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11/21/2017
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11/21/2017
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Last modified
1/12/2018 3:36:06 PM
Creation date
1/12/2018 3:33:26 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
11/21/2017
Meeting Body
Board of County Commissioners
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Any provision in the Agreement stating that you grant us a security interest in the Equipment to secure <br />all amounts owed to us under any agreement is hereby amended and restated as follows: "To the <br />extent permitted by law, you grant us a security interest in the Equipment to secure all amounts you <br />owe us under this Agreement, and you authorize us to file a financing statement (UCC -1) or be named <br />on the vehicle title to show our interest." <br />Any provision in the Agreement stating that you shall indemnify and hold us harmless is hereby <br />amended and restated as follows: "You shall not be required to indemnify or hold us harmless against <br />liabilities arising from the Agreement. However, as between you and us, and to the extent permitted by <br />law and legally available funds, you shall bear the risk of loss for, shall pay directly, and shall defend <br />against any and all claims, liabilities, proceedings, actions, expenses, damages or losses arising under <br />or related to the Equipment, including, but not limited to, the possession, ownership, lease, use or <br />operation thereof, except that you shall not bear the risk of loss of, nor pay for, any claims, liabilities, <br />proceedings, actions, expenses, damages or losses that arise directly from events occurring after you <br />have surrendered possession of the Equipment in accordance with the terms of the Agreement to us or <br />that arise directly from our gross negligence or willful misconduct." <br />Any provision in the Agreement stating that a default by you under any agreement with our affiliates or <br />other lenders shall be an event of default under the Agreement is hereby amended and restated as <br />follows: "You will be in default if: (a) you do not pay any Payment or other sum due to us under the <br />Agreement when due or if you fail to perform in accordance with the covenants, terms and conditions of <br />this Agreement, (b) you make or have made any false statement or misrepresentation to us, (c) you or <br />any guarantor dies, dissolves or terminates existence, (d) there has been a material adverse change in <br />your or any guarantor's financial, business or operating condition, or (e) any guarantor defaults under any <br />guaranty for this Agreement." <br />Any provision in the Agreement requiring you to pay amounts due under the Agreement upon the <br />occurrence of a default, failure to appropriate funds or failure to renew the Agreement is hereby <br />amended to limit such requirement to the extent permitted by law and legally available funds. <br />Any provision in the Agreement stating that the Agreement is governed by a particular state's laws and <br />you consent to such jurisdiction and venue is hereby amended and restated as follows: "This <br />Agreement will be governed by and construed in accordance with the laws of the state where Customer <br />is located. You consent to jurisdiction and venue of any state or federal court in such state and waive <br />the defense of inconvenient forum." <br />By signing this Addendum, Customer acknowledges the above changes to the Agreement and authorizes <br />Lessor to make such changes. In all other respects, the terms and conditions of the Agreement remain in full <br />force and effect and remain binding on Customer. <br />U.S. Bank Equipment Finance <br />Lessor <br />Signature <br />Customer <br />X <br />Signature <br />Title Date Title Date <br />NOTE: SIGNER OF THIS DOCUMENT MUST BE SAME AS ON THE AGREEMENT. A FACSIMILE OF THIS DOCUMENT WITH SIGNATURE SHALL BE CONSIDERED <br />TO BE AN ORIGINAL. CAPITALIZED TERMS IN THIS DOCUMENT ARE DEFINED AS IN THE AGREEMENT, UNLESS SPECIFICALLY STATED OTHERWISE. <br />10162 REV 11/13 modified 11.21.7 <br />Page 2 of 2 <br />P28 <br />
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