CIT Bank, NA (Kyocera Copier in Fire Dept)Lease Agreement Number:
Lease Agreement
This Lease Agreement (the "Lease") contains the terms of your agreement with us. Please read it carefully and ask us any questions you may have.
The words you, your and lessee mean you, our customer. The words we, us, our and the lessor, mean CIT Finance LLC.
Equipment Description
Quantity Description
1 Kyocera M3550idn
For additional equipment and accessories, attach addendum.
Equipment Supplier Name, Address and Phone:
End of Lease Purchase Option
If no box is checked or if more than one box is checked, the Fair
Market Value Purchase Option will apply.
® Fair Market Value
❑ $1.00 Purchase Option 0 Other _
Term and Lease
Lease Payment $ 118.49 (plus taxes, if applicable)
Term (Months) 60
Payment Frequency Monthly
Variable Payment Schedule if applicable:
(Attach "Payment Schedule Addendum" if necessary)
payments @ _; followed by payments @ followed
by payments @ _; followed by payments @
Payments are due in Advance
The following additional payments are due on the date
you sign this agreement:
One-time Documentation Fee $75.00 Payable with First Invoice
Advanced Payment $ due at Lease signing
(including taxes, if applicable)
If more than one Lease Payment is required in advance, the
additional amount will be applied at the end of the initial or any
renewal term.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To
help the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify and record information that
identifies each person who opens an account. What this means for you: When you open
an account, we will ask for (1) if you are a legal entity, your name, address, and other
information that will allow us to identify you; (ii) if you are an individual, your name,
address, and date of birth. We may also ask to see your driver's license or other identifying
documents.
LESSOR: CIT Finance LLC
10 1 -nturi• Parkway N. #100
�•vville L 32256
,
p1 -p?O/,f'
Aut, sized Sig ature Date Signed
s $,14;iL
Printed Name 4 ,
irG�GT
Print Title
Equipment Address
55 SE Third Ave
Lessee
Okeechobee City Of DBA Okeechobee Fire
Department
Lessee Legal Name
Lessee "Doing Business As" Name
55 SE Third Ave
Billing Street Address
Okeechobee FI 34974
Billing City, State, Zip
Billing Contact Name & Phone No.
863-767-1586
Lessee Phone Number (if different from above)
TERMS AND CONDITIONS
BY SIGNING THIS LEASE:
(i) You acknowledge that you have read and understand the terms and
conditions of this Lease including those on page 2 of this Lease; (ii) You
agree that this Lease is a net lease that you cannot terminate or cancel,
you have an unconditional obligation to make all payments due under this
Lease, and you cannot withhold, set off or reduce such payments for any
reason; (iii) You will use the Equipment only for business purposes; and
(iv) You agree that by providing a telephone number to a cellular or other
wireless device, you are expressly consenting to receiving communications
from us, our affiliates and agents (for non -marketing purposes) at that
number, including, but not limited to, prerecorded and artificial voice
messages, text messages, and calls from automated telephone dialing
systems; these calls may incur fees from your cellular provider; and this
consent applies to each such telephone number you provide to us now or
in the future.
ELECTRONIC TRANSMISSION AND COUNTERPARTS. A fax or electronically transmitted signed
version of this Lease, when received by us, shall be binding on you for all purposes as if originally signed.
This Lease is not binding on us until we sign it. We may accept this Lease by signing, either manually or
electronically. You agree that the only version of this Lease that is the original for all purposes is the
version containing your fax or scanned signature and our signature. This Lease may be signed in
counterparts each of which will be considered an original and all counterparts will be considered and
constitute one and the same Lease. This Lease may be retained electronically and you agree that any
such electronic version shall be fully enforceable without the need to produce an original; however we
may request an original signature document
LESSEE SIGNATURE
Okeechobee City Of dba Okeechobee Fire
Department
Lessee Legal Name
x 3
Authorized Sig ..tur•' / Date Si
x
lin
,a-e.hr f )
ned
Print Sign�r's Name
(,iii A-c,nfs4rcr
Print Signer's TlMe
�B-� =36-7,3
CUSTOMER
INFORMATION
Lease Agreement Addendum (Florida)
Lessee Name
Okeechobee Ci of dba Okeechobee Fire De • artment
Billing Street Address/City/State/Zip
55 S.E. Third Ave, Okeechobee, Fl., 34974
This Addendum supplements the provisions of the Lease
Agreement identified by the Lease Number specified above
("Lease"). You and we make this Addendum an integral part
of the Lease. Capitalized terms used in this Addendum that
are not defined will have the meanings specified in the Lease.
If there is any conflict between the Lease and this Addendum,
then this Addendum will control and prevail.
1. Title. We will hold title to the Equipment. If (a) you
have not terminated this Lease in accordance with Section 3
of this Addendum and (b) no Default exists, then upon your
payment to us of all Lease Payments and other amounts due
under this Lease, at the end of the term of this Lease, you will
be entitled to our interest in the Equipment, "AS IS, WHERE
IS," without any warranty or representation from us, express
or implied, other than the absence of any liens by, through or
under us. This Section 1 replaces the first four (4) sentences
of Section 7 of this Lease entitled "Title; Recording".
2. Funding Intent. You reasonably believe that funds can
be obtained sufficient to make all Lease Payments and other
payments during the term of this Lease. You agree that your
chief executive or administrative officer (or your
administrative office that has the responsibility of preparing
the budget submitted to your governing body, as applicable)
will provide for funding for such payments in your annual
budget request submitted to your governing body. If your
governing body chooses not to appropriate funds for such
payments, you agree that your governing body will evidence
such non -appropriation by omitting funds for such payments
due during the applicable fiscal period from the budget that it
adopts. You and we agree that your obligation to make
Lease Payments under this Lease will be your current
expense and will not be interpreted to be a debt in violation
of applicable law or constitutional limitations or
requirements. If a Default occurs, any judgment obtained
against you will be enforceable solely against revenues
allocated by your governing body for such purpose. Nothing
contained in this Lease will be interpreted a pledge of your
Lessee obee City of a e:
orize
int e & Title
Date
obee Fire Department
Lease #
Annual Rate of Interest
general tax revenues, funds or moneys. Regardless of any
other provisions of this Lease, no ad valorem taxes are
pledged to the payment of any amount due under this Lease.
Also, all amounts due under this Lease will be paid only from
funds arising from sources other than ad valorem taxation
unless one of the following conditions is satisfied: (i) you are
a county and the term of this Lease is sixty (60) months or
less; (ii) you are a school district and the term of this Lease is
twelve (12) months or Less; or (iii) you are a municipality and
if you are a home rule city, your charter does not prohibit the
payment of amounts due under this Lease from ad valorem
taxation revenues. This Section 2 is added as a new Section
18 of this Lease entitled "Funding Intent".
3. Non -appropriation of Funds. If (a) sufficient fimds are
not appropriated and budgeted by your governing body in any
fiscal period for Lease Payments or other payments due under
this Lease, and (b) you have exhausted alI funds legally
available for such payments, then you will give us written
notice and this Lease will terminate as of the last day of your
fiscal period for which funds for Lease Payments are available.
Such termination is without any expense or penalty, except for
the portions of the Lease Payments and those expenses
associated with your return of the Equipment in accordance
with Section 3 of this Lease for which funds have been
budgeted and appropriated or are otherwise legally available.
Upon such termination, all of your rights and interests in the
Equipment will vest in us. This Section 3 is added as a new
Section 19 of this Lease entitled "Non -appropriation of
Funds".
4. Choice of Law. Regardless of any conflicting
provisions in this Lease, THIS LEASE WILL BE
GOVERNED BY THE LAWS OF THE STATE OF
FLORIDA. This Section 4 replaces subsection (a) "Choice
of Law" under Section 17 of this Lease.
Lessor CIT Finance LLC
Authorized Signature
Print Name & Title
Date