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Caterpillar Financial D7R Track Type Tractor In conjunction with 230-2020
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Contracts & Agreements_8135
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Contracts & Agreements
Subject
Lease Agreement
Details
Caterpillar Financial D7R Track Type Tractor In conjunction with 230-2020
Date
11/3/2020
Document Number
8135
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exercised your right of non -appropriation. If an Event of Default <br />occurs or if you non -appropriate, full and unencumbered title to the <br />Units will pass to us without the necessity of further action by the <br />parties, and you will have no further interest in the Units. If we are <br />entitled to obtain possession of any Units or if you are obligated at <br />any time to return any Units then (a) title to the Units will vest in us <br />immediately and (b) you will, at your expense, promptly deliver the <br />Unit to us properly protected and in the condition required by <br />Section 11 You wit deliver the Unit, at our option, (i) to the nearest <br />Caterpillar dealer selling equipment of the same type as the Unit; or <br />(ii) on board a carrier named by us and shipping the Unit, freight <br />collect, to a destination designated by us. If the Unit is not in the <br />condition required by Section 11 you must pay us, on demand, all <br />costs and expenses incurred by us to bring the Unit into the <br />required condition. Until the Units are returned as required above, <br />all terms of this Agreement will remain in full force and effect <br />including without limitation, your obligation to pay Lease Payments <br />and to insure the Units. <br />15. Other Documents In connection with the execution of this <br />Agreement, you will cause to be delivered to us (i) either (A) a <br />certified copy of your authorizing resolution substantially in the form <br />attached as Attachment B and a copy of the minutes of the relevant <br />meeting or (B) an opinion of your counsel substantially in the form <br />attached as Attachment C (ii) a copy of the signed Form filed with <br />the Internal Revenue Service required in Section 8 above as <br />Attachment D• and (iii) any other documents or items required by <br />us. <br />16. Applicable Law This Agreement will be governed by the laws, <br />excluding the laws relating to the choice of law of the State in which <br />you are located. <br />SIGNATURES <br />LESSOR <br />Signature <br />Name (Print) <br />Title <br />Date <br />CATERPILLAR FINANCIAL SERVICES <br />CORPORATION <br />LESSEE <br />Signature <br />Name (Print) <br />Title <br />Date <br />Attest <br />CITY OF REDLANDS <br />Paul W Foster <br />Mayor <br />November 3 2020 <br />nne Donaldson <br />City Clerk <br />US Governmental Equipment Lease -Purchase Agreement <br />4080554 22/09/2020 12:16:07 PM Ref. 676890 <br />
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