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<br />Northern .::om
<br />Finance Corporation
<br />
<br />1--.-----...--.----.-.----.-.-..
<br />
<br />l\SS!C;NMENT l\I"JD
<br />Ci of fOal'is
<br />
<br />Assignment And Delegati!
<br />(Tax Exempt Lease)
<br />
<br />[)[LEC;,1\TIOr'-J (";\s~-;iqnnlcllt") nl(:Jdc as of .___~~_()y 1985______1 by and between-;
<br />r"l! .;see"). SouJhvle_stel'rJ 13ell Telec:ornrnuniS2191?fi\\1icr"), and I\;orthel!
<br />Tclc;co,n FillcH1CC; Curpocatiurl ("f\TTC"). Inc., dba Southwestern Bell Telecom
<br />
<br />VJHEF\E;:\S, Lessee and Supplier- ~HC pi.1rties to that certain anreemont dated _____ ~'~_~.x__~~. .________.,,_, 19.,0_?
<br />{"PurchJ~:;e ;\qreerncnt") purSUzlnt to which Lc~;se8 Jnreed to purchase, and Supplier agreed to sell and instal!,
<br />certain h,lrcJW<l!'e and to license C;Or1zlil1 software (respectively' "Equipnicnt" 2nd "Software") with respect to
<br />SystUiTI !"Systern"); and
<br />
<br />WHEH[/\S, Lc~;~;ec ;mcJ f\JTFC jr:lc~fld to clltt;r into ,J Ic~dse ,JQrccrnent ("Agreement") pursuant to which Lessee shai,
<br />lease: the Equiprl1Cnl frorli [,\HlC, FHHl Lessee intends to assign certain of its rights, and to delegate certain of j1-~;:
<br />ohli~Jiltiuri:;, purslJemt to the Plnchiisc' !\~11c,'cmcnt with respect to the System (1S set forth below to NTFC, and Supplier
<br />intends to consent to such [jssi~Jnrncnt and delegCltion;
<br />
<br />NOVV, THFr,f~rOnL, in consid{ rat:nrl of the rnutllal covenclnts herein contained, the panies hereto agree as follov\';
<br />with reSljCct to iflE'; System:
<br />
<br />1. ASSIGNMENT
<br />
<br />Effi.::':tive ,]S of the "COrnfYl' :1cenH:nl [);i!(;" ;~s t)1ilt l('rrn is
<br />d(~fli,'_;d Iii the Aqrccrrlf"!11, Lv;sl:c hcr(:hy iJ~< Jns tu NTfC Jnd
<br />r\'TFC hereby accepts fr-om Lnssce:: LIJ:~sce'~j riqht to receive
<br />title to the [quintllerl! pursuant to th(~ f)\::-clidSC ^r,vccrncrlt,
<br />,-md Lessee';; rinhts pursuant to the SOLWi:Jri' License set tonh
<br />irl the Purcl];hc ,4urC'enir~n1. SlJppiif~r iHid l.c::;:;cc <Jqlce that if
<br />,i Suftw;!iT' Lict:w;c sulJsliHlti,diV i1S ~;ct forth in Section]
<br />h(Cr(~of Wil;_; not ;;r:t forti) ill the' Purch,"i';c t',~;rH~rnerlt, ;;uch d
<br />IICCil~:C :;hiill hc eJc:c:rT1CcI to 11{!\'c l)(:c:>p ::u sl'l forth. /\11 ollie;
<br />riGhts of L.e:;sec pursuailt to tiw hnciJi:sc; A~;rccnwnt arc not
<br />ass:qriHJ 10 f\'TFC and shall continue to lun directly to Lessee,
<br />cxu~pt a:-; ~;p(~Lifiu'i:iy provided herein. Fff(~ctlv(; UpOl1 [(:1"11i"
<br />nation of 111(; lefrll of the Acreelnclll f.iW:;lliif1t tu SL'dioils i3
<br />or 1<1 tIH:r(~of, L(:ss~~:(: ~;Il()!i ilssiqn to 1',iTr r: ;:Jilc! ~JTF( sh;,
<br />accept hOln Lessel;, ,dl of LCS;;t!C':; then rcrnilinin(j ri~;hts p'.lr
<br />suant 1() the: Pl!lch()sc,; /',qr(;('II"1(rll.. t:><U:!Jt ;1" ,;pcciflCdlly set
<br />forth in tlw~ Assinni11cnt nnthin~J cOllulincrf herein or eise-
<br />whcrf~ ~)hall he dr~errlf;d \0 rnodify, limit or eXjI;Hld the riqht:;,
<br />warr,:;ntic.s, remedies, li;i!)iliti(~s a!H!:'or any !lr~litdtions of such
<br />rights, 'Nan-antics, rcmedies d~d li;]bil:tics cOl1t;llncd i,l the
<br />Purchase Aw(~ernent, <Hl<1 neither- Lcs~,;ce nor NTFC shall hi1ve
<br />an)! qreater righb, vvarrantif:s, or rcnH;dic~; thim are provided
<br />to Lessee !llHSl.'ilnt to thr: PlI:ch"sc A~lrCC;n!'r:t. Suppiicr COI-'-
<br />:.;ents to the assiqnnlc'llt dcscriL~ccl herCln.
<br />
<br />2. PAYMENT
<br />
<br />
<br />In th(~ event Lf;SSf:l; h("ls c!cctr:ci in the t:qu:l'r'H;nl Schedule to
<br />the Agreement v.rith rr~~;pect io 11,(, Sys~'-'m tc:. rcu:lvc Inti',ir:l
<br />fundirl~l with :-cspect to the pily'rllcnt c,! III pricl.~ P,iVdl)i;; LJy
<br />Lessee to S\Jpplicr for the Sv~;t(.:l1 ("P: ice"i, Les~',('C Ilereb,;
<br />to r'.jTFC, dHi r-J"TFC he((~hy aqrecs to iH_Jf(), rn, Lcs-
<br />o;cc'~ i:JiJliWltion to P,-lY the Pricc: to Supplier. In the event
<br />Lessec: hns clecu,,_-J net io rccci\/C! sti:;11 :Iltcrim fWl(jinq, then
<br />no such dc:Ic'\FJtiufl ,'Ii,d aqreerTlClll ~hl.(; bl~l'ri :ni.ldc, l.cs~;ee
<br />shal: rr;main ol}li~]i:1t(~C; to p;iy the Price to Supplier, i'me! NTFC
<br />shall piJY HI(' Price: to l_,essee upon the iilter of NTFC's receipt
<br />of the properly executed and compk:ted Certificate of Delivery
<br />and Accept,.1nce as described in the ASIICerr1P.nt 2nd NTFC's
<br />receipt of written confirnliJtion from Supplic:r that the Price
<br />clnd all applicJble tiJxe~:' have been pJid to Suppiier by Lessee.
<br />
<br />
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<br />
<br />,:'J,C,]rO;,> ((iB.')
<br />
<br />-'~,!""",,.....,!,-..,.,.,
<br />
<br />Lessee shail at all times be obliqated to Supplier to perform
<br />all of LJ~sspe's obliqations pursU<1nt to thr. Purch~lse Agree.
<br />ment (other than the obli~Fltion to pay Ihe Pricc if le:')sec ha~i
<br />elected interim funding). NTFC shall have no duty to perforn~
<br />any of Supplier's obLqcltions under the Purci',;lse Agreement.
<br />In the event the tCiTIi of the Awcement with respect 10 the
<br />Systern fails to commence by the Schecfuled COrl1mencernenl
<br />D(]te set forth in the appiic,~ble Equipment Schedule to :I\l~
<br />A~lrr.ell1ent, then thf~ nssignnwnt desuibed in Section 1 oft! ~,
<br />j\~;~;i~Jn:Tll~nt shailnot become effective, Lessee shall pr-Cll1p:
<br />pay to r\jTFC the 2qqiegiJtE' rHT1Ounl, if ,]IT'I, or 2il portions ,.Jf
<br />the Price previously paid to Suppiier by NTFC, pius daily in-
<br />luest at the "!ntcrin1 ReilC" 2S defined below, calcui3tcd eJ,li!y
<br />on the aggregiJte arnount of such previously paid portion~; of
<br />the Price from the di1tC of p(1yment by NTFC to Supniier, to
<br />tile date of repaymcr1t hI,' Lessee to NTFC hereunder, and the
<br />delegation of l.855ec':,; ohliSJiJtion to pay the Price to Supplier
<br />or the ,-'igreernenl by f\lTFC to pay the Price to the Lessee, as
<br />lJppliciJblc, shall be of :lD further effect, and ~<'TrC shal: have
<br />no further obli~latioils as G result of that delegation 01
<br />agreement.
<br />
<br />Suppiier consents to any delegotion of Lessee's obligation to
<br />pay the Price to Supplier and 'authorizes NTFC to pav the Price
<br />directly to SlJpplicr ilt the times dno in Ow anwunts set forth
<br />III the PurchJ~;c; Aqleerncnt. If Lessee elects to receive inJ.erirn
<br />fundinf.J as descril~c;d in this Section, then in cOllsider<'ltion of
<br />NTf.C's ftweement to pay the Price to Suppiier, Lessee agrees
<br />Cind 2ckno'..vledges tl13t all anlOl1rlts paid by NTFC 1coilecti-veiv
<br />"Prowcs~:; r'\l)!nwnts") shail bear- dady interest at the Interim
<br />Rilte, from the ci<.1te thdt such Progress Payment is paid bV
<br />NTFC to Supplier to th(~ Commencement Date. The aggregat~~
<br /><-Jrnount of ail slIch interest shall be due and payable to NTFC
<br />by Lessee on the COrnr11CnCcment Date. The "Interim Rate"
<br />shall be one/three-hlll1dred-sixtieth (1/360th) of Ole lesser of
<br />t~~_~~ percent c_ 11. ,,<,) or the maxirTllHll rate perrnltlccJ
<br />under applicable law,
<br />
<br />3. TRANSFER OF TITLE; SUBLICENSE OF SOFTWARE
<br />
<br />Title to the Equipment shall pass directly to NTFC at the time
<br />theJt the System is first placed into service by Lessee. Effective
<br />
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