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Agenda - 06-18-2013 - 5l
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Agenda - 06-18-2013 - 5l
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Last modified
6/9/2015 4:49:39 PM
Creation date
6/17/2013 9:25:19 AM
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BOCC
Date
6/18/2013
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5l
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Finance agreement -Approval of Orange Grove Station #3 Finance Agreement from 6-18-2013 BOCC meeting - Agenda Item 5L
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\Board of County Commissioners\Various Documents\2010 - 2019\2013
Minutes 06-18-2013
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\Board of County Commissioners\Minutes - Approved\2010's\2013
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11 <br />Section 13.5. Captions. The captions or headings in this Agreement are for convenience only and in no way define, limit or describe the <br />scope or intent of any provisions, Articles, Sections or Clauses hereof. <br />Section 13.6. Further Assurances and Corrective Instruments. Lessor and Lessee agree that they will, from time to time, execute, <br />acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as <br />may reasonably be required for correcting any inadequate or incorrect description of the Equipment hereby leased or intended so to be, or <br />for otherwise carrying out the expressed intention of this Agreement. Lessee hereby authorizes Lessor to file any financing statement or <br />supplements thereto as may be reasonably required for correcting any inadequate description of the Equipment hereby leased or intended <br />so to be, or for otherwise carrying out the expressed intention of this Agreement <br />Section 13.7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State. <br />Section 13.8. Usurv. It is the intention of the parties hereto to comply with any applicable usury laws; accordingly, it is agreed that, <br />notwithstanding any provisions to the contrary herein or in any Equipment Schedule, in no event shall this Agreement or any Lease <br />hereunder require the payment or permit the collection of interest or any amount in the nature of interest or fees in excess of the maximum <br />amount permitted by applicable law. Any such excess interest or fees shall first be applied to reduce Principal, and when no Principal <br />remains, refunded to Lessee. In determining whether the interest paid or payable exceeds the highest lawful rate, the total amount of <br />interest shall be spread through the applicable Lease Term so that the interest is uniform through such term <br />Section 13.9. Lessee's Performance. A failure or delay of Lessor to enforce any of the provisions of this Agreement or any Lease shall in <br />no way be construed to be a waiver of such provision. <br />Section 13.10. Waiver of Jury Trial. Lessor and Lessee hereby waive any right to trial by jury in any action or proceeding with respect <br />to, in connection with or arising out of this Agreement. <br />Section 13.11. USA Patriot Act Compliance Notification. Lessor hereby notifies Lessee that pursuant to the requirements of the <br />USA PATRIOT Act (the "Act"), it is required to obtain, verify and record information that identifies Lessee, which information <br />includes the name and address of Lessee and other information that will allow Lessor to identify Lessor in accordance with the Act. <br />Lessee shall, promptly upon Lessor's request, provide all documentation and other information that Lessor requests in order to comply <br />with its ongoing obligations under applicable "know your customer" and anti -money laundering rules and regulations, including the <br />Act. <br />[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] <br />10 <br />5/16/ 2013: BQ- ESCfamtem.D0C /rev.01 /04.st1 <br />
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