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Reso 2014-2242
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Reso 2014-2242
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Last modified
1/8/2015 2:50:14 PM
Creation date
7/7/2014 2:49:14 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2014-2242
Date (mm/dd/yyyy)
06/19/2014
Description
Awd Bid 14-04-02 & Nego. Agmt w/TD Bank, for Banking Srvs
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information related to any Account(s) to which the <br />Authorized Representative has access and (iii) engage in <br />any transaction relating to any Account(s) to which the <br />Authorized Representative has access. <br />3.2 Bank may unconditionally rely on the <br />validity and accuracy of any communication or transaction <br />made, or purported to be made. by an Authorized <br />Representative. <br />3.3 Customcr shall take all reasonable <br />measures and exercise all reasonable precautions to prevent <br />the unauthorized disclosure or use of all Access Devices <br />associated with or necessary for Customer's use of the <br />Services. <br />3.4 Customer is not a "consumer" as such <br />term is defined in the regulations promulgated pursuant to <br />the Gramm - Leach - Bliley Act. 15 U.S.C. § 6801 et seq., nor <br />a legal representative of a "consumer.° <br />3.5 Customer shall use the Services only <br />for its own lawful business and government purposes. <br />Customer shall not use the Services for or on behalf of any <br />third party. Customer shall take all reasonable measures <br />and exercise reasonable precautions to ensure that <br />Customer officers. employees and Authorized <br />Representatives do not use the Services for personal, family <br />or household purposes, or any other purpose not <br />contemplated by this Agreement. <br />3.6 Customer and Bank shall comply with <br />(i) all applicable laws, regulations, rules and orders: (ii) the <br />Account Agreement: (iii) all applicable National <br />Automated Clearing Ilouse Association ( "NACI IA") rules. <br />regulations. and policies (iv) the Uniform Commercial <br />Code: (v) Office of Foreign Asset Control ("OFAC ") <br />sanctions: and (vi) all applicable laws, regulations and <br />orders administered by FinCFN (collectively (i) through <br />(vi), "Compliance haws "). <br />4. Account Agreement; Service Fees. <br />4.1 Bank and Customer agree that any <br />Account established by Customer in connection with <br />Services offered by Bank shall be governed by the Account <br />Agreement. including one or more fee schedules issued by <br />Bank for the Account. If there is any conflict between the <br />terms and provisions of this Agreement and the Account <br />Agreement. the terms and provisions of this Agreement <br />shall govern, but only to the extent reasonably necessary to <br />resolve such conflict. <br />4.2 During the Initial Term of this <br />Agreement. as described in Section 14. Customer agrees to <br />compensate Bank for all Accounts and Services that Bank <br />provides pursuant to this Agreement. any Appendices and <br />the Contract, in accordance with the pricing pro forma <br />provided in Bank's proposal ( "the Pricing Pro Forma'). <br />incorporated by reference in the Contract, that applies to <br />the Services (the "Service Fees "). Any fees and charges <br />associated with Accounts or Services that are not specified <br />in the Contract or which are assessed after the conclusion <br />of the Initial Tenn, as described in Section 14, shall be <br />governed by Bank's standard schedule of fees and charges <br />applicable to Accounts or Services generally. unless the <br />parties otherwise mutually agree in writing. By signing <br />below, Customer acknowledges receipt of the Account <br />Agreement and acceptance of the Service Fees. and agrees <br />to be bound by their terms, as those terms may be amended <br />from time to time. <br />4.3 Customer authorizes Bank to charge <br />the Primary Account for all applicable charges and fees to <br />the extent that such charges and fees are not offset by <br />earnings credits or other allowances for Customer's <br />Account(s). if the balance of available funds in the <br />Primary Account is not sufficient to cover such fees, Bank <br />may charge such fees to any other deposit Account <br />maintained by Customer with Bank. Bank may charge a <br />service charge for Account research requested by Customer <br />in accordance with the Pricing Pro Forma or as otherwise <br />set forth in Bank's published schedule of charges for such <br />research. <br />4.4 During the Initial Term of this <br />Agreement. as described in Section 14, Bank may not <br />amend Service Fee(s) associated with those Services <br />provided by Bank in accordance with the Contract. unless <br />by mutual written agreement of the parties. Bank <br />acknowledges and agrees that the fees indicated in the <br />pricing Pro Forma shall control and be in effect for the <br />Initial Term of the Agreement. Notwithstanding the <br />foregoing. Bank may charge or amend Service Fee(s) <br />associated with new or additional Services that Customer <br />may request that arc not included - Scrviccs under the <br />Contract. <br />5. Customer Identification Program. Customer <br />agrees to provide to Bank. before Bank begins providing <br />any Services to Customer, any and all information required <br />to comply with applicable law and Bank's policies and <br />procedures relating to customer identification. Such <br />information may include. without limitation, official <br />certificates of customer existence, copies of Customer <br />formation agreements, business resolutions or equivalent <br />documents. in a form acceptable to Bank authorizing <br />Customer to enter into this Agreement and to receive <br />Services from Bank pursuant hereto, and designating- <br />certain individuals as Customer's Authorized <br />Representatives. <br />6. Software. <br />6.1 Bank may supply Customer with <br />certain software owned by or licensed to Bank to be used <br />by Customer in connection with the Services. Customer <br />agrees that all such software is and shall remain the sole <br />property of Bank and /or the vendor of such software. <br />Customer agrees to comply with all of the terms and <br />conditions of all such license agreements and other <br />documents to which Customer agrees to be bound. Unless <br />otherwise agreed in writing between Bank and Customcr. <br />Customer shall be responsible for the payment of all costs <br />j{r'1'J13l,9:J; J o(62 0613 <br />
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