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• <br /> NON APPROPRIATION RIDER <br /> This Non Approprlat_ion Rider to the Lease With Maintenance Agreement No._..�dated ,70 or the FMV Lease <br /> Agreement No.—dated , 20_(each, individually, the `Lease"), Is by and between Toshiba Financial Services <br /> (Lessor)and CITY OF SUNNY ISLES BEACH (Lessee). Capitalized terms used herein without <br /> definition shall be defined as provided In the Lease. <br /> Notwithstanding anything contained in the Lease to the contrary, <br /> 1. Lessee presently Intends to continue the Lease for Its entire term and to pay all rentals or other payments relating thereto <br /> and shall do all things lawfully within its power to obtain and maintain funds from which the rentals and all other payments <br /> owing thereunder may be made. To the extent permitted by law,the person or entity in charge of preparing Lessee's budget <br /> will include in the budget request for each fiscal year during the term of the Lease the rentals to become due in such fiscal <br /> year, and will use all reasonable and lawful means available to secure the appropriation of money for such fiscal year <br /> sufficient to pay all rentals coming due therein. The parties acknowledge that appropriation for rentals is a governmental <br /> function which Lessee cannot contractually commit hself in advance to perform end the Lease does not constitute such a <br /> commitment. However, Lessee reasonably believes that moneys in an amount sufficient to make all rentals can and will <br /> lawfully be appropriated and made available to permit Lessee's continued utilization of the Equipment in the performance of <br /> its essential functions during the term of the Lease. <br /> 2. If Lessee's governing body fails to appropriate sufficient moneys in any fiscal year for rentals or other payments due under <br /> the Lease and if other funds are not available for such payments, then a "Non-Appropriation" shall be deemed to have <br /> occurred. if a Non-Appropriation occurs,then: (i)Lessee shell give Lessor immediate notice of such Non-Appropriation and <br /> provide written evidence of such failure by Lessee's governing body at least sixty(80)days prior to the end of the then current <br /> fiscal year or if Non-Appropriation has not occurred by that date,immediately upon such Non-Appropriation;(ii)no later than <br /> the last day of the fiscal year for which appropriations were made for the rentals due under the Lease(the"Return Date"), <br /> Lessee shall return to lessor all,but not less than all,of the Equipment covered by the Lease,etLessee's sole expanse,in <br /> accordance with the terms hereof;and(Iii)the Lease shall terminate on the Return Date without penalty or expense to Lessee <br /> and Lessee shall not be obligated to pay the rentals beyond such fiscal year,provided,that Lessee shall pay ell rentals and <br /> other payments due under the Lease for which moneys shall have been appropriated or are otherwise available, provided <br /> further,that Lessee-shall pay month-to-month rent at the rate set forth in the Lease for each month or part thereof that Lessee <br /> fails to return the Equipment as required herein. <br /> 3. The Leese shall be deemed executory only to the extent of monies appropriated and available for the purpose of the <br /> Lease,and no liability on account thereof shall be Incurred by the Lessee beyond the amount of such monies. The Lease <br /> is not a general obligation of the Lessee. Neither the full faith and credit nor the taxing power of the Lessee are pledged to <br /> the payment of any amount due or to become due under the Lease. It is understood that neither the Lease nor any <br /> representation by any public employee or officer creates any legal or moral obligation to appropriate or make monies <br /> available for the purpose of the Lease. <br /> 4. The Lessee end Lesser agree that they intend the Leese to be an operating lease and that by the execution thereof, <br /> Lessee acquires no ownership interest in the Equipment whether vested or contingent. The Lessee's Interest in the <br /> Equipment is limited to that of a lessee and Lessor retains all the rights of owner therein. Any provisions indicating to the <br /> contrary In this Rider are for precautionary purposes only. <br /> IN WITNESS WHEREOF, each of the parties hereto has caused this Rider to be executed es of the day of <br /> 20 . <br /> T. <br /> T• 1ba Financial Se 'us CITY OF SUNNY ISLES BEACH <br /> ( or) (Lessee) <br /> ' <br /> ILI By <br /> (Date) (Date) <br /> Nam-re.#61 ' A NamefThle <br /> + <br /> • <br /> • <br /> • <br /> • <br />