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2016-007 - Municipal Lease Agreement with Liberty National Bank for fire truck
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2016-007 - Municipal Lease Agreement with Liberty National Bank for fire truck
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5/19/2016 9:15:43 AM
Creation date
2/1/2016 12:47:17 PM
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CITY CLERK
Doc Type
Resolution
CITY CLERK - Date
1/25/2016
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the written consent of Lessor. Forbearance or indulgence by Lessor in any regards whatsoever <br />shall not constitute a waiver of the covenant or condition to be performed by Lessee. to which <br />such forbearance or indulgences may apply, and until complete performance by Lessee of <br />such covenant or condition, Lessor shall be entitled to invoke any remedy available to Lessor under <br />this Lease or by law or inequity despite said forbearance or indulgence. <br />25. ENTIRE AGREEMENT. This instrument, the Schedules and any annexes or <br />supplements hereto which refer to this Lease and state that they become part hereof constitute the <br />complete and exclusive statement of Lessor's and Lessee's agreement concerning the subject <br />matter hereof, and shall not be amended, altered or changed except by written agreement signed by <br />the parties. <br />26. NOTICES. Services of all notices under this Lease shall be sufficient if given <br />personally or mailed to the party involved at its respective address set forth at the foot hereof, or <br />at such address as such party may provide in writing from time to time. Any such notice mailed to <br />such address shall be effective only when deposited in the United States mail, duly addressed and <br />with first -class postage prepaid in a manner which provides evidence of receipt (e.g. certified mail <br />with return receipt, fax with transmission report, hand - delivered with receipt). <br />27. GENDER; NUMBER. Whenever the context of this Lease requires, the masculine <br />gender includes the feminine or neuter, and the singular number includes the plural; and whenever <br />the word "Lessor" is used herein, it shall include all assignees of Lessor. If there is more than one <br />Lessee named in this lease, the liability of each shall be joi nt and several. <br />28. TITLES. The titles to the paragraphs of this Lease are solely for the convenience of the <br />parties, and are not an aid in the interpretation of the instrument. <br />29. TIME. Time is of the essence of this Lease and each and all of its provisions. <br />30. GOVERNING LAW. The validity, construction and performance of this Lease shall be <br />governed by the laws (including, without limitation, the conflict of the laws rules) of the State of <br />Texas. <br />31. CONSENT TO JURISDICTION. Lessee acknowledges that Lessor's principal <br />place of business is in Lamar County, Texas. Lessee hereby consents and agrees that the <br />Lamar County, Texas, District Court shall have jurisdiction over any legal action with respect to <br />this Lease, any and all Schedules, Annexes, if any, the Equipment and any and all disputes with <br />respect thereto. To the extent permitted by law, Lessee agrees that Lessee shall not <br />file any action, or initiate any proceeding, in any other state, federal or other court of law or equity <br />with respect to those matters; and if Lessee should file such claim or initiate such proceeding in <br />violation of Lessee's agreement in this Section, Lessee agrees that Lessor may cause that <br />action or proceeding to be dismissed. <br />32. INCORPORATION BY REFERENCE. All Schedules, annexes or other attachments to <br />this Lease are incorporated into this Lease as if set out in full at the first place in this Lease that <br />references is made thereto. <br />33. FURTHER ASSURANCES. At Lessor's request, from time to time, Lessee shall sign <br />financing assignments or other documents or instruments necessary to make public filings reflecting <br />Lessor's ownership of and interest in the Equipment, and Lessee authorizes Lessor to make any such <br />filings that Lessor may deem appropriate, provided that Lessor acts in a commercially reasonable <br />manner. Such filings and this provision are precautionary only and do not evidence any intention that <br />this Lease create a security interest. In addition to the foregoing, Lessee shall provide to Lessor any <br />confirmation and/or reaffirmation of the representations and warranties contained in this Leasefrom any <br />legal counselor certified pu bl ic accountant acceptable to Lessor as Lessor may req u ire. <br />34. DOCUMENTATION FEE. Lessee agrees to pay Lessor $50.00 to offset Lessor's lease <br />
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