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City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2014
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081914
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8/25/2015 4:39:14 PM
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8/12/2014 2:23:40 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
8/19/2014
DESTRUCT DATE
15Y
DOCUMENT NO
16
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ATTACHMENT 5 <br /> SELF-INSURANCE ADDENDUM TO MASTER EQUITY LEASE AGREEMENT <br /> (Physical Damage and Liability) <br /> This Addendum is made to the Master Equity Lease Agreement dated the first day of August, 2014, as amended (the <br /> "Agreement"),by and between Enterprise FM Trust,a Delaware statutory trust("Lessor"),and the lessee whose name is set forth on the signature <br /> line below("Lessee"). <br /> This Addendum is attached to and made a part of the Agreement (including each Schedule to the Agreement). All <br /> capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Agreement. <br /> Notwithstanding the provisions of Section I 1 of the Agreement, Lessee shall be permitted to assume and self-insure the <br /> risks set forth in Section 11 of the Agreement and shall not be required to purchase or maintain any insurance policy of any kind with respect to <br /> any Vehicle;provided,however,that if any Federal,state,local or other law,statute,rule,regulation or ordinance requires Lessee to maintain any <br /> amount of insurance with respect to any Vehicle,Lessee shall purchase and maintain such amount of Insurance in the form of an insurance policy <br /> which complies in all respects,other than the amount of insurance required,with Section 11 of the Agreement. <br /> Notwithstanding the foregoing, if (I)Lessor,at any time in its good faith judgment, is not satisfied with the condition, <br /> prospects or performances,financial or otherwise,of Lessee or(2)any default or event of default occurs under the Agreement,than Lessor may, <br /> at its option,revoke this Addendum and terminate Lessee's right to self-insure by providing Lessee with at least thirty(30)days prior written <br /> notice thereof Upon the termination of Lessee's right to self-insure,Lessee shall comply in all respects with Section 11 of the Agreement. <br /> Except as amended hereby,all the terms and provisions of the Agreement shall remain in full force and effect. In the event <br /> of any conflict between this Addendum and the Agreement or any of the Schedules,the terms and provisions of this Addendum will govern and <br /> control. <br /> LESSEE: City of Pleasanton LESSOR: Enterprise FM Trust <br /> By: Enterprise Fleet Management,Inc.,its attorney in fact <br /> By::e: By: Brynn Searson <br /> Title: Regional Sales Manager <br /> Date Signed: Date Signed: <br /> Initials: EFM Cust Page 1 <br />
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