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<br /> SECTION 3
<br /> Secutlty Intel88t and Location 01 Machln- unenforceable, the parties agree that the Machines shall be
<br /> deemed to have been installed under IBM's State and Local
<br /> To secure the payment of the Total Time Sale Price, IBM Government Lease Plan pursuant to the terms and condi-
<br /> reserves a purchase money security interest in each of the tions of IBM's applicable agreement and/or amendment at
<br /> Machines, and the Customer hereby grants a security IBM's applicable Lease Plan Monthly Charges, commenc-
<br /> interest in any substitutions, replacements, accessions, and ing with the Date of Installation or the Effective Date of
<br /> additions thereto and the proceeds thereof. Such interest Purchase of the Machines. For the period prior to such
<br /> shall be satisfied by payment in full of the Total Time Sale holding IBM shall credit to the applicable Lease Plan
<br /> Price. A copy of this Installment Payment Agreement may Monthly Charges the amounts paid by the Customer to IBM
<br /> be filed with appropriate state and local authorities, at any under this Installment Payment Agreement and amounts
<br /> time after signature by the Customer, as a financing paid by the Customer for mai,:,tena~ce, property taxes and
<br /> statement in order to perfect IBM's security interest. Such insurance. Any excess credits will be refunded t~ the
<br /> filing does not constitute acceptance of this Installment Customer, and any deficiency shall be d~eto IBM; but In no
<br /> Payment Agr~ment. by IBM. ~:~ '5~= ~I:~ :~~ event shall any amount be due to IBM In excess of funds
<br /> tv:=~:~:~:I:=~~ :~oo~~::: ;n:1 88 8tf~h /ther ~c; or appropriated. In the event that the affected Machines are
<br /> not available from IBM under a lease or rental agreement, at
<br /> . ~ ~~i~~~ ~ I~ ~ ~~ ~~~i!:t~~~9iirabI9 to the time of such holding, the Customer and IBM will agree
<br /> UJô\l3:eFfe8t sr prot8('Ul:19 i9Curity iRWr'iiti f;: 9rlj~ rrA~tAli The upon a fair and equitable Le~se Plan Mont~ly Charge for
<br /> - Machines shall remain personal property, not become the period prior to and following such holding and, other-
<br /> fixtures to real property, and be kept at: wise, the provisions of this Section shall apply.
<br /> If any provision or provisions of this Installment Payment
<br /> 630 East Hopkins St. Agreement shall be held to be invalid, illegal or unenforce-
<br /> able, and the preceding paragraph does not apply, the
<br /> (Street address) validity, legality and enforceability of the. rem~ining provi-
<br /> San ~1a reos, TX sions shall not in any way be affected or Impaired thereby.
<br /> (City) (County) (State) THE CUSTOMER ACKNOWLEDGES THAT THE CUSTO-
<br /> 'I41ere IBM may inspect them at any reasonable time. MER HAS READ THIS AGREEMENT, UNDERSTANDS
<br /> IT, AGREES TO BE BOUND BY ITS TERMS AND CON-
<br /> Genetal DITIONS, AtU~ 8Y THi Cye-rOMiR',g SIQ~Tt::JRC
<br /> If the Net Unit Price for any Machine is adjusted as 8ilOW, ACKNOWL.IiiDGIii& TIoI1.T Tiolli CY&TOMiR IS
<br /> provided in the referenced Agreement, or the trade-in LIiiGAL.L. Y I.UTIolORIZIiiD TO IiiNTIiiR INTO TIoII& ~GRIiiIi
<br /> allowance for any trade-in equipment is adjusted as pro- MiNT. FURTIolIiR, TIoIIii CU&TOMIiiR .t.GRIiiIi& TIoI/.T
<br /> tided in an applicable IBM trade-in agreement, Items No.1 THI& INiTAL.LMIINT MYMIiiNT AGRIiiIiMIiiNT, THII
<br /> :hrough 11 in the Statement of Transaction and the RCrCRCNQED ACRiiMiNT .\ND ¡Upp. I=MENT AND
<br /> ::)ayments herein agreed to be paid shall be adjusted, and ANY APPllC.~8L.1ii IBM TRÞ.DIii IN ~GRIiiIiMliitIT CON
<br /> this Installment Payment Agreement shall be deemed to be STITYT&:.\ liNGLE M?AI=I=MI=NT AND THE COM-
<br /> amended accordingly. PLETE AND EXClYSI'.~E STATEMENT OF THE AORCC
<br /> The terms and conditions of this Installment Payment MtNT Sm;tCN TIIC OU5T9MCR ANa IBM, V;I 1101 It--
<br /> Agreement shall prevail notwithstanding any variance with SUPERscacs ALL PROP9&Al£ OR PRIOR AQREE
<br /> the terms and conditions of the referenced Agreement. MEN"FS, ORAl OR 'J.'RITTEN¡ AND !J.ll OTH&:R C9M uJÇ
<br /> Should this Installment Payment Agreement and/or the Y.."I('AT.ON$ 9ETWEEN TWIi pARTllia RIiIJ¡,TING
<br /> referenced Agreement be held by the courts to be invalid or "fO- T;þII &U8JIi~T M~IiR IoIIiiRIiiOf. -
<br /> TO THE EXTENT THEY DO NOT CONFLICT
<br /> WITH PRIOR WRITTEN PROPOSALS FROM IBM
<br /> TO THE CITY OF SAN MARCOS, THE OWNER-~
<br /> CONTRACTOR AGREEMENT, OR ANY OTHER BI
<br /> DOCUMENTS RELATING TO THE SUBJECT ~
<br /> MATTER HEREIN.
<br /> Received by IBM at """"""'m'---"""""""""....m..-- ...................
<br /> Branch Office Name/Number
<br /> By .m"---"""""" .............---..--- ....---... """.m""...m....... ...-.......... .....
<br /> Manager's Signature
<br /> ~(Tÿ~'ö'i'pri~i)..m ....... ""'m..""""""" ... -... ...... ....m ....... """"-ò~ië'
<br /> \ccepted by: City ~s
<br /> ntematlonal Business Machines Corporation .....m,,"m'" """""""~""'ë~~;¡-~.~........._............m.....
<br /> -
<br /> By . ........ ........... '..m" "'m"',,, ..... ....m..... .......... -........ m..... m.. -.. By...... ._m..',,"""""'" .........---............ ............---...... ....... ...- ,'m...
<br /> .--- -- Authorized Signature ~~m,¡:! (I~l=tT)~lknatuml1t.//)f( f(/..fÇS/r:;
<br />
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