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MUNICIPAL LEASING ASSOCIATES. INC.
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MUNICIPAL LEASING ASSOCIATES. INC.
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Last modified
5/20/2025 4:53:30 PM
Creation date
9/18/2024 1:36:17 PM
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Contracts
Company Name
MUNICIPAL LEASING ASSOCIATES. INC.
Contract #
A-1996-078
Agency
Police
Council Approval Date
7/1/1996
Destruction Year
2005
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SECTION 9. Securit Interest. As security for the payment of <br />all of Lessee's obligations hereunder, Lessee hereby grants <br />Corporation, its successors or assigns, a security interest in the <br />Property, its accessions and attachments, and all proceeds of the <br />Acquisition Account. Lessee agrees to execute such additional <br />documents, including financing statements, which Corporation deems <br />necessary or appropriate to establish and maintain Corporation's <br />security interest. <br />SECTION 10. Use. Lessee shall use the Property in a careful and <br />Proper manner and shall comply with and conform to all national, state, <br />municipal, police, and otherlaws, ordinances, and regulations in <br />anyway relating to the possession, use, or maintenance of the Property. <br />SECTION 11. Acceptance. Lessee shall acknowledge receipt. and <br />inspection of the Property by executing a "Certificate of Acceptance". <br />SECTION 12. Corporation's Inspection. Upon forty-eight (48) <br />hours prior notice, the Corporation shall at any and all times during <br />normal business hours have the right to enter into and upon Lessee's <br />premises where the Property is located for the purpose of inspecting <br />the same or observing its use. Lessee shall give Corporation immediate <br />notice of any attachment or other judicial process affecting any item <br />of Property. <br />SECTION 13. Propertv Selection and Orderin . Lessee has or will <br />select the type and quantity of the Property leased hereunder. Lessee <br />shall ensure that all Property is properly invoiced to Corporation. <br />Corporation shall not be liable for, nor shall the validity of this <br />Lease be affected by, any delay in or failure of delivery of the <br />Property. Lessee acknowledges that it is solely responsible for <br />determining the suitability of the Property for its intended use. <br />Corporation shall have no duty to inspect the Property. If the Property <br />is not properly installed, does not operate as represented or warranted <br />by the Supplier, or is unsatisfactory for any reason, Lessee shall make <br />any claim on account thereof solely against the Supplier. Lessee hereby <br />assumes the risks, burdens and obligations to the Supplier on account <br />of nonacceptance of the Property and/or cancellation of this Lease and <br />upon the occurrence of any such event, Corporation will assign to <br />Lessee, without recourse or warranty, its rights and title to the <br />Property and any documents related thereto. <br />SECTION 14. Disclaimer of Warm. CORPORATION NOT BEING THE <br />MANUFACTURER OR SUPPLIER OF THE PROPERTY NOR A DEALER IN SIMILAR <br />PROPERTY, HAS NOT MADE AND DOES NOT MAKE ANY REPRESENTATION, WARRANTY, <br />OR COVENANT, EXPRESS OR IMPLIED, WITH RESPECT TO THE DESIGN, <br />DURABILITY, FITNESS FOR USE, SUITABILITY, OR MERCHANTABILITY OF THE <br />PROPERTY IN ANY RESPECT, AND AS BETWEEN CORPORATION AND LESSEE, ALL <br />PROPERTY SHALL. BE ACCEPTED AND LEASED BY LESSEE "WHERE IS," "AS IS <br />AND "WITH ALL FAULTS," AND CORPORATION SHALL NOT BE RESPONSIBLE FOR ANY <br />PATENT OR LATENT DEFECTS THEREIN. LESSEE AGREES -To SETTLE DIRECTLY SUCH <br />CLAIMS WITH THE SUPPLIER AND WILL NOT ASSERT ANY SUCH <br />CORPORATION. CLAIMS AGAINST <br />5 <br />
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