:@0.120943:0.059393:0.125983:0.059393:0.125983:0.040194:0.120943:0.040194:0.005039
 :@0.236847:0.107182:0.243404:0.107182:0.243404:0.083302:0.236847:0.083302:0.006556
 :@0.236847:0.126277:0.243404:0.126277:0.243404:0.102396:0.236847:0.102396:0.006556
Long Term Agreement – Expiry Date: 31 March 2022 :@0.120943:0.145523:0.709245:0.145523:0.709245:0.121643:0.120943:0.121643:0.014315:0.014315:0.014315:0.014315:0.006651:0.014315:0.013103:0.009273:0.020961:0.006853:0.016504:0.014313:0.009271:0.013103:0.013089:0.020964:0.013103:0.014311:0.007863:0.006667:0.012900:0.006651:0.015723:0.013101:0.014315:0.006462:0.009474:0.012497:0.006651:0.016933:0.013101:0.008063:0.013103:0.007658:0.006651:0.013103:0.013089:0.006450:0.019756:0.013089:0.009273:0.013103:0.014108:0.006653:0.013103:0.013089:0.013103:0.012933:0.006556
 :@0.120943:0.160092:0.125594:0.160092:0.125594:0.143152:0.120943:0.143152:0.004651
Until the long term agreement expiry date shown above the :@0.120943:0.173176:0.579659:0.173176:0.579659:0.157028:0.120943:0.157028:0.012095:0.009269:0.004636:0.003830:0.003629:0.006249:0.004636:0.009474:0.009269:0.006249:0.003830:0.009269:0.009269:0.009474:0.006247:0.004638:0.009269:0.005643:0.014311:0.006249:0.009269:0.009269:0.005643:0.009269:0.009269:0.014111:0.009269:0.009269:0.004638:0.006247:0.009269:0.008467:0.009473:0.003629:0.005846:0.008062:0.006451:0.009269:0.009269:0.004837:0.009269:0.006249:0.008466:0.009269:0.009474:0.012093:0.009269:0.006247:0.009474:0.009269:0.009474:0.008265:0.009269:0.006249:0.004837:0.009269:0.009269:0.004651
public authority:@0.581333:0.173780:0.709149:0.173780:0.709149:0.156839:0.581333:0.156839:0.010281:0.010279:0.010281:0.004636:0.004838:0.009274:0.006241:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009302
 undertakes to offer to :@0.708920:0.173176:0.883673:0.173176:0.883673:0.157028:0.708920:0.157028:0.006458:0.009269:0.009474:0.009269:0.009269:0.005645:0.004636:0.009269:0.008666:0.009269:0.008466:0.006249:0.004636:0.009269:0.006249:0.009269:0.004838:0.004837:0.009269:0.005645:0.006249:0.004636:0.009269:0.004651
renew annually the insurance under this :@0.120943:0.186722:0.429114:0.186722:0.429114:0.170574:0.120943:0.170574:0.005643:0.009269:0.009269:0.009473:0.011894:0.006046:0.009269:0.009474:0.009269:0.009269:0.009474:0.003629:0.004030:0.008064:0.006046:0.004636:0.009474:0.009269:0.006046:0.003629:0.009269:0.008467:0.009269:0.005643:0.009474:0.009473:0.008467:0.009269:0.006046:0.009269:0.009269:0.009269:0.009269:0.005643:0.006048:0.004636:0.009474:0.003627:0.008466:0.004651
policy:@0.430558:0.187325:0.479162:0.187325:0.479162:0.170385:0.430558:0.170385:0.010281:0.010279:0.004634:0.004634:0.009473:0.009302
 on the terms and conditions in force at the expiry of :@0.478943:0.186722:0.883630:0.186722:0.883630:0.170574:0.478943:0.170574:0.006040:0.009269:0.009269:0.006048:0.004636:0.009473:0.009269:0.006046:0.004636:0.009269:0.005645:0.014111:0.008466:0.006046:0.009269:0.009269:0.009269:0.006046:0.008466:0.009269:0.009269:0.009269:0.003629:0.004837:0.003629:0.009269:0.009269:0.008466:0.006048:0.003830:0.009269:0.006046:0.004638:0.009269:0.005643:0.008466:0.009269:0.006046:0.009269:0.004636:0.006048:0.004636:0.009269:0.009269:0.006048:0.009269:0.008466:0.009269:0.003629:0.006046:0.007862:0.006249:0.009269:0.004838:0.004651
each :@0.120943:0.200409:0.161868:0.200409:0.161868:0.184261:0.120943:0.184261:0.009269:0.009269:0.008467:0.009269:0.004651
period of insurance:@0.161868:0.201013:0.317706:0.201013:0.317706:0.184072:0.161868:0.184072:0.010281:0.009473:0.006451:0.004636:0.010279:0.010281:0.004634:0.010281:0.005638:0.004634:0.004638:0.010279:0.009272:0.010281:0.006652:0.009272:0.010281:0.009272:0.009302
 provided it is understood that; :@0.317677:0.200409:0.547688:0.200409:0.547688:0.184261:0.317677:0.184261:0.004835:0.009269:0.005645:0.009269:0.008466:0.003629:0.009269:0.009473:0.009269:0.004634:0.003830:0.004636:0.004634:0.003629:0.008466:0.004634:0.009473:0.009269:0.009269:0.009269:0.005643:0.008467:0.004636:0.009473:0.009269:0.009269:0.004634:0.004837:0.009474:0.009269:0.004636:0.004889:0.004651
a)  the :@0.120943:0.221219:0.178816:0.221219:0.178816:0.205070:0.120943:0.205070:0.009269:0.005655:0.004651:0.010473:0.004636:0.009269:0.009269:0.004651
insurer:@0.179015:0.221822:0.235909:0.221822:0.235909:0.204881:0.179015:0.204881:0.004636:0.010281:0.009269:0.010279:0.006652:0.009269:0.006508
 is under no obligation to accept the offer to renew made in accordance with the above :@0.236066:0.221219:0.883700:0.221219:0.883700:0.205070:0.236066:0.205070:0.004634:0.003629:0.008466:0.004837:0.009269:0.009473:0.009269:0.009269:0.005645:0.004838:0.009269:0.009473:0.004634:0.009269:0.009474:0.003629:0.003830:0.009269:0.009269:0.004636:0.003830:0.009269:0.009473:0.004634:0.004636:0.009474:0.004634:0.009269:0.008466:0.008467:0.009269:0.009269:0.004837:0.004634:0.004838:0.009269:0.009269:0.004838:0.009269:0.004838:0.004837:0.009269:0.005645:0.004634:0.004636:0.009269:0.004634:0.005643:0.009269:0.009269:0.009473:0.012095:0.004634:0.014311:0.009269:0.009269:0.009269:0.004837:0.003629:0.009474:0.004634:0.009269:0.008563:0.008466:0.009269:0.005645:0.009269:0.009474:0.009269:0.008466:0.009269:0.004835:0.012095:0.003627:0.004636:0.009474:0.004636:0.004636:0.009474:0.009269:0.004835:0.009269:0.009269:0.009473:0.008265:0.009675:0.004651
mentioned undertaking; :@0.151008:0.235048:0.331229:0.235048:0.331229:0.218900:0.151008:0.218900:0.014311:0.009269:0.009269:0.004636:0.003627:0.009269:0.009269:0.009269:0.009269:0.004835:0.009269:0.009269:0.009473:0.009269:0.005643:0.004636:0.009269:0.008668:0.003629:0.009269:0.009269:0.004887:0.004651
b)  the :@0.120977:0.255715:0.178849:0.255715:0.178849:0.239567:0.120977:0.239567:0.009269:0.005655:0.004651:0.010473:0.004636:0.009269:0.009269:0.004651
insurer:@0.179852:0.256318:0.236745:0.256318:0.236745:0.239378:0.179852:0.239378:0.004636:0.010281:0.009269:0.010482:0.006450:0.009269:0.006508
 may increase the Aggregate Stop Limit at each renewal date by up to :@0.236702:0.255715:0.773416:0.255715:0.773416:0.239567:0.236702:0.239567:0.005638:0.014311:0.009474:0.008062:0.005645:0.003830:0.009269:0.008466:0.005645:0.009269:0.009269:0.008466:0.009269:0.005645:0.004837:0.009269:0.009269:0.005643:0.011288:0.009269:0.009269:0.005643:0.009269:0.009474:0.009269:0.004636:0.009269:0.005846:0.011087:0.004636:0.009473:0.009269:0.005643:0.009474:0.003627:0.014313:0.003627:0.004636:0.005645:0.009269:0.004636:0.005645:0.009269:0.009269:0.008466:0.009269:0.005645:0.005643:0.009269:0.009473:0.009474:0.011892:0.009474:0.003629:0.005643:0.009269:0.009269:0.004838:0.009269:0.005645:0.009675:0.008062:0.005643:0.009474:0.009269:0.005645:0.004837:0.009269:0.004651
 following :@0.807862:0.255715:0.883662:0.255715:0.883662:0.239567:0.807862:0.239567:0.005643:0.004838:0.009269:0.003830:0.003629:0.009474:0.012095:0.003627:0.009269:0.009474:0.004651
agreement to such increase by the :@0.151025:0.269403:0.413229:0.269403:0.413229:0.253254:0.151025:0.253254:0.009269:0.009269:0.005645:0.009269:0.009269:0.014311:0.009269:0.009269:0.004636:0.004634:0.004636:0.009269:0.004634:0.008466:0.009269:0.008467:0.009269:0.004837:0.003629:0.009269:0.008466:0.005645:0.009269:0.009269:0.008668:0.009269:0.004634:0.009675:0.008062:0.004634:0.004636:0.009474:0.009269:0.004651
public authority:@0.413212:0.270006:0.539485:0.270006:0.539485:0.253065:0.413212:0.253065:0.010281:0.010279:0.010281:0.004636:0.004636:0.009339:0.004835:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009302
. :@0.539256:0.269403:0.548742:0.269403:0.548742:0.253254:0.539256:0.253254:0.004835:0.004651
The above mentioned undertaking applies to  any  policy  which may  be  issued by the :@0.120994:0.290070:0.796442:0.290070:0.796442:0.273922:0.120994:0.273922:0.010482:0.009269:0.009269:0.008466:0.009269:0.009269:0.009269:0.008466:0.009269:0.008466:0.014311:0.009269:0.009269:0.004636:0.003629:0.009269:0.009269:0.009474:0.009269:0.008466:0.009269:0.009473:0.009269:0.009269:0.005643:0.004636:0.009269:0.008668:0.003629:0.009269:0.009269:0.008466:0.009269:0.009474:0.009269:0.003830:0.003629:0.009269:0.008466:0.008466:0.004636:0.009269:0.004651:0.004017:0.009269:0.009675:0.008062:0.004651:0.004017:0.009269:0.009269:0.003830:0.003629:0.008668:0.008062:0.004651:0.004017:0.012095:0.009269:0.003629:0.008466:0.009269:0.008466:0.014311:0.009474:0.007950:0.004651:0.004015:0.009269:0.009269:0.004651:0.004017:0.003629:0.008466:0.008466:0.009269:0.009269:0.009269:0.008466:0.009675:0.008062:0.008466:0.004636:0.009269:0.009269:0.004651
insurer:@0.800486:0.290673:0.857380:0.290673:0.857380:0.273732:0.800486:0.273732:0.004636:0.010281:0.009269:0.010279:0.006652:0.009269:0.006508
  in :@0.857336:0.290070:0.883759:0.290070:0.883759:0.273922:0.857336:0.273922:0.004651:0.003815:0.003831:0.009474:0.004651
substitution for this :@0.120994:0.303757:0.265508:0.303757:0.265508:0.287609:0.120994:0.287609:0.008466:0.009269:0.009269:0.008466:0.004636:0.003627:0.004638:0.009269:0.004837:0.003629:0.009474:0.009269:0.004634:0.004837:0.009269:0.005643:0.004634:0.004636:0.009269:0.003629:0.008466:0.004651
policy:@0.265492:0.304361:0.314095:0.304361:0.314095:0.287420:0.265492:0.287420:0.010281:0.010279:0.004634:0.004634:0.009473:0.009302
. :@0.314097:0.303757:0.323583:0.303757:0.323583:0.287609:0.314097:0.287609:0.004835:0.004651
Payment  of the premium as specified  will  be deemed  acceptance by  the :@0.120994:0.324566:0.693812:0.324566:0.693812:0.308418:0.120994:0.308418:0.011086:0.009677:0.007860:0.014313:0.009269:0.009269:0.004636:0.004651:0.003211:0.009269:0.004837:0.007663:0.004636:0.009269:0.009473:0.007663:0.009269:0.005643:0.009269:0.014311:0.003629:0.009269:0.014311:0.007663:0.009269:0.008467:0.007663:0.008466:0.009269:0.009269:0.008466:0.003629:0.004838:0.003627:0.009474:0.009269:0.004651:0.003211:0.012095:0.003627:0.003831:0.003627:0.004651:0.003211:0.009269:0.009474:0.007663:0.009269:0.009474:0.009269:0.014111:0.009269:0.009269:0.004651:0.003211:0.009269:0.008466:0.008466:0.009269:0.009269:0.004636:0.009473:0.009269:0.008466:0.009269:0.007663:0.009675:0.008064:0.004651:0.003209:0.004636:0.009474:0.009269:0.004651
public  authority:@0.696824:0.325170:0.826330:0.325170:0.826330:0.308229:0.696824:0.308229:0.010281:0.010482:0.010281:0.004634:0.004634:0.009344:0.004651:0.003212:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009302
  of the :@0.826100:0.324566:0.883764:0.324566:0.883764:0.308418:0.826100:0.308418:0.004651:0.003212:0.009269:0.004838:0.007663:0.004636:0.009269:0.009474:0.004651
policy:@0.121010:0.338857:0.169614:0.338857:0.169614:0.321916:0.121010:0.321916:0.010281:0.010279:0.004634:0.004634:0.009473:0.009302
 terms. :@0.169395:0.338254:0.225442:0.338254:0.225442:0.322106:0.169395:0.322106:0.004634:0.004636:0.009269:0.005645:0.014311:0.008466:0.004435:0.004651
The :@0.121010:0.359063:0.154680:0.359063:0.154680:0.342915:0.121010:0.342915:0.010482:0.009269:0.009269:0.004651
public authority :@0.156077:0.359666:0.288113:0.359666:0.288113:0.342725:0.156077:0.342725:0.010281:0.010279:0.010281:0.004636:0.004636:0.009302:0.006013:0.009272:0.010281:0.005638:0.010281:0.010279:0.006451:0.004636:0.005846:0.009272:0.004651
 :@0.205466:0.359063:0.210117:0.359063:0.210117:0.342915:0.205466:0.342915:0.004651
has the option to extend the expiry date annually by a further two years at its :@0.289520:0.359063:0.883760:0.359063:0.883760:0.342915:0.289520:0.342915:0.009269:0.009269:0.008467:0.006247:0.004636:0.009269:0.009269:0.006249:0.009269:0.009269:0.004838:0.003627:0.009269:0.009474:0.006046:0.004636:0.009269:0.006247:0.009269:0.008466:0.004636:0.009269:0.009474:0.009269:0.006046:0.004838:0.009269:0.009269:0.006249:0.009269:0.008466:0.009269:0.003627:0.005846:0.008062:0.006249:0.009269:0.009269:0.004837:0.009269:0.006249:0.009269:0.009269:0.009474:0.009269:0.009269:0.003831:0.004030:0.008064:0.006046:0.009675:0.008062:0.006249:0.009269:0.006048:0.004837:0.009269:0.005645:0.004636:0.009269:0.009269:0.005645:0.006046:0.004838:0.011892:0.009474:0.006550:0.008062:0.009269:0.009269:0.005643:0.008466:0.006048:0.009269:0.004837:0.006048:0.003627:0.004838:0.008668:0.004651
discretion. :@0.121010:0.372892:0.202254:0.372892:0.202254:0.356744:0.121010:0.356744:0.009269:0.003629:0.008466:0.008466:0.005645:0.009269:0.004636:0.003629:0.009473:0.009269:0.004843:0.004651
 :@0.120943:0.393243:0.127500:0.393243:0.127500:0.369363:0.120943:0.369363:0.006556
 :@0.120943:0.412337:0.127500:0.412337:0.127500:0.388457:0.120943:0.388457:0.006556
 :@0.120943:0.431431:0.127500:0.431431:0.127500:0.407551:0.120943:0.407551:0.006556
 :@0.120943:0.450525:0.127500:0.450525:0.127500:0.426645:0.120943:0.426645:0.006556
 :@0.362820:0.450525:0.369377:0.450525:0.369377:0.426645:0.362820:0.426645:0.006556