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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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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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r <br /> � :.�10.' �'a�ent Infringement. <br /> � If notified Promptly in �vriting of any action brought or threatened against Customer based on a claim that � '� <br /> the machines infringe a United States patent, ITF.i,, or its ciesignee will defend suc}i action at its e�pense and will ', <br /> pay the costs ancl damares a��•arded in any� snch action, pro�-ided ITEL or such designee shall have s�le controt of the <br /> defense of any such action anc] all negotiations for its settlement or compromise. In the event that a fitial injunction <br /> . shall be obtained against Customer's use of the machines or any of their parts by reason of infringement of a ^ <br /> United States patent, or if in ITEL's apinion the machines are likely to become the subject of a claim of infringe- <br /> ment of a United States patent, ITEL wiil, at its option and at its expense, either procure for Customer the riaht <br /> to continue usin; such machines, replace or modify the same so they become non-infringing, or terminate the <br /> applicable �llachii�e Schedu!e as to such machines. IT�L shall not have any liability to Customer under any <br /> provision of tnis clause if any patent infrin�ement or claim thereof is based upon the use of the machines in <br /> combination �,vitli units or de��ices not furnishe�l by ITF_L or in a manner for which the.machines were not designed. <br /> The foregaing states the entire liability of ITEL with respect to infringement of patents by the machines or any <br /> part thereof or by their operation. � <br /> 11. Default; Remedies Upon Default. <br /> Should ITEL default in performance of any of its obligations under this Agreement for a period of ten (10) <br /> days after receipt b}� ITEL of notice thereof from Customer, Customer may at its oPtion terminate this Agreement <br /> or any 1�lachine SChedute subject hereto upon pa}�ment to ITLL in fu11 of all sums then due to ITEL hereunder <br /> and redeliverv of the machines to ITEL, and ITEL shall be tiable for reasonable damages as <br /> p�����I 1 C•,.�tomcw cie�u�te�i� in h�ie pa�nEent of any sumto�mouey due her�undea t�e}onci the�tenth (lUth) o f �� <br /> iou c <br /> day after such sum ��:as due or (ii) in the performance of any other of its obligations under this Agreement for a y <br /> period of ten (10) clays after receipt by Customer of notice thereof from ITEI. or (iii) cease doing business as � <br /> a going concern, become insolvent, cornmit an act of bankruptcy while insolvent or become the subject of any y <br /> proceecling under the Sankrt�ptcy Act or attempt to remove or sell or transfer or encumber or sublet or Part with � <br /> possession of the machines, then in any such event ITEI. may at its option do any or all of the following: (1) o <br /> roceed b a io�riate court action either 2t law or in e uit to enforce t formance h Customer of the a licable � <br /> P Y PP" E , n Y Pe' Y PP <br /> terins and condi:ions of this Aarcement or any ?1lachine Schedule or to recover damages for the bi-each thereof; �° <br /> (2) terminate this Agreement or any 14Zachine Scliedule or rider subject hereto; (3) whether or not this Agreeme.it �� <br /> or any �iachine Scheciule or rider i� terminated, talce immediate possessioti of any or all of the machines, ��-herever � <br /> situate�i, and for suc}i purpose, enter upon any preynises without liability for• so doing; and (4) sell, dispose of, � <br /> a <br /> hold, use oi• lease an}� machine as I"I'EL in its sole discretion may decide, without any duty to accouiit to Customer. 3 <br /> Customer shall in anti event remain fully liable far reasonable damages as provided by law, and for all costs and � <br /> expenses incurreci by ITEI, on account of such default including all court costs and reasonable attorney's fces. r_ <br /> The �vaiver by ITEI_ of an�• breach oi any obligation of Customer provided for herein or in any il2achine Schedule � <br /> shall not be deemecl to be a �vaiver of sucl� obliaation or any subsequent breach of the same or any other obli�ation. � <br /> The subsequent acceptance of rental pa}•ments hereunder by I1'LL shall not be deemed to be a waiver of ai�y �rior °i, <br /> existi�Ig brezcl� by Customer of an}� of Customer's obliaations provided for herein or in any Machine Scliedule ¢ <br /> regardless of I"1'EI..'s Iciio�vledge of such prior e�:isting breach at the time of aceeptance of such rental pa}�ments. � <br /> The rights afforcled ITEL urider this paragraph shall not be deemed to be exclusive, but shall be in additian ta a <br /> in <br /> any ribhts or remedies provided by law. � <br /> a <br /> 22. Qiiiet Possession. • <br /> ITI�L cloes hereby� co��enant with Customer that Cuslorner shall quietly possess the machines subject to and <br /> in accorclance �vith the provisions hereof so long as Customer is not in c3efault hereunder. <br /> 13. Assignment. <br /> The tcrm� au�l ronclitions sct forth in this ��grceme�it shall be bindin� upon and inure to thc bencfit of the <br /> Parties he�eto and their resl�ecti��e successors ancl (to the exteut speci(ied in any assignment) assigns. C:ustomet•, <br /> ho���ct'er, sh;Jl not assi�;n an�• `,I:ichine Sc1�e�liile or sublet any machine nor ino�-e the machines from tlie location <br /> sho�vn in tlie \Ia�l�ine Scl�e:lule or Schecliiles. CustoE�ier acl;no�vleclges thal the tern;s and conditio��s of. tt�is A�rree- <br /> tnent h:i��:� 1�:���n fi�ccl in ai�ticitr.ition ui Ihe �>os�ible assi�mment of ITI�L's ribiits uncler any bl.ichine Sclicelule <br /> an�i in thr �n:�hines as cull.i`��ral securily to oue or ►nore tl�ird Parties (licreinafter calle<1 "Securecl Party") �vl�i�h <br /> ���ill rrl}' on nn�l Lc cntitl��l tu tl�c b�nclit c�l Custun�cr's ubli�t�tions uncicr tliis 11�rc�ntcttt. CttsLomcr siiall, upon <br /> re�luest rcco�;uirc iu �vritinb ;�ny st��h assi"nrricnt for sccvrity �vitliin tcn (10) <lays aftcr rcccipt of noticc il�crcof <br /> •3• <br /> Form.5. <br /> r.�uc:su Vt/72 <br />
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