10 - Avfuel Lease Agreement - Laserfiche WebLink

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AVFUEL CORPORATION AVIATION REFUELER LEASE AGREEMENT Summary of Terms and Conditions Avfuel Number/Description Vin Number Monthly Rental 13608 1998 Isuzu 750 Gallon Avgas JALB4B148X7003738 $600.00 Customer: City of Paris 6780-B Collier Dr. Paris, TX 75460 Airport Location: Paris, TX (KPRX) Replacement Value $45,000.00 Note: Meters are not calibrated or certified prior to delivery. -Meter calibration is the responsibility of the Customer. The terms and conditions governing this Agreement are set forth above and on the following page(s), which are made a part of this Agreement. Uz AVFUEL CORPORATION Signature William B Li-htVice.President.of Administration ...._...........__ ........................ Print name/Title Date: City of Paris By Signature Print name / Title Date: The reference date of this Agreement is; November 6„ 2023, effective date is such date or - December 1 2023. ,..... TERMS AND CONDITIONS EQUIPMENT. Avfuel agrees to deliver and Lease the foregoing Equipment to Customer for it's sole use, subject to the following terms and conditions. 2. RENTAL. Customer hereby agrees to pay Avfuel in advance the monthly rentals shown above, prorated for any partial month. TERM: This lease is for the term of one (1) year commencing on the effective date set forth above, and shall thereafter automatically renew month-to-month unless either party shall give notice of intention to terminate. Notice to terminate shall be given in writing not less than thirty (30) days prior to the termination date, which shall be specified in the notice. The foregoing notwithstanding, if there is in effect between the parties an Aviation Fuel Supply Agreement ("AFSA"), this Lease shall terminate, without notice, as of the date the AFSA expires or is terminated in accordance with its terms unless a new or renewal AFSA shall have taken effect between the parties. 4. RETURN OF EQUIPMENT. Upon termination of this Agreement Customer shall deliver and return the Equipment to Avfuel's place of business in Ann Arbor, Michigan (or Abilene, Texas) in as good condition as when Customer received it, normal wear and tear accepted. Failure to return the Equipment shall be deemed a breach of this Lease. Notwithstanding such breach, Avfuel may, without foregoing any other remedies available to it, treat the Agreement as continuing from month to month under the same terms and conditions as were in effect at the end of the lease term. Nothing herein shall require that Customer perform the repair or maintenance obligations of Avfuel under the provisions of Section 7 below 5. TITLE To: EQUIPMENT. Avfuel warrants that it has all necessary rights to lease said Equipment to Customer. Further, the parties agree that as between themselves, Avfuel has title to the Equipment and Customer shall keep the Equipment free of liens and shall not do or permit anything to be done that will prejudice the title of Avfuel, or it's rights in the Equipment. Each item of Equipment shall bear a legend denoting it as the property of Avfuel and Customer shall not remove or deface that legend under any circumstances. Revised Form R1 Page 1 of 3 3/13