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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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statement of' the agreement between them with respect to <br />the Services. and supersede any prior oral or written <br />understandings. representations, and agreements between <br />the parties relating to the Services. <br />21. Amendments. Bank may, at any lime, amend <br />this Agreement. the Services or Appendices in its sole <br />discretion and from time to time where such amendments <br />apply to all or substantially all of the Bank's Cash <br />Management Services customers. except to the extent that <br />any such amendments contravene any provisions of this <br />Agreement or the provisions of the Contract that the parties <br />previously amended, customized or otherwise specially - <br />negotiated. Bank may provide notice to Customer of such <br />amendments in accordance with the provisions of the <br />Contract. Customer may terminate this Agreement. <br />including any associated Appcndix(ces). immediately upon <br />its receipt of notice of an amendment that is not acceptable <br />to Customer. Except as expressly provided otherwise in <br />this Agreement. any such changes generally will be <br />effective immediately upon notice to Customer as <br />described below. Customer will be deemed to accept any <br />such changes if Customer accesses or uses any of the <br />Services after the date on which the change becomes <br />effective. Customer will remain obligated under this <br />Agreement and any Appendices. including without <br />limitation. being obligated to pay all amounts owing <br />thereunder. even if Bank amends this Agreement or any <br />Appendices. Notwithstanding anything to the contrary in <br />the Contract. this Agreement or in any Appendix, if Bank <br />believes immediate action is required for security of Bank <br />or Customer funds. Bank may immediately initiate changes <br />to any security procedures and provide prompt subsequent <br />notice thereof to Customer. <br />22. Severability. If any provision of this Agreement <br />shall be determined by a court of competent.jurisdiction to <br />be unenforceable as written, that provision shall be <br />interpreted so as to achieve, to the extent permitted by <br />applicable law, the purposes intended by the original <br />provision. and the remaining provisions of this Agreement <br />shall continue intact. In the event that any statute. <br />regulation or government policy to which Bank is subject <br />and that governs or affects the transactions contemplated by <br />this Agreement. would invalidate or modify any portion of <br />this Agreement, then this Agreement or any part thereof <br />shall be deemed amended to the extent necessary to comply <br />with such statute. regulation or policy. and Bank shall incur <br />no liability to Customer as a result of Bank's compliance <br />with such statute. regulation or policy. <br />23. Assignment and Delegation. Bank may not <br />assign any of its rights or delegate any of its responsibilities <br />in whole or in part without notice to or consent from <br />Customer. Notwithstanding the foregoing. for the purposes <br />of this Agreement. Customer acknowledges and agrees that <br />the acquisition of all or substantially all of Bank's assets by <br />another institution shall not be deemed an assignment. nor <br />shall the transfer of this Agreement or any of Bank's rights <br />or obligations hereunder to an affiliate be considered an <br />assignment. Additionally, for any subcontracting or <br />assignment for which Bank must otherwise obtain the <br />Customer's consent, such consent shall not be unreasonably <br />withheld. Customer may not assign, delegate or otherwise <br />transfer its rights or responsibilities under this Agreement <br />without Bank's prior written consent, which consent Bank <br />may grant or withhold in its sole discretion. <br />24. Successors. This Agreement shall be binding <br />upon and inure to the benefit of the parties and their <br />successors and permitted assigns. <br />25. Non - Waiver. No deviation from any of the <br />terms and conditions set forth or incorporated in this <br />Agreement shall constitute a waiver of any right or duty of <br />either party, and the failure of either party to exercise any <br />of its rights hereunder on any occasion shall not be deemed <br />to be a waiver of such rights on any future occasion. <br />26. INTENTIONALLY OMITTED <br />27. Notices. <br />27.1 Except as otherwise expressly provided <br />in this Agreement, all notices that are required or permitted <br />to be given by Customer (including all documents <br />incorporated herein by reference) shall be sent by first class <br />mail. postage prepaid, and addressed to Bank at the address <br />provided to Customer in writing for that purpose. All such <br />notices shall be effective upon receipt. <br />27.2 Customer authorizes Bank to, and <br />Customer agrees that Bank may, send any notice or <br />communication that Bank is required or permitted to give <br />to Customer under this Agreement. including but not <br />limited to notice of any change to the Services, this <br />Agreement or any Appendix. to Customer's business <br />mailing address or Customer's business e -mail address as it <br />appears on Bank's records, or electronically by posting the <br />notice on Bank's website, on an Account statement or via <br />facsimile. and that any such notice or communication will <br />be effective and deemed delivered when provided to <br />Customer in such a manner. Customer agrees to notify <br />Bank promptly about any change in Customer's business <br />mailing or Customer's business e -mail address and <br />acknowledges and agrees that no such change will be <br />effective until Bank has had a reasonable opportunity to act <br />upon such notice. Customer agrees that Bank may consider <br />any such notice or communication as being given to all <br />Account owners when such notice or communication is <br />given to any one Account owner. <br />28. Jury Trial Waiver. 13ANK AND CUSTOMER <br />FAC11 AGREE THAT NEITHER BANK NOR <br />CUSTOMER SHALL (1) SEEK A JURY TRIAL IN ANY <br />LAWSUIT, PROCEEDING. COUNTERCLAIM. OR <br />ANY OTHER ACTION BASED UPON, OR ARISING <br />OUT OF, TI IIS AGRFF,MENI' OR ANY ACCOUNT OR <br />THE DEALINGS OF THE RELATIONSHIP BETWEEN <br />BANK AND CUSTOMER. OR (11) SEEK 1-0 <br />CONSOLIDATE ANY SUCII ACTION WITH <br />ANOTHER IN WHICH A JURY TRIAL, CANNOT BE <br />OR IIAS NOT BEEN WAIVED. THE PROVISIONS OF <br />THIS SECTION SHALL, BE SUBJECT TO NO <br />jW1913697 . 1,1 10 of6, 0613 <br />
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