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5833 AUTHORIZING AGREEMENT FOR LEASE OF DATA PROCESSING EQUIPMENT
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5833 AUTHORIZING AGREEMENT FOR LEASE OF DATA PROCESSING EQUIPMENT
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Last modified
10/17/2016 4:47:12 PM
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10/17/2016 4:47:11 PM
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Resolution/Ordinance
Res Ord Num
5833
Res Ord Title
AUTHORIZING AGREEMENT FOR LEASE OF DATA PROCESSING EQUIPMENT
Approved Date
6/25/1973
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Lease Agreement No. ....391 <br /> 141achine Schedule .............1........ <br /> IBM 370 CONVERSION RIDER <br /> � At any time after....l�._..... months from the Commencement Date of the above ; <br /> Machit�e Scheclule, ITEL shall, upon request, use its best efforts to assist Customer <br /> , in arrangit�g a lease of an IBM 370 in replacement for the IB1�7 3b0 leased here- <br /> under. "I'he charges of ITEL for such services, the rental rates and other terms of <br /> the 37Q lease shall be subject to negotiation. In the e��ent that the 3701ease is entered � <br /> into, Custonler may terminate the above �Iachine Schedule pursuant to the Early <br /> Termination Privilege Rider without payment of any early termination premium <br /> otherwise due thereunder. <br /> In addition to the above, any lease enter� into with I�.1�L <br /> for a _lease on a 370 will be at a rate less than any of_fered by <br /> I��'i to Customer for a ccgn�anle term, but for no fewer months <br /> than the tenn remaining in the above Nlachine Schc��ule at t�me <br /> of negotiation. . <br /> In the event that ITEL .�xercises its option to nat arrange a <br /> lease for a 370 to Custamer or provide a 370 from its inventory, . <br /> C�.stomer may termi_nate this agreanent with notice specif ied <br /> herein, with no penalty for early terriination. <br /> MDG 2/1/72 , ' <br />
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