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2014-084B
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2014-084B
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Last modified
3/13/2017 11:54:37 AM
Creation date
10/1/2015 6:10:26 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/10/2014
Control Number
2014-084B
Agenda Item Number
8.I.
Entity Name
NEC Corporation of America
Subject
Library Statement of Work SV8300
Supplemental fields
SmeadsoftID
13423
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NEC NEC Corporation of America <br />obligated to commence performance on the Project until NEC has received a valid PO, <br />issued in accordance with the Client's procurement policies. <br />Client will NOT require NEC to reference a PO as a pre -condition for payment under <br />this SOW. The lack of a PO reference will not constitute cause for invoice dispute or <br />withholding of payment. <br />OPTION FOR THIRD PARTY FUNDING - In lieu of remitting payments directly to NEC, Client may <br />elect to finance the Project Price through a third party financing company ("Lessor") of Client's <br />choosing. In such event, Client agrees to enter into a binding financing agreement with the Lessor <br />for that portion of the Project Price that will not be paid directly by Client, and shall take all actions <br />required to cause the Lessor to remit payments to NEC in full accordance with the billing schedule <br />and the payment terms of this SOW. Client acknowledges that NEC may be required to contact the <br />Lessor directly to obtain information for billing and credit purposes, and agrees to reasonably <br />cooperate with, and assist NEC in the process of obtaining such information. Client shall remain <br />directly liable to NEC for any payments not made by the Lessor in full accordance with the terms of <br />this SOW. Client shall indicate its intention to exercise this option by providing the name of the <br />Lessor and initialing in the space below. <br />Client Initials <br />NEC is not obligated to commence performance of the Project until Client has remitted, or (if <br />applicable) caused Lessor to remit, the initial payment for Services as described above. The <br />Project Price does not include Change Orders. Unless otherwise expressly agreed to by the parties <br />in writing, all Change Orders will be invoiced upon Project Completion. <br />7. Assumptions and Limitations <br />12 <br />
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