25B - AGMT LIGHTING FIXTURES POLICE DEPT

Home Browse Search

Promise to Pay: Customer promises to pay SCE Una Amount Financed In equal monthly Installments as Wforth In the section above and/or Schedule A (Customer'@+ "Loan Obligailon"). The first Monthly Payment of Customer's Loan Obligation will appear width sixty (00) days from the Effective Dato on Customer's SCE utility btil(s) for the Service Account(s) listed above. Manner of Payment: Customer's Monthly Payment amount will appear as a line Item labeled "EC/OBF Installment Charge" on the monthly SCE utility bllf(o) for Customer's Service Account(s), customer may pay the Loan Obligation in the, monthly Installments or prepay the Loan Obligation in one lump sum without penalty, but pro -payments for less than the remaining balance will not be allowed. Customer's Loan Obligation will appear on Customer's monthly SCE utility bill(s) for the number of months set forth above, or until the Loan Obligation Ispaid In full by Customer, whichever occurs first. Customer shall mako payments to SCE as dlrsoled in the SCE utility blll(a). Partial Payments; If Customer Is unable to male a full payment of the Loan Obligation In any divan month, paymant arrangements may be made at SCE's eels disorotlon. Any partial payments will be eppllbd In equal proportion to the energy charges and thq Loan Obligallon,.and Customer will be eonaldorsd to be delinquent and In default of both the energy bill and the Loan OblIgallcn. Late Payments: No lato payment charges or Interest will be assessed for delinquent payments on the Loan Obilgatem However, SCE may assess late payment charges for delinquent payments of energy chargeo pursuant to SCE's Rule 0 Wilch Is Incorporated hdraln by reference. Returned Payments: SCE may requlre ppaymdnl of a $10.00 Returned Check Charge for any check returned from Customer's financial Inetllutloq uooald. The Returned Check Charge will also apply to any forms of payment that ara subsequently dishonored, Discontinuance of Semite: Amounts due under this OSF AgreementwUl be amounts deemed due under each SCE utility bill to the Customeea Sarvlce Account(/}s), and'a default under this OBF Agreement wUl be treated see default under the CustoMoea SoN G Account(s). Customer's Loan Obligation Is subject to Bye discontinuance provisions of SCE's ROIs 11, Discgnfinuenco and Restoration of Service, Section B, Nonpayment of Sills or Summary Bllis which is Incorporated herein by reference. Breach and Accolaraflon: Any breach by Customer under the EMS Agreement or this OOP Agreement shall constitute a breach under all of the above referenced agreements, For purposes heraln. SCE may determine the OBF Agreement to be breaded and Customer to be In default If Customer: (-I) sells, assigns orolherwlse transfers ownership, possession or title of the Site or the Equipment, (2) falls to pay Cie Monthly Payment amount wham due, .(3) closes, discontinues or otherwise causes the termination of the Service.Acceunt(s), or (4) Otherwise breaches this 08F Agreement and/or the EMS Agreement, and the breach Is not oured es speclfTed therein, Notwithstanding anything to the contrary. In the EMS Agreement, a breach and default as set forth In this section shall not be aubjebt to any additional trine period. Following a breach as set forth in this section, SCE shell have the. right to declare the entire unpaid balance of the Loan Qhllgalion immediately due and payable, Purohaso Money Securlty interest: Customer hereby agrees that SCE may, but Is not obligated to, file a UCC -1 ("Financing Statement") against the Equipment to secure Customer's obligation to repay the Amount Financed. Customer agrees to execute any and all documents In connection with the Financing Statement In order for SCE to perfect Its security Interest in the Equipment. Customer agrees that SCE Is not waiving any of Its rights of recovery as against the Customer should SCE elect to fila a Financing Statement, Form 14-792 W2012 25B-16