Orange County NC Website
DocuSign Envelope ID: 3F0F44D1-0249-418D-A8C6-A7EDC761 CC87 <br /> AMENDMENT TO MASTER WALKAWAY LEASE AGREEMENT <br /> THIS AMENDMENT("Amendment')dated this day of ly 2017 is attached to, and made a part of, <br /> the MASTER WALKAWAY LEASE AGREEMENT entered Into on the day of July,2017("Agreement")by and <br /> between Enterprise FM Trust, a Delaware statutory trust("Lessor)and Orange County. North Carolina ("Lessee"). <br /> This Amendment is made for good and valuable consideration, the receipt of which is hereby acknowledged by the <br /> parties. <br /> Section 3(e)of the Master Walkaway Lease Agreement is amended to read as follows: <br /> (e)If Lessee falls to pay any amount due under this Agreement and any such failure shall remain unremedied for ten <br /> (10)days or to comply with any of the covenants contained in this Agreement,Lessor,Servicer or any other agent of <br /> Lessor may,at its option with notice to Lessee,pay such amounts or perform such covenants and all sums paid or <br /> incurred by Lessor in connection therewith will be repayable by Lessee to Lessor upon demand together with interest <br /> thereon at the Default Rate, <br /> Section 3(f)of the Master Walkaway Lease Agreement is amended to add the following additional paragraph: <br /> In the event Lessee notifies Lessor of any claim or dispute under this Agreement, and/or any claim Involving the <br /> Vehicle, Lessor will, In good faith, attempt to resolve the Lessee's claims In a manner satisfactory to all parties end <br /> Lessor will provide commercially reasonable assistance to Lessee in any communications and/or negotiations with <br /> the Vehicle's manufacturer with respect to claims relating to such Vehicle. Notwithstanding the foregoing, the <br /> Lessee Is not waiving its right to otherwise pursue claims against the Lessor in any manner not inconsistent with the <br /> provisions of this Agreement, <br /> Section 9(b)of the Master Walkaway Lease Agreement is amended to read as follows: <br /> (b) LESSOR MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, WITH <br /> RESPECT TO ANY VEHICLE,INCLUDING,WITHOUT LIMITATION,ANY REPRESENTATION OR WARRANTY AS <br /> TO CONDITION, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, IT BEING AGREED <br /> THAT ALL SUCH RISKS ARE TO BE BORNE BY LESSEE TO THE EXTENT ALLOWED BY NORTH CAROLINA <br /> LAW. THE VEHICLES ARE LEASED AS IS," WITH ALL FAULTS," All warranties made by any supplier, vendor <br /> and/or manufacturer of a Vehicle are hereby assigned by Lessor to Lessee for the applicable Term and Lessee's <br /> only remedy,if any,is against the supplier,vendor or manufacturer of the Vehicle. <br /> Section 9(c)of the Master Walkaway Lease Agreement is amended to read as follows: <br /> (c)Except in the event of the negligence or willful misconduct of Servicer or any other agent of Lessor,to the extent <br /> allowed by North Carolina law, none of Lessor.Servicer or any other agent of Lessor will be liable to Lessee for any <br /> liability,claim,loss,damage(direct, incidental or consequential)or expense of any kind or nature,caused directly or <br /> indirectly, by any Vehicle or any inadequacy of any Vehicle for any purpose or any defect(latent or patent)In any <br /> Vehicle or the use or maintenance of any Vehicle or any repair,servicing or adjustment of or to any Vehicle,or any <br /> delay In providing or failure to provide any Vehicle,or any interruption or loss of service or use of any Vehicle,or any <br /> loss of business or any damage whatsoever and however caused. In addition,none of Lessor,Servicer or any other <br /> agent of Lessor will have any liability to Lessee under this Agreement or under any order authorization form <br /> executed by Lessee if Lessor is unable to locate or purchase a Vehicle ordered by Lessee or for any delay in <br /> delivery of any Vehicle ordered by Lessee, Notwithstanding any provision contain in this Agreement to the contrary, <br /> Lessee shall not be liable to Lessor for any consequential, incidental, punitive or special damages of any kind <br /> (including,but not limited to,lost profits)arising out of this Section 9(c). <br /> In the event Lessee notifies Lessor of any claim or dispute under this Agreement, and/or any claim involving the <br /> Vehicle, Lessor will, in good faith,attempt to resolve the Lessee's claims in a manner satisfactory to all parties and <br /> Lessor will provide commercially reasonable assistance to Lessee in any communications and/or negotiations with <br /> the Vehicle's manufacturer with respect to claims relating to such Vehicle. <br /> Section 10 of the Master Walkaway Lease Agreement is amended to read as follows: <br /> To the extent permitted by North Carolina law and without waiving governmental immunity, Lessee assumes and <br /> agrees to bear the entire risk of loss of,theft of,damage to or destruction of any Vehicle from any cause whatsoever <br /> ("Casualty Occurrence").In the event of a Casualty Occurrence to a Vehicle,Lessee shall give Lessor prompt notice <br /> of the Casualty Occurrence and thereafter will place the applicable Vehicle in good repair, condition and working <br /> order, provided, however, that if the applicable Vehicle Is determined by Lessor to be lost, stolen, destroyed or <br />