HomeMy WebLinkAboutLease Agreement Canon 4935 Docusign Envelope ID: D722DA9C-7F20-443E-AACD-09B5265D4248
AGREEMENT GREATAMERICA FINANCIAL SERVICES CORPORATION
�� PAYMENT ADDRESS:
r ; G r e a t A m e r i c ap PO BOX 660831,DALLAS TX 75266-0831
MR
� F I N A N C IAL SE RVI C ES AGREEMENT NO.:
CUSTOMER • OR •
FULL LEGAL NAME: Lake Elsinore, City of
ADDRESS: 130 South Main St Lake Elsinore,Ca. 92530
VENDOR ••• IS NOTOUR •IS NOT •• • BY •ACT ON OUR OR TO WAIVE OR ALTER ANY PROVISIONOF
Innovative Document Solutions Murrieta, CA
EQUIPMENT
TYPE,MAKE,MODEL NUMBER,SERIAL NUMBER,AND INCLUDED ACCESSORIES ❑ SEE ATTACHED SCHEDULE
Canon 4935 Copier System
EQUIPMENT LOCATION:As Stated Above (-PLUS TAX)
TERM IN MONTHS:60 MONTHLY PAYMENT AMOUNT': $177.00 PURCHASE OPTION: Fair Market Value
SECURITY DEPOSIT: 0
ADDITIONAL TERMS AND CONDITIONS
AGREEMENT.You want us to now pay your Vendor for the equipment and/or software referenced INSURANCE.You agree to maintain commercial general liability insurance acceptable to us.You
herein("Equipment")and the amounts your Vendor included on the invoice to us for the Equipment for also agree to: 1)keep the Equipment fully insured against loss at its replacement cost,with us
related installation,training,and/or implementation costs,and you unconditionally agree to pay us the named as loss payee;and 2)provide proof of insurance satisfactory to us no later than 30 days
amounts payable under the terms of this agreement("Agreement")each period by the due date.This following the commencement of this Agreement,and thereafter upon our written request.If you fail
Agreement will begin on the date the Equipment is delivered to you or any later date we designate. to maintain property loss insurance satisfactory to us and/or you fail to timely provide proof of such
We may charge you a one-time origination fee of$175.00.If we do not receive by the due date,at the insurance,we have the option,but not the obligation,to secure properly loss insurance on the
remittance address indicated on your invoice,any amount payable to us,you will pay a late charge Equipment from a carrier of our choosing in such forms and amounts as we deem reasonable to
equal to:1)the greater of ten(10)cents for each dollar overdue or twenty-six dollars($26.00);or 2) protect our interests.If we secure insurance on the Equipment,we will not name you as an insured
the highest lawful charge,if less.Any security deposit will be returned upon full performance. party,your interests may not be fully protected,and you will reimburse us the premium which may
NET AGREEMENT.THIS AGREEMENT IS NON-CANCELABLE FOR THE ENTIRE AGREEMENT be higher than the premium you would pay if you obtained insurance,and which may result in a
TERM. YOU UNDERSTAND WE ARE PAYING FOR THE EQUIPMENT BASED ON YOUR profit to us through an investment in reinsurance.If you are current in all of your obligations under
UNCONDITIONAL ACCEPTANCE OF IT AND YOUR PROMISE TO PAY US UNDER THE TERMS the Agreement at the time of loss,any insurance proceeds received will be applied,at our option,
OF THIS AGREEMENT,WITHOUT SET-OFFS FOR ANY REASON, EVEN IF THE EQUIPMENT to repair or replace the Equipment,or to pay us the remaining payments due or to become due
DOES NOT WORK OR IS DAMAGED,EVEN IF IT IS NOT YOUR FAULT. under this Agreement,plus our booked residual,both discounted at 3%per annum.
EQUIPMENT USE.You will keep the Equipment in good working order,use it for business purposes TAXES.We own the Equipment.You will pay when due,either directly or by reimbursing us,all
only,and not modify or move it from its initial location without our consent.You must resolve any taxes and fees relating to the Equipment and this Agreement.Sales or use tax due upfront will be
dispute you may have concerning the Equipment with the manufacturer or Vendor.Payments under payable over the term with a finance charge.
this Agreement may include amounts you owe your Vendor under a separate arrangement (for END OF TERM.At the end of the term of this Agreement(or any renewal term)(the"End Date"),
maintenance,service,supplies,etc.),which amounts may be invoiced by us on your Vendor's behalf this Agreement will renew month to month unless a)we receive written notice from you,at least 60
for your convenience. days prior to the End Date,of your intent to return the Equipment,and b)you timely return the
SOFTWARE/DATA. Except as provided in this paragraph, references to"Equipment"include any Equipment to the location designated by us,at your expense.If a Purchase Option is indicated
software referenced above or installed on the Equipment.We do not own the software and cannot above and you are not in default on the End Date,you may purchase the Equipment from us"AS
transfer any interest in it to you.We are not responsible for the software or the obligations of you or IS"for the Purchase Option price.If the returned Equipment is not immediately available for use by
the licensor under any license agreement.You are solely responsible for protecting and removing any another without need of repair,you will reimburse us for all repair costs.You cannot pay off this
confidential data/images stored on the Equipment prior to its return for any reason. Agreement or return the Equipment prior to the End Date without our consent.If we consent,we
NO WARRANTY. WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, INCLUDING may charge you,in addition to other amounts owed,an early termination fee equal to 5%of the
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.YOU HAVE amount we paid for the Equipment.
ACCEPTED THE EQUIPMENT "AS-IS". YOU CHOSE THE EQUIPMENT, THE VENDOR AND DEFAULTIREMEDIES.If a payment becomes 10+days past due,or if you otherwise breach this
ANYIALL SERVICE PROVIDER(S) BASED ON YOUR JUDGMENT. YOU MAY CONTACT YOUR Agreement,you will be in default,and we may require that you return the Equipment to us at your
VENDOR FOR A STATEMENT OF THE WARRANTIES,IF ANY,THAT THE MANUFACTURER OR expense and pay us: 1)all past due amounts and 2)all remaining payments for the unexpired
VENDOR IS PROVIDING.WE ASSIGN TO YOU ANY WARRANTIES GIVEN TO US. term,plus our booked residual,discounted at 3%per annum;and we may disable or repossess the
ASSIGNMENT.You may not sell,assign or sublease the Equipment or this Agreement without our Equipment and use all other legal remedies available to us. You agree to pay all costs and
written consent.We may sell or assign this Agreement or our rights in the Equipment,in whole or in expenses(including reasonable attorney fees)we incur in any dispute with you related to this
part,to a third party without notice to you.You agree that if we do so,the assignee will have our rights Agreement.You agree to pay us interest on all past due amounts at the rate of 1.5%per month,or
but will not be subject to any claim,defense,or set-off assertable against us or anyone else. at the highest rate allowed by applicable law,if less.
LAWIFORUM.This Agreement and any claim related to this Agreement will be governed by Iowa law. UCC.You agree that this Agreement is(and/or shall be treated as)a"Finance Lease"as that term
Any dispute will be adjudicated in a state or federal court located in Linn County,Iowa.You consent to is defined in Article 2A of the Uniform Commercial Code("UCC").You agree to forgo the rights and
personal jurisdiction and venue in such courts and waive transfer of venue. Each party waives any remedies provided under sections 507-522 of Article 2A of the UCC.
right to a jury trial. MISCELLANEOUS.This Agreement is the entire agreement between you and us relating to the
LOSS OR DAMAGE.You are responsible for any damage to or loss of the Equipment.No such loss Equipment and supersedes any prior representations or agreements, including any purchase
or damage will relieve you from your payment obligations hereunder.We are not responsible for,and orders.Amounts payable under this Agreement may include a profit to us.The parties agree that
you will indemnify us against,any claims, losses or damages,including attorney fees,in any way the original hereof for enforcement and perfection purposes,and the sole"record"constituting
relating to the Equipment or data stored on it. This indemnity will survive the expiration of this "chattel paper"under the UCC,is the paper copy hereof bearing(i)the original or a copy of either
Agreement.In no event will we be liable for any consequential or indirect damages. your manual signature or an electronically applied indication of your intent to enter into this
Agreement, and (ii) our original manual signature. If any provision of this Agreement is
unenforceable,the other provisions herein shall remain in full force and effect to the fullest extent
permitted by law.Any thane must be in writin si ned bv each Dartv.
• • • AUTHORIZED SIGNATURE
THIS AGREEMENT IS NON-CANCELABLE FOR THE FULL AGREEMENT TERM.THIS AGREEMENT IS BINDING WHEN WE EXECUTE THIS AGREEMENT AND PAY FOR THE EQUIPMENT.
OWNER:GreatAmerica Financial Services Corporation CUSTOMER: As Stated Above
Assistant Cit Man 1 16/2026
SIGNATURE: DATE: SIGNATURE: Y � .
PRINT NAME&TITLE: PRINT NAME& Kann n Buckley Assistant City Manger to
CERTIFICATE OF
The Customer hereby certifies that all the Equipment:1)has been received,installed,and inspected,and 2)is fully operational and unconditionally accepted.
SIGNATURE:X NAME AND TITLE: DATE.
001967-ZG01(TL)_0510 06/24/24 135