•
<br />(c) There are no pending or threatened lawsuits or administrative or other
<br />proceedings contesting the authority lot, authorization or performance of, or the
<br />expenditure of funds pursuant to this Agreement.
<br />(d) Information supplied and statements made by Lessee in any financial
<br />statement or current budget prior to or contemporaneously with this Agreement are
<br />true and correct.
<br />(e) Lessee has an Immediate need for, and expects to make immediate use
<br />of, substantially all the Property, which need is not temporary or expected to dimin-
<br />ish In the foreseeable future, and Lessee will not give priority or parity in the appro-
<br />priation of funds to the acquisition or use of any substitute property for purposes or
<br />functions similar to the Property's or for the procurement of services from a third
<br />party which services are substitute for the utilization of the Property by the Lessee.
<br />(f) There are no circumstances presently affecting the Lessee that could
<br />reasonably be expected to alter Its foreseeable need for the property or adversely
<br />affect its ability or willingness to budget funds for the payment of sums due
<br />hereunder.
<br />(g) Lessee's right to terminate this Agreement as specified in Paragraph 11
<br />hereof was not an Independently bargained for consideration, but was concluded
<br />solely for the purpose of complying with the requirements of the laws of the State in
<br />which Lessee is located.
<br />(h) Lessee has on hand and legally available. funds from sources other than
<br />ad valorem taxes sufficient to make all payments due under this Agreement during
<br />the current fiscal year of Lessee.
<br />(1) The Lessee has reviewed its projected revenues and its expenses and rea-
<br />sonably expects that it shall have on hand and legally available, funds from sources
<br />other than ad valorem taxes sufficient so to timely make all payments as they
<br />become due under this Agreement during the Term hereof.
<br />Q) Lessee shall make appropriations for payments for each fiscal period or
<br />periods only from sources of funds which are legally available to make payments
<br />under this Agreement, and from sources of funds other than ad valorem taxes.
<br />(k) All required public bidding procedures regarding the award of this
<br />Agreement and the selection and acquisition of the Property have been complied
<br />With by Lessee.
<br />4. USE and LICENSES. Lessee shall pay and discharge all operating expenses
<br />and shall cause the Property to be operated by competent persons. Only Lessee
<br />shall use the Properly only for its proper purposes and will not install, use, operate or
<br />maintain the Properly improperly, carelessly, or in violation of any applicable law,
<br />ordinance, rule or regulation of governmental authority or in violation of any policy of
<br />insurance required pursuant to Paragraph 8 hereof. or in a manner contrary to the
<br />nature of the Property or the use contemplated by its manufacturer. Lessee shall
<br />keep the Property at the location stated on the cenificale of Acceptance executed by
<br />Lessee upon delivery of the Property, unlit Lessor in writing permits its removal, and
<br />the Property shall be used solely in the conduct of the Lessee's operations. Lessee
<br />shall obtain. of its expense. all registrations, permits and licenses, it any, required by
<br />law for the installation and operation of the Property. License plates used on the
<br />Property shall be issued to and in the name of the Lessee. If a certification of title is
<br />issuable with respect to the Properly, it shall be delivered to the Lessee showing title
<br />to be in the Lessee.
<br />5. MAINTENANCE. Lessor shall not be obligated to make any repairs or replace-
<br />ments to the Property. At its own expense, Lessee shall service. repair and maintain
<br />the Properly in as good condition. repair, appearance and working order as when
<br />delivered to Lessee hereunder, ordinary wear and tear from proper use alone except-
<br />ed, and shall replace any and all pans thereof which may from time to time become
<br />wom out, lost, stolen, destroyed or damaged beyond repair or rendered unfit for
<br />intended use. for any reason whatsoever, all of which replacements shall be free and
<br />clear of all liens. encumbrances and claims of others, and shall become part of this
<br />Properly and subject to this Agreement. Lessor may, at its option, discharge such
<br />costs. expenses and insurance premiums necessary for the repair. maintenance. and
<br />preservation of the Properly and all sums so expended shall be due from Lessee in
<br />addition to rental payments hereunder.
<br />6. ALTERATIONS.
<br />(a) Lessee may, at its own expense, install or place in or on, or attach or affix
<br />to. the Properly, such equipment or accessories as may be necessary or convenient
<br />to use the Properly for its intended purposes provided that such equipmeni or acces-
<br />sones do not impair the value or ulilrty of the Property. In that event all such equip- i
<br />ment or accessories shall become the property of Lessor together With the Property.
<br />(b) Without the written consent of Lessor. Lessen shall not make any other
<br />alterations, modifications or Improvements to the Progeny except as required or per-
<br />mitted hereunder. Any other alterations. modifications or Improvements to the
<br />Properly shall immediately become pan of the Property, subject to the provisions
<br />hereof. Without the prior written consent of Lessor. Lessee shall not affix or attach
<br />any of the Properly to any real property. The Property shall remain
<br />personal properly regardless of whether It becomes affixed or attached to real prop -
<br />any or permanently rests upon any real properly or any Improvement thereon.
<br />7. DAMAGE TO OR DESTRUCTION OF PROPERTY. Lessee shall bear the
<br />entire nsk of loss, damage, theft, or destruction of the Property from any and every
<br />cause whatsoever and no loss, damage. thell, or destruction of the Property shall
<br />release Lessee from the obligation to pay the full amount of the rental payments or
<br />from any other obligation under this Agreement.
<br />(a) In the event that all or any pan of the Property Is lost. stolen, destroyed or
<br />damaged beyond repair, Lessee shall replace the same with like Properly in good
<br />repair of like value at Lessee's sole cost and expense as soon thereafter as possible.
<br />but In n0 event later than 60 days after such occurrence. and any such replacement
<br />shall become subject to this agreement. Insurance proceeds received by Lessor with
<br />respect to any such casualty shall be paid to Lessee if such Property Is replaced by
<br />Lessee as required hereunder.
<br />8, INSURANCE. Lessee shall, lot the term of this Agreement. at its own expense,
<br />maintain comprehensive liability insurance with respect to the Property insuring
<br />against such risks and in such amounts as are reasonably required by Lessor from
<br />time to time. In addition. Lessee shall, for the term of this Agreement. at its own
<br />expense maintain casualty insurance with respect to the Properly, insuring against
<br />customary risks with coverage at all times not less than the remaining Principal
<br />Balance determined as of the end of Lessee's preceding fiscal year. All insurance
<br />policies shall be with insurers authorized to do business in the state where the
<br />Properly is located and shall name both Lessor and Lessee as insured as their
<br />respective interests may appear. Insurance proceeds from casualty losses shall be
<br />payable to the Lessee and, at the option of the Lessee, shall be applied to either (a)
<br />the replacement, repair or restoration of the Property or, (b) payment of Balance Due
<br />Lessor las defined hereafter). Lessee shall. upon request. deliver to Lessor evidence
<br />of the required coverages together with premium receipts. In the event Lessee lairs.
<br />for any reason, to comply with the requirement of this Paragraph. Lessee shall
<br />indemnity and save harmless. and. at Lessee's sole expense. defend Lessor and its
<br />agents, employees, officers and directors and the Properly against all risk of loss not
<br />covered by insurance.
<br />9. INDEMNIFICATION. Lessee shall indemnify and save harmless Lessor and its
<br />agents. employees. officers and directors from and. at Lessee's expenses. defend
<br />Lessor and its agents, employees. officers and directors against all liability. obliga.
<br />tions. losses. damages, penalties. claims. actions, costs and expenses (including but
<br />not limited to reasonable attorneys' fees) of whatsoever kind or nature which in any
<br />way relate to or arise out of this Agreement or the ownership, rental. possession.
<br />operation, condition, sale or return of the Properly. All amounts which become due
<br />from Lessee under this Paragraph 9 shall be credited with any amounts received by
<br />the Lessor from Insurance provided by the Lessee and shall be payable by the
<br />Lessee within thirty (30) days following demand therefore by Lessor and Lessee's
<br />obligations under this Paragraph 9 shall survive the termination or expiration of this
<br />agreement.
<br />10. NO REPRESENTATION OR WARRANTIES BY LESSOR. Lessee requests
<br />Lessor to purchase the Equipment from a seller (the'Seller-) and arrange for deliv-
<br />ery
<br />ellsery to Lessee at Lessee's expense, which shall be deemed complete upon Lessee's
<br />acceptance. Lessor shall have no responsibility for delay or failure of Seller to deliver
<br />the Equipment. THE LESSEE ACKNOWLEDGES THAT LESSEE HAS SELECTED
<br />THE EQUIPMENT LEASED HEREUNDER PRIOR TO HAVING REQUESTED THE
<br />LESSOR TO PURCHASE THE SAME FOR LEASING TO THE LESSEE, AND
<br />LESSEE AGREES THAT THE LESSOR HAS MADE AND MAKES NO REPRE-
<br />SENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, DIRECTLY OR
<br />INDIRECTLY, EXPRESS OR IMPLIED AS TO ANY MATTER WHATSOEVER,
<br />INCLUDING THE SUITABILITY OF SUCH EQUIPMENT, ITS DURABILITY. ITS FIT-
<br />NESS FOR ANY PARTICULAR PURPOSE, ITS MERCHANTABILITY, ITS CONDI-
<br />TION, CAPACITY AND/OR rTS QUALITY, AND AS BETWEEN LESSEE AND
<br />LESSOR AND LESSOR'S ASSIGNEES, LESSEE LEASES THE EQUIPMENT "AS
<br />IS" AND "WITH ALL FAULTS". LESSOR AND LESSOR'S ASSIGNEE SHALL
<br />:decnbed
<br />Lessee hereby acknowledges receipt of the equipment easexwith Lessor (the "Equipment') and accepts the Equipmctionthereof as satisfactory for all purposes of the lease. T VE SIGNATORY AFFIRMS T AT HE/SHE IS A DULY AUTI/ORIZED OFFICIOF THE GOVERNMENTAL LESSEE ABOVE
<br />SIGNATURE)S -- TITLE (TYPE NAME)
<br />Ch arm n enneth R. Macht
<br />TITLE WITNESS / - _
<br />SIGNAIURE X y » /-
<br />4 '`JJI�J1(.L ,j7
<br />DELIVERY $ ACCEPTANCE DATE: «.•aa..
<br />PRINT NAME4 jlTl
<br />OFWITNESS1Lj ID. er_1_y_.. E_—Massung.,...Execl.lti.ve_
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