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REDFLEX TRAFFIC SYSTEMS 1 - 2002
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REDFLEX TRAFFIC SYSTEMS 1 - 2002
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Last modified
9/18/2019 3:28:25 PM
Creation date
2/9/2012 9:27:43 AM
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Contracts
Company Name
Redflex Traffic Systems
Contract #
A-2002-231
Agency
Police
Council Approval Date
12/2/2002
Expiration Date
12/2/2007
Insurance Exp Date
4/1/2015
Destruction Year
2015
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EXHIBIT B <br />FORM OF ACKNOWLEDGMENT AND CONSENT <br />THIS ACKNOWLEDGMENT AND CONSENT is entered into by and between the City of <br />Santa Ana (the "City ") and Redflex Traffic Systems, Inc. ( "Redflex "), dated <br />related to that certain Agreement dated _, by and between <br />the City and Redflex (the "Agreement ") which hereby acknowledges, consents and agrees to the following <br />(the "Consent'): <br />1. Redflex has financed certain operations and equipment related to its business, <br />including but not limited to camera systems, housing and poles (the "Equipment") through certain lenders <br />(the "Lenders "). Redflex has granted to Lenders a security interest in the Equipment, related property <br />including software and proceeds thereto as collateral for the performance when due of its obligations to <br />Lenders. Redflex desires to assign all of its rights, but none of its liabilities or obligations under the <br />Agreement (the "Assignment ") to [Inset Name], as collateral agent for the Lenders (the "Collateral <br />Agent "). Redflex will not, by virtue of the Assignment, be relieved of any liability or obligation under the <br />Agreement or otherwise, and neither Collateral Agent nor Lenders are assuming any liabilities or <br />obligations under the Agreement.— City hereby acknowledges notice of the Assignment and hereby <br />consents thereto and to assignment to any similar subsequent financing party of Redflex, and further <br />acknowledges that Collateral Agent or Lenders, and their respective successors and assigns, and any <br />other subsequent future lender, may assign the rights received from Redflex. <br />2. Redflex hereby authorizes City upon Collateral Agent's written request to make <br />any payments due to Redflex under the Agreement directly to Collateral Agent, c/o [Insert Address], or <br />to whomever Collateral Agent may from time to time direct in writing. <br />3. City acknowledges that the attached Exhibit A is a true, correct and complete copy of the Agreement. <br />4. City agrees that City shall not assert against Collateral Agent and Lenders any <br />right or claim of set off, recoupment, counterclaim or other defense in respect of amounts or obligations <br />owed by Collateral Agent and Lenders to City against amounts or obligations that City owes to Collateral <br />Agent and Lenders under the Agreement. <br />5. In accordance with Section [11.1] of the Agreement, this Consent shall be deemed to be notice to <br />City. In the event that City fails to provide such approval or object to this Consent within ten (10) business <br />days after receipt of this Consent. City shall be deemed to have consented to and approved this Consent. <br />IN WITNESS THEREOF, each of the undersigned have caused this Acknowledgment <br />and Consent to be executed by their duly elected officers duly authorized as of the date first above <br />written. <br />CITY OF SANTA ANA REDFLEX TRAFFIC SYSTEMS INC. <br />By: <br />Print Name: <br />Title: <br />Date: <br />Address: <br />By: <br />Print Name: <br />Title: <br />Date: <br />Address: <br />
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