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Version 11.09.20 Program Agreement - Orange County Page 3 <br />CA Form - WC 99 06 Q6 (B) <br />© (2019) The Travelers Indemnity Company. All rights reserved. <br />state law or regulation. If an additional amount is determined to be due, you will pay any <br />additional amount following our notice to you that additional funds are required. You agree <br />to pay any additional surcharges, taxes, or other assessments, whether or not known at the <br />time of this Agreement, as required by law. <br />2.Loss Fund Requirements. The amount of any loss fund requirements is set forth in the <br />applicable Program Exhibit. We reserve the right to increase the amount required, and you <br />agree to pay such additional amount following our notice to you that additional funds are <br />required. <br />3.Plan Losses, Claim Handling Charges and Other Fees. You agree to pay all Plan Losses, Claim <br />Handling Charges, and annual Premium Tax, Surcharges and Assessments (if any) associated <br />with your Policies pursuant to the Payment Schedule in any applicable Program Exhibit. <br />4.Plan Adjustments. You agree to pay all Plan Adjustments, subject to any minimum or <br />maximum billed amounts agreed to by the Parties, on the commencement date, and <br />according to the billing frequency and basis, as set forth in the applicable Program Exhibit. <br />5.Services. You agree to pay all expenses for Supplemental Services provided pursuant to the <br />Supplemental Services section of the applicable Program Exhibit. <br />6. You agree to the terms and conditions for billing and payment as set forth in all applicable <br />supplements, exhibits and/or schedules. <br />You agree to pay each bill or invoice that is submitted to you within 30 days of the date of such bill or <br />invoice, unless other terms are set forth in the bill or invoice or as otherwise agreed to between you <br />and us. All payments will be in U.S. Dollars. Either of the Parties may offset any balance due to it <br />under this Agreement, or any other property casualty agreements heretofore or hereafter entered <br />into between you and us. <br />C. COLLATERAL AND REMEDIES <br />1. In order to assure payment and performance of your Obligations to us, you agree to pledge, <br />deliver to us and maintain Collateral in the amount, form, content and issuer acceptable to us <br />and on or before any due date(s) as set forth in the applicable Program Exhibit and pursuant to <br />the terms of the Collateral Exhibit, if any. You acknowledge that we would not provide the <br />Policies or enter into this Agreement without the Collateral. We will hold the Collateral until we <br />determine all of your Obligations to us are final, or until we, in our sole, good faith discretion, <br />decide that we no longer need the Collateral. <br />2. If you request and we agree in our sole, good faith discretion that Collateral to secure all or a <br />portion of your Obligations will be provided by an entity or entities other than you, and the <br />Collateral is in fact so provided, the entity providing the Collateral acknowledges that it derives <br />direct and substantial benefits from this Agreement, and that we would not provide the Policies <br />or this Agreement without the Collateral. Each entity providing Collateral agrees that it is <br />bound by all of the terms and conditions of this Agreement, including but not limited to the <br />provisions that the Collateral secures all Obligations under this Agreement and under all of the <br />Policies (regardless of the amount of Collateral provided by that entity) and that the duties and <br />DocuSign Envelope ID: FCD9FE56-CF01-4E96-B983-B8E8DFE6811C