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HomeMy WebLinkAboutReso. 1988-371 - Approving the lease agreement between the city of redding and dictaphone corporation, and authorizing the city manager to sign same • • RESOLUTION NO. ye.. .3 7l A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING THE LEASE AGREEMENT BETWEEN THE CITY OF REDDING AND DICTAPHONE CORPORATION, AND AUTHORIZING THE CITY MANAGER TO SIGN SAME. BE IT RESOLVED by the City Council of the City of Redding as follows: 1 . That the City Council of the City of Redding hereby approves the attached Lease Agreement for public safety logging recorder and related equipment at the Police Department, entered into by and between the City of Redding and Dictaphone Corporation; and 2 . That the City Manager of the City of Redding is hereby authorized and directed to sign all necessary documents on behalf of the City of Redding, and the City Clerk is hereby authorized and directed to attest the signature of the City Manager and to impress the official seal of the City of Redding on the aforesaid Lease Agreement, when appropriate. 3 . That a true copy of said Lease Agreement is attached hereto and incorporated herein by reference. I HEREBY CERTIFY that the foregoing Resolution was intro- ' duced and read at a regular meeting of the City Council of the City of Redding on the 18th day of October , 1988 , and was duly adopted at said meeting by the following vote: AYES : COUNCIL MEMBERS: Carter, Fulton, & Johannessen NOES : COUNCIL MEMBERS : None ABSENT: COUNCIL MEMBERS: Buffum & Dahl ABSTAIN: COUNCIL MEMBERS: None ti://71 - K: MAURICE JOHANNESSEN, Mayor City of Redding AT EST: /� FORM A PROVED: /60(144, -E EL A. NIC OLS, C y Clerk RAN ALL A. HAYS, y Attorney by Connie Strohmayer, Assistant • • .. • CO. LESSEE NO. SCHED.NO. LEASE AGREEMENT • • - • • 210 1 I '1 1 1 I _ 1 1 - LESSEE • . LESSOR .. . • NAME NAME DICTAPHONE CORPORATION G 1 i-i•ii i�Fi �eipipl1 foil 1 1 - i 1 ADDRESS(DISTRICT) ii -.. POLL ici •.I Q► IPT1I I , : 1 . I , I• 1 •.- - 1g sew. 113440 -.. t2, . BILLING ADDRESS . . CITY/STATE 13130,taZeitlea;a St • - /j��jjj)��)��CITY UN Y r; t BRANCHa.,,,-:f.•,NST' r. . STATE LP BRANCH NA E • NO: .. . DISTRICT NO. 1� 61op� _ cisI Sao • EQUIPMENT LOCAT • (IF DIFFERENT FROM BILLING ADDRESS) '. SALyEP SEN ATIVE ' - - • REP.NO. "-/•� 'ADDRESS/CITY/COUNTY/STATE/ZIP 4 - I ��� LESSEE BACKGROUND ^•. [[[ L� LESSEE BILLING INSTRUCTIONS ' - ESSEE BANK NAME/BRANCHiADDRESS • .. . , -- • . -P.O/VOUCHER NO --DEEPP[AARTMENT NAME -•' - p. • .. . ._ .._.... . . ,. . ....... . . ._ ,......-_,.. .-. . - CONTq��yT,Q�NA `.,p-. `- ...PHONE NO:,tINNCLUDE AREA CO///D���E) 1.-•,..., HAS AGENCY(LES$EE)BEEN FUNDED.FOR TWO FULL FISCAL PEf1IODS 1st - WA C. .... ■�A 1' • f�Th-a-14 .�YES , 0 NO" _ , - QUANTITY -.-MODEL NUMBER •. .. - • EQUIPMENT'DESCRIPTION - r - ._ COST.-. , -- -- EQUIPMENT COST . - 1 a '_L Y :2. IS . FR 26� • - '• ■- .._ TRADE-UP --,=- -9i -20 - - 1 = - e °-- -(1 T TAX f A • - -_.._--__��_____.__ 7���rP�6a 15/ j 1 ....,�� �L_. ' ,----$Q_r ._.—. SUB TOTAL • J , erg �Ap•� J 10 A Jp�J ,---..3 -----.._.5715 —rri____._...____5-811_W ._. ` ,—, ----- —_j_ -•?- . _. _U!_?_{,,�_.. T A �►� 111 S� ee ' 111 DiStIAAAJ°. .• ...1: 1:' C. 1 deo.) �A OTAL COST : -• • . . .EQUIPMENT-COST 4O5 , 7���20 . w� • LEASE PAYMENTS -TERM OF•LEASE(MONTHS) - NUMBER OF PAYMENTS PAYMENT FREQUENCY .. AMOUNT( CH PAYM T) ;O T a I �r�� . •l • • 1$ '4$3 .11 LEASE DEPOSIT(SEE PARA.2) . - , TRADE-IN EQUIPMENT IF ANY)OWNED BY ' TERMINATION CHARGE(SEE PARA.10) 0 PBCC . CUS70MER nOTHER $ �--' - ISPECIFYI `1 • . • . - e FOR OFFICE USE ONLY DEFERRED INTEREST.AMOUNT } J • - De erre mteres!charge�s� f rity,in the amount indicated at left,are included in the lease payments to be made $ .,. t�_•*` thhthVerrrf dais IeT l TERMA��1 CONDITIONS OF LEASE • The undersigned Lessee hereby requests Lessor to lease the personal property described alro ve or on any schedule attached hereto(herein called"Equipment')on the terms and conditions Of the lease herein set forth and on the reverse side hereof.This of ler to lease shall not be valid and enforceable unit wrojten acceptance hereof shall be signed at Lessor's home office in New York by an authorized employeeof Lessor.Upon such signed acceptance,Lessor agrees to lease the Equipment to Lessee.All lease paynlents�n other amounts due to become due.Termination Charges and Lease Deposit shal l be payable to Pitney Bowes Credit Corporation,P.O.Box 5151,Norwalk,Connecticut 06856. JJ�� ' 1.NON-CANCELLABLE LEASE-This lease cannot be cancelled or terminated except as enpressly provided herein 4' 2.LEASE DEPOSIT.Lessor shat l ret ai n the Lease Deposit tit any)specified above as secJliyor rperlor mance by L essee of its obligations under this lease.The Lease Deposit shall be non-interest bearing.a nd if Lessee shall default in the performance of its obligations hereunder.Lessor may.at its option,apply Mei ease Deposit to the curing of that default.This application by Lessor shall not bea defenseto any action by Lessor arising out of the default,and upon demand,Lessee shall restore the Lease Deposit to its lull amount If Lessee is not in default under this lease.the Lease Deposit will be returned by the Lessor tothe Lesseeat theterminationol this lease,except as provided in Paragraph 10 of this lease. l".7 may.6 !q.•cr., -' 3.ASST Ntvrt ji l FFSQ7:Without L�essor;s:prior written consent.Lessee shall not assign.sublet.or lend Equipment or permit it to be used by anyone other than Lessee or Lessee's employees. Lessee hereby abkndwledges receipt otnotice that Lessor intends to assign its rights under this lease and to the Equipment to Pitney Bowes Credit Corporation.72 Heights Road.Darien.Connecticut upon theterms and conditions set forth herein.Assignee shall 4=1 of the rights,but none of the obligations.of Lessor under this lease.Lessee shall not assert against assignee in any action brought to recover possession of Equipment or tSchllect un id teasebAlanaes on oIhe es any deferfte.'pountercJaim o.ortfat Nat Lessee may have against Lessor..and Lessee's liability to assignee.shall be immediate and absolute upon assignment. a{)wi(i ndin4 ray su4C essjgilm`e�'nt L,a�((ss,o'r arrants that Lessee shall quietly enjoy use of Equipment subject to theterrns and conditions of this lease.Subject to the foregoing,this lease insurestothe benelitzt n pdn. CsuCGEs�olf:i sA!9tt3t,,the parties hereto. - 4 LEASE PAY KNENTS:.TERM'Lesseeshall paythe Leasepayments.the number and amount of which are shown above.thelvst ofwhrchshall bedueonthecommencemenl date forpaymentsasdefinedin Paragraph 8,Acceptance.Subsequent payments shall be due on the same day of each month(or other calendar period indicated above)thereafter.Lease payments shall be due whether or not Lessee has received any nolicethat such payments are due. - T he term of this lease commences upon the date of written acceptance by the Lessor(the"Commitment Date")a nd en ds upon payment by the Lessee of the number of lease p ayments shown above subject howe(er t o earlier cancellation or termination as hereinafter provided.Lessee acknowledges having been offered the choice of purchasing Equipment at the TotatCostset forth herein or leasingon the deferred feasepayment schedule specified herein,and has elected to lease. •. - -- • - . , S.EQUIPMENT DELIVERY Lessee shall arrange for delivery of Equipment so that it can be accepted in accordance with Paragraph 8 hereof within ninety days after thedateof acceptanceotthis lease by Lessor(the "Commitment Date").Lessee hereby authorizes Lessor to insert in this lease the serial numbers and other identification data of Equipment when determined by Lessor. THERE ARE NO WARRANTIES EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY BEYOND THOSE STATED HEREIN OR WHICH EXTEND BEYOND THE DESCRIPTION OF THE EQUIPMENT. PBCC 27 12/83(M-164) SEE REVERSE SIDE FOR ADDITIONAL TERMS AND CONDITIONS WHICH ARE PART OF THIS LEASE. • • r r, risks tleuribed in subsection :>... eel a3a�'xdd leo 7 PRODUCvi WARRANTY.All necessaryaCjusftnents of Equipment p hereunder not occasioned by (blot graph,Lessor may waive themsuranCerequfrementsaettorth harem 'accident mi:•itise Oi through fault or negligence barite Lessee shrill be ma lessorautseepense including 16.TAXES--LIENS.As directed by.lesseestall pay all chargesand taws{localstataandfederalqiihch , I transportation-costs;if any.during the first sixrrtonthxpenod after acceptance by the Lessee All' Equipment —may now or hereafter be imposedorleered upon the sale,Purchase:ownership 7easing serotcfng posaes$ign or'q procured hereunder is-guaranteed for a period of ifs(8)months from date of acceptance.During the gkiarantee'. use of Equipment,excluding however,all taxes on or measured by Lessor's,nel income L'esseesftatt*aep�0. period alt broken or defective parts not Caused byaccident,misuse or through faun or negligence by the Lessee-l. Equi pm cit free and clear of all levies..1iens.and encumbrances.. b.' . v..* A, will be replaced,andall necessary Equipment adjustments occasioned by such defective parts will be made,at the : 17 LESSOR S PAYMENT.'it Lessee failsto provideormarnta-nsaitlinsuraneetopaysaidtharggeSendtazes 0 Lessor's expense.including labor,parts and transportation.rt any.The foregoing guarantyprovisions apply only ' to discharge said leviesliens andencumbrances.Lessor shall have therignt'piitspelll notbboblitired-teobttm .,when recommended recording media are used and when all work is performed by authorized personnel of Lessor. t such insurance:pay such chargesareftaxes.ciretfect yucn dIscharge.7n tat"e f'nti esedela.11repaytiltssori' the cost thereof with the nedttease paimet11. y"r+ a .9. s ,f az'°,f?"'yes-7 s d- Lessor's obligations hereunder are limited tessurrepair or replacement of broken or detective parts.ivga,diag __._ . _. 'against .K,g),„ ,,,,a,rl,�. instaliation'costs there!ore,or the option of Lessor.to refund of the lease payments paid:The foregoing arethe• 18.1N INDEMNITY Lessee ghee'indemnify Les o any and 91I Cla hes„achonS damages mcludmgi'�- Lessee's exclusive remedies Lessor assumesmo tiabddyfor special or consequential damages reasonable attorney's fees.obligations.liabilities arid liens arising'out of thelpurchaae ase possession : 3.SER VICE.Unless Lesser elects otherwise by atfixin§its signature in the space indicated seine.Equipment operation-condition.return or useof Equipment or byopeato,GAM w.Lesseeagr ehth'tup Wniten rloticeby-I will be maintained by Lessor for thedurationo(thetermol this lease underits'Assured Performance Pian',and the' Lessor of the assertion of such a claim,action damage.Oblgalion„lability,gr er sse4 ahallas$irjte full ,• COSI therefore She be included in the Lease'Payments set f pith above.Under the Assured PertornanCe Plan,:.. 'responsirtitity for the defense(hereof.The provisions 0f4his`paragraph-shalt sllrvive`tehrl{Inatibh M{jj thi9e s Lessor shall maintain the Equipmentcovered hereby in an of ficient operating condition.including shoprepairsor ''19.SERVICE CHARGE 1t(Lessee fails topaywhendueanytease payment diurnal arkentraqufred hereintobe. overhauls ifdeemed necessary by Lessor - , paid to Lessor.Lessee sha8 pay'to Lessor a monthly eery ice charge of$3.046,ddttro tosuch outstandrIg^?” - All parts necabsar yes replacement parts will belurni shed without chargee xcept when caused by fire,iloodor balance - ,_ t`i'1 - - •r 1 ,v, it '41ig f Sn,1, , other casualtyraccident,abuse,or power line fluctuations:-oras specified herein-The labortost for repair or-- 20:DEFAULT�(a)11---Les see fails to pay M when due any lease paymentotheral io nC uNe4lherenter epard • replacement of.record or reproduce head assembliesassociated with multi-channel recording endreproducing-i•, by Lessee:dr if Lessee tails to parlor m any otherprovisiop hereof withinl0>(fay§'efterles5orsh01t1)avedemendedr equipment is covered by this agreement.Parts for repair or replacement of eco dot eproduce headassemblies iner riling-.pert or ma ice thereof,or if a petition is li led by.or against Lessee unier,the8ankru`pfcyAct onf Lessee' will be billed at current I st prices. - t ''. (has breached airy gther'yease or agreement between Lessee end Lessor'Lessor ttaxs essor_s 'eheeignty shall xl ' No:charge wilt be made for necessar yserviCe calls between regular inspecfons"duri rignorrelal worktpg hours„_,,have the�ight to exercise any One or more of the following remedied(r(Lessor,may eefeom'Lessaeafllease '- ekceptwhencausedbylire,flood OrotheicasuaIts,.accident;abuse.orpower line lluclualions Servicecalls after °paymentsand other amounts.then duaandasthey shall thereafterbearnedt�pR,berdCgder(exceptingunearnedl= normal working hours will be charged for at 1',h limes the standard hourly rate -.service receivable.if any):(ii(Lessormay take possession of any O all itemso(Equipreent5whereversamemay be; Expendable batteries and accessories not listed on the facepeieot are not included under this agreement. 'located,without demand o'notice.without any court Order Or other processbf tawSndwithOut liabilitytoLessee • Duringpenodic inspections to be performed during regularbusiness hours.Lessor will check alladiustments. 'for any damages occasioned by such taking of possession Any such taking Ofposses§eonshaltnotconstilutea- correct any malfunction.replace worn parts bet ore--down-time”occurs.lubricate all movingparts with correct-. termination of this lease.(iii)Lessor may recover Irom Lessee.with respect to any and all items of Equipment.all amount of lubricant.completely clean the machine and check interlocks,warning devices and overall operation-; - lease payments and other amounts(excepting unearned service receivable:it any)due,,and to become due. 9.ACCEPTANCE.If Lessor so requests.Lessee shall furnish to Lessor a written statement(a)acknowledging.':. provided,however.that upon repossession or surrender of Equipment,Lessor ma`ySetlototherwisedispose of• receipt of Equipmenlingood condition and repair(b)accepnngpassatistaclory in ail respectslortrtepurposes of a Equipment,with or without notice and on public or private bid,.andapply the flet proceeds'thereptr(aher this lease.The date of receipt and acceptance or Equipment(or any later date that Lessor chooses!snail be the '' deducting all expenses.including attorneys.fees.incurred in connechonaberew th)Flo..the ottier,pa'yri eats commencement date'tor payment Notwithstanding that Lessee shall not have furnished Lessor such a written..: received.In the event Lessor is'unabletoseltor otherwise aispose of Egam ipent'wlthm araasbriableLme:Lessor statement.Lessee shall.by its making the first lease payment alter delivery of the Equipmenthe deemed to have y' may recover from Lessee an amount not less than Me sum of the lease paymentsandotheramounts as set forth IN - ' ,so acknowledged receipt and acceptance of the Equipment on the date sel forth in Lessor's(or assignees)in voice iy,(i)above and,all expenses inctio i a QTaey s fees.incurred in taking possesstonof Equipment,'(Iv)Aptoany” �for such first lease a ment,which date shall be noteSrb er.than:the delivery.date of Equipment , item or demi-tot.E of merit w tt,es t to which this'lease is terminated - er.WOO-,.'e. P Y N - q p De by Lessor Lessormay reedy ' - 9.TERM INAT I ON BYLESSOR.11,wn-in90 days aftertheCommn men Date:Equipmenthasnot been dehvered':: Lesseeastoeach'saldltemtheworthatthetimeotlsuch lerminationottheexcess?Ilan the8easepayrn'6nts';< toLessee a nd accepted byLesseeasprovided eparegrapfi 8 hereof:Lessor may,at its optiore ler mmatethlsteese --reserved'treres tar sardiitemaex'ceplrnguriearned'setsice receivable,fany)fpahe'b�tatsce'iiSt,(ha rmiheteof;:; .and its obligations hereunder at any time atter the expiration of such 90 days .:e r ^'. .L -Overige they reasonable ntatealue of said Nem to he same period oft e l is esso'may,purs any pother.•;. 10.NON-APPROPRIATION.Lenseewerrants that it has funds available to rem it lease payments until theenejol'+' remedy.et taw ot'rn egUd{'`,"chr•..<x, -.'e.t'e., .•„X-'k'..,' i,d"eir't . "q,>w'' l,-*'#t 'd LI. L. -its current-appropriation period and warrants that it wiltrequest;finds to make payments in each appropnat ion-.=---=(bl'A ter niihati on hereundeb-Shatf0CCtil,onl�upon mitten notice by.Lessor.toLP.sbeanflon yit,t,f iespeotto..) -?.per rod tram now until the end of t he lease term If Lessee:periotlicatly requests from nslegistat ve body or funding7,;,.such item or items of Equipment as Lessori speciI cally elects to term inate•tnau¢hnoticeij4”'+,.- ,.t•r O'j'ea,, ='t -- authoritylike,tobe dbolessor under this lease and.notwithstanding themakin i �•.cr v ��,N psi ng gingoodfannolsuch.request{--.•:..(c).No right or remetly.hereinconterreduponorteservedfo.Lessorasexctuswe.o(any nghlgrremedyherem or:<, '.1ih`accorda e,wtth-app(Opriale procedures and•with the''exercise of reason able:'care and Ciigence.such;` )`by law,or equity-,provided,or'per mi ll -q,-but each stall-be cumulative of eryr Ther ng Lorsremedy goen;,.: ..legisative body or funding authority does not appropriate funds to be paid to Lessor foctneE qui parent described f,}'hereunoer.ornow or hereafteye(iss4ng al�law ort n equity. - -C ("s;fit;.- '• i.. •ix-it in this lease.Lessee-may:upon written nobcetoLessoreftective 60 days atteet hegi'ving of such notice oruponthe -",..,.:1„21',LESSOR'S.EXPENSEt Lessee'shallpeyEessor all costs and expenses din reasonable attorney's fees.- •exhaustion of the landing authorized for the then current appropriation period,whichever is tater,return Inc,'_• the fees of the collection.agencies.and other expenses incurred by Lessor in enforcing any of the terms, -leased Equipment to Lessor.at Lessee's expense;and thereupon.be released of IIs obligation to make all.lease cbndil ionNorprov,i5 ton s hereof.- , "-x- • payments to Lessor due•thereafter.,provided:IITrieegtirpment is relurnedtoLessOr asprowdetlinParag apn43;L3e,'S;�2.'TITLE:PERSONAL I*OP, 1Ty_.:Titl�,otthe Equipment and any end alt,,rept t3?substitut bis Viand .Iii)the foregoingnot ice states the failure ofthelegislahve body orfundingau!horilbtoappropnatet he necessary -repairs thereto shall pass to-Lesse"upon,installation, however,"Lesser and-•.Lessee agree'that,title.shall funds as reason for cancellation.and'(iii)the nonce is accompanied by payment of an amounts then due to Lessor automatically revert to theLessorin the event of default under Paragraph 20o'terrtilnattOnby the Lessee in under this lease (, • ' ' •, , accordance with'the eovr tons. I'pera ra,h"10 hereof.Equipment.is,and shatt,at" tidies"be.and remain, ' - P 9 p.l � all In the event Lessee returns the Equipment pursuant to the terms of this paragraph.Lessor snan.reta nail sums--"personal properly notwittistandin�that Equipmentor any part tfiereol may now Deorflereaherbecomeatlached paid hereunder bytressee.including Lease Deposit•,tif any).and in addition.Lessee shall pay'to Lessor the to real property or any improvements thereon. : $ • Termination Charge(if any)specified above - • i i ' • er r$,3: '"r is' ` .: - ;y n23.NOTICESCES$Br cti a addresnotiCes forrth abbove,Or at sucha Cher addresses"'aidbai't rria Mailed a nt rlt ng i '11lheyovi5ions0l thisparagraph arP,unlizetl byLe55ae.LCSSee agrees not to purCha,SPaeaSepnenl equip nei8_=:}nvplvetlal therespective address ser forth above.-0r at other address as9aitl party may';pfOytde m;Wrinng performing to0ctions similar to those pertormedthrough the use Of the Equipment described hereunder for the from lime to time An,such notice mailed to said address shalt be el fectl ewhendepOsited)nthe United Stales balance of the apprdpriation period following Lessee's exercise of Is termination•r ghts hereunder I ,marl duly addressed and with postage prepaid .r k":'-- •_ 11 LOCATION INSPECTION Equipment shall be delivered to and shatt not toe removed from the'Ega omen s*• ` 24 REPRESENTATIONS OF,LESSEE lessee wa•ranIS nal:l is a puSi cbuidy;corporate-and politic ands Location shown above.or if none rs specified.Lessees billing address snowy above.withouf Lessor s-prior authorized by the,Constdutwn andlav:sol itsStatetoen•er ntolnelransactipnscontemplateb by this leaseano to written consent Lessor snail have the tight to inspect Eou pmen,at any.reasonable time• carry out is obl,gairons hereunder.Lessee has been du'.,authorized by a'Resolutrpn of‘theGoverning Body. ' 12 REPAIRS'USE ALTERNATIONS Lessee at,is own cost arde.pense snallkeep Eoi p e.t•n goptlrepav (which Resolution.if requested by Lessor:s attached be tato)loexecuteand deliver this leaseandagreesfhat will condi1on and w orking order.shalt use E quip en;lawfully ane shad .i nota)ter Eqpmen' thoutl?es,or senor do or cause totegone things necessary to preserve and.Seep in full force andellgct dsedistence Lessee further written consent warrants that all procedures Save been met so that this lease R enforceable ' . 13 SU h tOher R Upon essee demand Lessor made turpursuant loPaiagraph20 or upon lermnecona criar edell In 25 SECURITY AGREEMENT To secure the payment of the foregoing lease payments.and any and an paragraph l0 hereof,Lessee.at Its expense.shall return Equipment bydebvenng'I c:the sa.meconenon as when Itabadies6.due'or to become due.niaw existinghfter arisin collectivel called tease Paments of the delivered to Lessee.reasonable wear and tear excepted.IC such place or on boar d'5ue.h carne, pacxed for or hereafter 9 Y Y shipping as lessor may specify •undersigned to th 'S e Lessor.the undersigned Lessee grants to the Lessor as theecured-Party a security Interest coveting all of the property included m the Equipment Description above and all add tions„attachments IS LOSS OR DAMAGE Lessee shall bear the entire tisk o11os5.Nett.destruction or damage Ot Equipment or accessions andsubstoutrons thereto Or.therefor mcludm future or other obi ations to a and Coveringafter • any item Thereon to remit tea s or Damage)Ir1m any cause waeloe un r NO Loss or DarnIn ell ge snap rel neve Lessee acquired Equipment to be maintained at the address of Lessee. g P y ,any the shalttron'toremit lease pay meetsOr of any otpaymntsann under this lease In event of Loss or Damage. - - - &'.: ie..i"rl', sy '�:, _26.SEVERABIL IT.Y.If any of the pronstpns hereof are.in conflict with any applicablestatirlepr ruleol law then Lessee shall pay t0 Lessor the sum of the total lease payments and other amounts due and to become due a e such provtsons shall be deemed Inoperative to the extent that they may conflicttherewthand shallee deemedtc t5 he Equi INSURANCE Lessee shall or Ovide maintain and pay or(at ns payabaga mst thetossor then ofd damage:'-- be modified to conform with such statute or ruleof law Y1`-x4 ^lr brY to the Equipment,for the full replacement value thereof with loss payable to Lessor.and lb)insurance with.-.--- - - - eine - _ e - --- y y I y 9y damageg p -'4,MISCELLANEOUS This in sirumenLipdudrnganyendorsementshe etaCo sttuteslhe¢ntrea reemenf respect-t0 habslet' for bodily mar includin death and property nsure'. from the ewnershi ll a re rte maintenance.eSeoroperatiOn of theE quipment.naming L essor as an addrhonal insured All insurance shalt be rn . hberetoprovision ofLethissee.as rtsn be Waived the by Ponen'agreemeni%eild-shall ret de form and amount and with companies satisfactory to Lessor and shall contain the insure's agreement to give 30 hereto No provis tonof ieease'can bewaived except bythe writtennsotct,Oti.a nil trier shall provide g y polis ofinsurance' Lessor with,Such corporals-and-or governing body resolutions.opinions of coil nil Iffier documents as Days written nonce Il Lessor before dancer material chap a titan y Upon written - request.Lessee shall deliver the policies or copies thereof or certificates of insurance to Lessor Upon written Lessor shall or'S nohtSa dint rest b'Le58ee shall execute such dOcu menisa5 Les50f 5h3t1(equesi grregLire tO request by Lessee to Lessor acknowledging Lessees responsibility assell-Insurer for the Equipment or nor the Protect Le580r'S rigm5 and interest hereunder. --, t§=s:zz yo, penr'tln S X, ,y c I do not desire the service provided under the Dictaphone Assured Performance Plan a-` i NOTICE TO THE LESSEE. Do not sign this contract before you read it.You are entitled to an exact - - copy of the contract you sign. nature) I ACCEPTED: , -. • .-:. - flq-jii6L--c-7 • DICTAPHONE CORPORATION,LESSOR 6_,C . 0r.” ,LESSEE By: By • (Signature) ISignafuret ® (Title) V fTtle) (Commitment Date) - (Commitment Dare) : " ASSIGNMENT FORM APPROVED For valuable consideration,the receipt of which is hereby acknowledged.Dictaphone Corporation1iC. 41(Lessor)assigns.without recourse,to Pitney Bowes Credit Corporation,201 Merritt Seven,Norwalk, �/QQ .- Connecticut 06851(Assignee),the above lease,all right.title,end interest in,to and under the same and •�s� ---" - in and to the Equipment therein described,with authority to take.either in its own name or in the name of CITY LEGAL.A 1 D e the Lessor.but for its own benefit,all such proceedings,legal or equitable,as the Lessor might have 1 LLVI'1L taken but for this assignment • - ` DICTAPHONE CORPORATION(Lessor) - The Lessor hereby warrant_that such lease represents a valid deferred payment obligation,for the amount therein set forth,of a bona fide Lessee,as therein described.having legal capacity to enter into . the same;that such lease is genuine in all respects:that a))statements of facts within the knowledge of Lessor therein contained are true;and that the Lessor has no knowledge of any facts which impair the validity of any such instruments. By. , .