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3 - AGREEMENT WITH YARDI SYSTEMS (2)
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3 - AGREEMENT WITH YARDI SYSTEMS (2)
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5/8/2019 10:46:12 AM
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10/3/2018 9:22:09 AM
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City Clerk
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10/2/2018
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EXHIBIT 1 <br />or other fee Imposed by a processing Institution, correspondent bank, merchant bank or other institution in <br />connection w€ih the aulhorizatlon, processing and settlement of Client's WIPS Transactions from subsequent <br />deposits to the corresponding bank account. <br />Additional DUs Included with productslmodufes licensed In Exhibit 1 (Replacement Schedule A Fee Schedule}; <br />1. PFIA Property Management and Accounting Includes: 1 DU per 100 Units <br />ImplemontatlonffraWrig [retails: <br />1, Imptamentstlon1Tralning- Client is an existing Yordl client and has therefore requested that Yardl not be responsible for <br />Implementation or training. Client understands that If Yardl conducts Implementation or training at Client's request In the <br />future, the charge will be the then -current prevailing ImplamentaLorVlralning rale, plus reasonable expenses, in accord with <br />section 5(c) (On -Sites), <br />Concession Details: <br />1. All annual concessions sot forth In Exhibit 1 (Replacement Schedule A, Foe SchedWe) are contingent upon Client <br />maintaining the license count set forth In Exhibit 1 (Replacement Schedule A: ree Schedule). If Client reduces the Initial <br />license count by more than 10%, the concession shall be reduced In correlation to the license reduction. For example, if <br />Client reduces the Initial license count by 50x,, the annual concessions set forth in Exhibit 1 (Repiaeomant Schedule A; Fee <br />Schedule) shah be reduced by 50%. <br />Otherierms; <br />1. Client acknaw;edgea that additional Units, DUs, and Uransed Programs (i.e., In addition to those Initially sat forth In Lxhibft <br />1 {Replacement Schedule A: Fee Schedule)] require additional Fees at Yardi's then -current, cumulative, CPI-lnoreased <br />base rale (which base rate sheil be annually CPI -Increased upon Invoicing approximately BQ days prior to each Anniversary <br />Date) for the additional Units, DUs, or licensed Programs at the time of Client's request Subject to: (;) at least 5 business <br />days prior wrMon notice from Client; (it) Client's execution of an amendment to the Agreement; and (Ili) subject to payment <br />of additional Fees, Yardl will Increese Client's licensed maximum number cf Dealgnated Users or Units. <br />2, Yardl shall provide to Client a temporary extension of Client's Voyager ASP license (a) for 6 months from the Effective Dale <br />of the Addendum or (b) until Cilent's next Anniversary nate, whichever comes sooner, 11 the temporary license extension is <br />provided unit; Client's next Annlversary Date and is less than 6 monL'ns in duration, Client may request an eddltlonal <br />extension to the Voyager ASP license, not to exceed a total of 6 months, upon payment of Client's Annual Fees for the <br />subsequent year, <br />Yard! 1 Cllent <br />Page 6 of 6 <br />Confidential <br />Preparation Date: 9/1812415 3:39 PM <br />3-33 <br />
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