 provided it is understood that; :@0.322608:0.218849:0.551925:0.218849:0.551925:0.201981:0.322608:0.201981:0.004036:0.009401:0.005377:0.009401:0.006722:0.004031:0.009401:0.009401:0.009401:0.004036:0.004033:0.005377:0.004036:0.004031:0.009409:0.004036:0.009401:0.009401:0.009401:0.009401:0.005377:0.009408:0.004033:0.009401:0.009401:0.009401:0.004036:0.005377:0.009401:0.009401:0.005377:0.004122:0.004858
a)  the :@0.120985:0.239758:0.179585:0.239758:0.179585:0.222890:0.120985:0.222890:0.009401:0.005382:0.004858:0.009925:0.005377:0.009401:0.009401:0.004858
insurer:@0.178769:0.240388:0.237985:0.240388:0.237985:0.222692:0.178769:0.222692:0.005377:0.010753:0.008064:0.010753:0.006720:0.010753:0.006797
 is under no obligation to accept the offer to renew made in accordance with the above :@0.237915:0.239758:0.883641:0.239758:0.883641:0.222890:0.237915:0.222890:0.004036:0.004033:0.009408:0.004036:0.009401:0.009401:0.009401:0.009401:0.005377:0.004036:0.009401:0.009401:0.004036:0.009401:0.009401:0.004033:0.004033:0.009401:0.009401:0.005377:0.004033:0.009401:0.009401:0.004036:0.005377:0.009401:0.004036:0.009401:0.009409:0.008064:0.009401:0.009401:0.005377:0.004036:0.005377:0.009401:0.009401:0.004036:0.009401:0.004033:0.004033:0.009401:0.005377:0.004036:0.005377:0.009401:0.004036:0.005378:0.009401:0.009401:0.009401:0.012098:0.004036:0.014786:0.009401:0.009401:0.009401:0.004036:0.004033:0.009401:0.004036:0.009401:0.009408:0.009409:0.009401:0.005377:0.009401:0.009401:0.009401:0.009408:0.009401:0.004036:0.012097:0.004033:0.004031:0.009401:0.004036:0.005377:0.009401:0.009401:0.004036:0.009401:0.009401:0.009401:0.006720:0.009401:0.004858
mentioned undertaking; :@0.150550:0.254018:0.335520:0.254018:0.335520:0.237150:0.150550:0.237150:0.014786:0.009401:0.009401:0.005377:0.004033:0.009401:0.009401:0.009401:0.009401:0.004036:0.009401:0.009401:0.009401:0.009401:0.005377:0.005377:0.009401:0.009409:0.004033:0.009401:0.009401:0.005480:0.004858
b)  the :@0.120985:0.274927:0.179585:0.274927:0.179585:0.258059:0.120985:0.258059:0.009401:0.005382:0.004858:0.009925:0.005377:0.009401:0.009401:0.004858
insurer:@0.178769:0.275557:0.237985:0.275557:0.237985:0.257861:0.178769:0.257861:0.005377:0.010753:0.008064:0.010753:0.006720:0.010753:0.006797
 may increase the Aggregate Stop Limit at each renewal date by up to :@0.237915:0.274927:0.762738:0.274927:0.762738:0.258059:0.237915:0.258059:0.004036:0.014786:0.009401:0.009409:0.004036:0.004031:0.009401:0.009409:0.005377:0.009401:0.009401:0.008066:0.009401:0.004036:0.005377:0.009401:0.009401:0.004036:0.012097:0.009401:0.009401:0.005377:0.009401:0.009401:0.009401:0.004031:0.009401:0.004036:0.012097:0.004033:0.009401:0.009401:0.004036:0.009401:0.004031:0.014786:0.004033:0.004031:0.004036:0.009401:0.005377:0.004036:0.009401:0.009401:0.009409:0.009401:0.004036:0.005377:0.009401:0.009401:0.009401:0.012097:0.009401:0.004033:0.004036:0.009401:0.009401:0.005377:0.009401:0.004036:0.009401:0.008064:0.004036:0.009401:0.009401:0.004036:0.005377:0.009401:0.004858
 following :@0.796847:0.274927:0.883699:0.274927:0.883699:0.258059:0.796847:0.258059:0.004036:0.005377:0.010753:0.005377:0.005377:0.010753:0.013440:0.005377:0.010753:0.010753:0.004858
agreement to such increase by the :@0.150550:0.288236:0.417394:0.288236:0.417394:0.271368:0.150550:0.271368:0.009401:0.009401:0.005377:0.009401:0.009401:0.014784:0.009401:0.009401:0.005377:0.004036:0.005377:0.009401:0.004036:0.009408:0.009401:0.009409:0.009401:0.004036:0.004033:0.009401:0.009408:0.005377:0.009401:0.009401:0.008064:0.009401:0.004036:0.009401:0.009409:0.004036:0.005377:0.009401:0.009401:0.004858
public authority:@0.416573:0.288866:0.543335:0.288866:0.543335:0.271170:0.416573:0.271170:0.010753:0.010751:0.009409:0.005377:0.004033:0.009516:0.004036:0.009409:0.010751:0.005377:0.010753:0.010753:0.005377:0.005377:0.005377:0.009715
. :@0.543031:0.288236:0.551925:0.288236:0.551925:0.271368:0.543031:0.271368:0.004036:0.004858
The  above  mentioned  undertaking  applies  to any policy which may be issued by the :@0.120985:0.309144:0.797625:0.309144:0.797625:0.292277:0.120985:0.292277:0.009409:0.009401:0.009401:0.004858:0.003206:0.009401:0.009401:0.009401:0.006722:0.009401:0.004858:0.003208:0.014784:0.009401:0.009401:0.005377:0.004031:0.009401:0.009401:0.009401:0.009401:0.004858:0.003208:0.009401:0.009401:0.009401:0.009401:0.005377:0.005377:0.009401:0.009408:0.004033:0.009401:0.009401:0.004858:0.003206:0.009401:0.009401:0.009401:0.004033:0.004033:0.009401:0.009409:0.004858:0.003206:0.005377:0.009401:0.006727:0.009401:0.009401:0.009408:0.006727:0.009401:0.009401:0.004031:0.004033:0.009409:0.009408:0.006727:0.012097:0.009401:0.004031:0.009409:0.009401:0.006727:0.014786:0.009401:0.009409:0.006727:0.009401:0.009401:0.006727:0.004031:0.009409:0.009409:0.009401:0.009401:0.009401:0.006727:0.009401:0.009408:0.006727:0.005377:0.009401:0.009401:0.004858
insurer:@0.799494:0.309775:0.858711:0.309775:0.858711:0.292079:0.799494:0.292079:0.005377:0.010753:0.008064:0.010753:0.006720:0.010753:0.006797
 in :@0.858892:0.309144:0.883910:0.309144:0.883910:0.292277:0.858892:0.292277:0.006727:0.004033:0.009401:0.004858
substitution for this :@0.121003:0.322453:0.269627:0.322453:0.269627:0.305586:0.121003:0.305586:0.009409:0.009401:0.009401:0.009409:0.005377:0.004031:0.005377:0.009401:0.005377:0.002687:0.009401:0.009401:0.004036:0.004031:0.009401:0.005377:0.004036:0.005377:0.009401:0.004031:0.009409:0.004858
policy:@0.268806:0.323084:0.318842:0.323084:0.318842:0.305388:0.268806:0.305388:0.010751:0.010753:0.004033:0.005377:0.009408:0.009715
. :@0.318589:0.322453:0.327483:0.322453:0.327483:0.305586:0.318589:0.305586:0.004036:0.004858
Payment of the premium as specified will be deemed acceptance by the :@0.121020:0.343362:0.696934:0.343362:0.696934:0.326494:0.121020:0.326494:0.012097:0.009401:0.009409:0.014784:0.009401:0.009401:0.005377:0.006727:0.009401:0.004033:0.006727:0.005377:0.009401:0.009401:0.006727:0.009401:0.005377:0.009401:0.014786:0.004031:0.009401:0.014786:0.006727:0.009401:0.009408:0.006727:0.009409:0.009401:0.009401:0.009409:0.004033:0.004033:0.004031:0.009401:0.009401:0.006727:0.012097:0.004033:0.004031:0.004033:0.006727:0.009401:0.009401:0.006727:0.009401:0.009401:0.009401:0.014786:0.009401:0.009401:0.006727:0.009401:0.009408:0.009409:0.009401:0.009401:0.005378:0.009401:0.009401:0.009408:0.009401:0.005377:0.009401:0.009408:0.005377:0.005377:0.009401:0.009401:0.004858
public authority:@0.697633:0.343992:0.831009:0.343992:0.831009:0.326297:0.697633:0.326297:0.010753:0.010753:0.010751:0.005377:0.005377:0.009409:0.005382:0.010753:0.010753:0.005377:0.010751:0.010753:0.006720:0.005377:0.005377:0.009715
 of the :@0.830708:0.343362:0.883939:0.343362:0.883939:0.326494:0.830708:0.326494:0.005382:0.009401:0.004031:0.005382:0.005377:0.009401:0.009401:0.004858
policy:@0.121038:0.357301:0.172419:0.357301:0.172419:0.339606:0.121038:0.339606:0.010753:0.010753:0.005375:0.005377:0.009409:0.009715
 terms. :@0.172112:0.356671:0.229388:0.356671:0.229388:0.339803:0.172112:0.339803:0.004036:0.005377:0.009408:0.005382:0.014786:0.009408:0.004024:0.004858
The :@0.121038:0.377580:0.154106:0.377580:0.154106:0.360712:0.121038:0.360712:0.009409:0.009401:0.009401:0.004858
public authority :@0.154638:0.378210:0.289887:0.378210:0.289887:0.360514:0.154638:0.360514:0.010753:0.010753:0.010751:0.005377:0.005377:0.009715:0.003731:0.010753:0.010753:0.005382:0.010753:0.009409:0.006720:0.005377:0.005382:0.009408:0.004858
 :@0.207058:0.377580:0.211915:0.377580:0.211915:0.360712:0.207058:0.360712:0.004858
has the option to extend the expiry date annually by a further two years at its :@0.289059:0.377580:0.883779:0.377580:0.883779:0.360712:0.289059:0.360712:0.009401:0.009401:0.008066:0.004036:0.005375:0.009401:0.009401:0.004036:0.009401:0.009401:0.005377:0.004033:0.009401:0.009401:0.004036:0.005377:0.009401:0.004036:0.009401:0.008064:0.005377:0.009401:0.009401:0.009401:0.004036:0.005377:0.009401:0.009401:0.004036:0.009401:0.008066:0.009401:0.004033:0.005377:0.008064:0.004036:0.009401:0.009401:0.005377:0.009401:0.004036:0.009401:0.009401:0.009401:0.009401:0.009401:0.004033:0.004033:0.008064:0.004036:0.009401:0.009408:0.004036:0.009401:0.004036:0.004031:0.009401:0.005377:0.005377:0.009401:0.009401:0.005377:0.004036:0.006720:0.013442:0.010753:0.005377:0.010753:0.010751:0.010753:0.006722:0.010753:0.005377:0.010751:0.006722:0.005377:0.005377:0.005377:0.010753:0.004858
discretion. :@0.121055:0.391840:0.206551:0.391840:0.206551:0.374972:0.121055:0.374972:0.009401:0.004031:0.009409:0.009409:0.005377:0.009401:0.005377:0.004033:0.009401:0.009401:0.005401:0.004858
 :@0.120968:0.412327:0.127694:0.412327:0.127694:0.387825:0.120968:0.387825:0.006726
 :@0.120968:0.431337:0.127694:0.431337:0.127694:0.406835:0.120968:0.406835:0.006726
 :@0.120968:0.450346:0.127694:0.450346:0.127694:0.425844:0.120968:0.425844:0.006726
 :@0.120968:0.469356:0.127694:0.469356:0.127694:0.444854:0.120968:0.444854:0.006726
 :@0.120968:0.489323:0.127694:0.489323:0.127694:0.464821:0.120968:0.464821:0.006726
 :@0.120968:0.508333:0.127694:0.508333:0.127694:0.483831:0.120968:0.483831:0.006726
 :@0.120968:0.527342:0.127694:0.527342:0.127694:0.502840:0.120968:0.502840:0.006726
 :@0.120968:0.546352:0.127694:0.546352:0.127694:0.521850:0.120968:0.521850:0.006726
 :@0.120968:0.565361:0.127694:0.565361:0.127694:0.540859:0.120968:0.540859:0.006726
 :@0.120968:0.584371:0.127694:0.584371:0.127694:0.559869:0.120968:0.559869:0.006726
 :@0.120968:0.603380:0.127694:0.603380:0.127694:0.578878:0.120968:0.578878:0.006726
 :@0.120968:0.622390:0.127694:0.622390:0.127694:0.597888:0.120968:0.597888:0.006726
 :@0.120968:0.642357:0.127694:0.642357:0.127694:0.617856:0.120968:0.617856:0.006726
 :@0.120968:0.661367:0.127694:0.661367:0.127694:0.636865:0.120968:0.636865:0.006726
 :@0.120968:0.680376:0.127694:0.680376:0.127694:0.655875:0.120968:0.655875:0.006726