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VACANT PROPERTY SPECIALIST (VPS)
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Last modified
11/1/2017 6:41:23 AM
Creation date
10/31/2017 5:45:08 PM
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Contracts
Company Name
VACANT PROPERTY SPECIALIST (VPS)
Contract #
N-2017-227
Agency
Planning & Building
Insurance Exp Date
6/3/2018
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such circumstances section 4.3 shall not apply, but termination of any Contract as permitted under this <br />Section 4.4 shall not affect any other rights/remedies which shall have accrued prior to such <br />termination. <br />4.5 The City shall pay the Initial Fee prior to the Service Date, Remaining and periodic Charges shall <br />be paid weekly or monthly in advance as agreed by VPS, Any additional Services provided from time to <br />time which are not covered in a periodic invoice may be invoiced at any time and shall be due and <br />payable to VPS within 30 days of VPS rendering such Services. All sums payable under these Terms shall <br />be paid by the City without setoff, retention, deduction, withholding, lien, counterclaim or other similar <br />rights/entitlements. Upon the City's earlier termination of a Contract pursuant to section 7.1, Charges <br />for the remainder of the minimum period shall become immediately due and payable, are non- <br />refundable and will not be prorated. <br />4.6 Each invoice from VPS shall be paid by the City on or before its due date. Charges for the rental <br />period will not be prorated. Where VPS has the right to terminate a Contract with cause as set forth in <br />section 7.2, then all sums invoiced or payable to VPS under that and/or any other Contract (including <br />any Charges for the remainder of the minimum period) shall become immediately due and payable. <br />Payment of charges when due is an essential term. <br />4.7 The City shall be in breach of a Contract in all cases where the City does not have an agreed credit <br />account with VPS and/or falls to pay the Initial Fee or any Charges when due, such payment is rejected <br />or the City is in arrears under the agreed upon Terms of a Contract. <br />4.8 If the City fails to make any payment In full when due, then without affecting any other <br />rights/remedies: (a) the City shall pay interest on a daily basis on the overdue amount from the due <br />date to the actual payment date at a rate of 4% per annum over the Federal Reserve Bank prime loan <br />interest rate, or 14% per annum, whichever is greater and permissible at law, and shall indemnify and <br />reimburse VPS for all Claims arising from steps taken to collect any overdue amount; and (b) VPS shall be <br />entitled to suspend provision of all or part of the Equipment/Services without any liability for any Claims <br />which may arise as a result of the suspension (Charges will continue to accrue during such suspension). <br />If a check is returned by the City's bank unpaid, a charge of $25 will be made. <br />4.9 If the City fails to make any payment when due or to satisfy its obligations under any other term <br />or condition of this Contract, VPS may immediately cease providing the Services and repossess or <br />disable the Equipment without notice. In connection with such failure, the City hereby grants VPS <br />access to the Site and any Controlled Premises and allow it to repossess or disable such Equipment, VPS <br />is not required to redecorate or repairthe Site or Controlled Premises as a result of ceasing Services or <br />repossessing or disablingthe Equipment and VPS shall have no liability for any Claims with respect to or <br />in connection with ceasing Services or repossessing or disabling such Equipment. Notwithstanding <br />anything contained in a Contract, VPS does not waive, and retains the right to exercise, any other legal <br />or equitable rights or remedies available to it under a Contract or otherwise, including its right to file any <br />lien or encumbrance. <br />
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