FARMINGTON BANK REMOTE DEPOSIT EQUIPMENT PURCHASE LEASE by udr50599

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									                                                 FARMINGTON BANK REMOTE DEPOSIT EQUIPMENT
                                                       PURCHASE / LEASE AGREEMENT

                          DESCRIPTION:                                SERIAL NUMBER:                                     UNIT COST / MONTHLY FEE:
  EQUIPMENT INFORMATION




                          MAINTENANCE INFORMATION:                                                                          TOTAL:                 0.00




                          BUSINESS NAME:                                                               FEDERAL TAX ID:
  CUSTOMER INFO




                          LOCATION ADDRESS:                                              CITY:                                       ST:    ZIP:


                                                                                         BUS. PHONE:                     BUS. FAX:
                                                                                         (     )                         (     )
                          MAILING ADDRESS (If different from location address)           CITY:                                       ST:    ZIP:


                          CONTACT NAME:                                                  CONTACT EMAIL:



                          BY SIGNING THIS EQUIPME NT AGREEMENT, I THE CUSTOMER; (I) ACKNOWLEDGE THAT I HAVE READ AND UNDERSTAND THE TERMS AND
                          CONDITIONS ON THE FRONT AND BACK OF THIS AGREEMENT; (II) WILL USE THE EQUIPMENT ONLY FOR BUSINESS PURPOSES; (III)
CONDITIONS
TERMS AND




                          WARRANT THAT THE PERSON SIGNING THIS AGREEMENT HAS THE AUTHORITY TO DO SO; (IV) AGREE THAT THIS AGREEMENT WILL BE
                          GOVERNED BY THE LAWS OF THE STATE OF CONNECTICUT AND CONSENT TO THE JURISDICTION OF ANY LOCAL, STATE, OR FEDERAL
                          COURT LOCATED IN CONNECTICUT.



                          CUSTOMER                                                   PRINT NAME:            TITLE:                         DATE:
                          AUTHORIZED
                          SIGNATURE         x




                                                                                 FOR BANK USE ONLY
  OFFICER




                          FARMINGTON                                                 PRINT NAME:            TITLE:                         DATE:
                          BANK

                          AUTHORIZED
                          SIGNATURE         x




 IP PURCH/LEASE_AGG                             Rev. 09/17/07
                          TERMS AND CONDITIONS OF THE PURCHASE / LEASE AGREEMENT


[   ]                                              LEASE AGREEMENT
       LEASE TERM: THE TERM OF THE LEASE BEGINS ON THE DATE THIS AGREEMENT IS SIGNED AND WILL BE IN EFFECT FOR 36
        MONTHS. AT THE END OF THE LEASE TERM, AT YOUR OPTION, YOU MAY PURCHASE THE EQUIPMENT FOR THE CONSIDERATION OF
        $1.00 OR RENEW THE LEASE AGREEMENT. IF YOU CHOOSE TO TERMINATE THE LEASE AGREEMENT AND PURCHASE THE
        EQUIPMENT, YOU UNDERSTAND THAT ANY AND ALL MAINTENANCE FEES BECOME YOUR SOLE RESPONSIBILITY.

       EQUIPMENT LOCATION, USE, REPAIR AND RETURN: YOU AGREE TO LEASE THE REQUIRED EQUIPMENT FROM THE BANK. YOU
        AGREE TO KEEP AND USE THE EQUIPMENT ONLY AT THE “EQUIPMENT LOCATION” INDICATED IN THIS AGREEMENT. YOU MAY
        NOT MOVE THE EQUIPMENT WITHOUT OUR PRIOR WRITTEN CONSENT. YOU AGREE NOT TO MAKE ANY MODIFICATIONS,
        ALTERATIONS, ADDITIONS OR REPLACEMENTS TO THE EQUIPMENT WITHOUT OUR PRIOR WRITTEN CONSENT. ALTERATIONS,
        MODIFICATIONS, ADDITIONS AND REPLACEMENTS BY COMPANY WILL BECOME PART OF THE EQUIPMENT AND OUR PROPERTY AT
        NO COST OR EXPENSE TO US. EQUIPMENT REQUIRING REPAIR OR MAINTENANCE WILL BE EITHER REPAIRED ON SITE BY AN
        AUTHORIZED BANK REPRESENTATIVE OR REPLACED WITHIN 2 BUSINESS DAYS IF NOTIFIED BEFORE 4:00 PM, WEEKDAYS, MONDAY
        THROUGH FRIDAY EXCLUDING HOLIDAYS. IF YOU FAIL TO RETURN THE RENTAL EQUIPMENT UPON TERMINATION OF THIS
        AGREEMENT, YOU SHALL BE, AND AGREE TO BE, IMMEDIATELY LIABLE FOR THE FULL REPLACEMENT PURCHASE PRICE OF THE
        EQUIPMENT.

       LOSS OR DAMAGE: AS BETWEEN YOU AND US, YOU ARE RESPONSIBLE FOR ANY LOSS, THEFT OR DESTRUCTION OF, OR DAMAGE
        TO THE EQUIPMENT, (COLLECTIVELY, “LOSS”) FROM ANY CAUSE AT ALL, WHETHER OR NOT INSURED UNTIL IT IS DELIVERED TO
        US AT THE END OF THE TERM. YOU MUST NOTIFY US IN WRITING IMMEDIATELY OF ANY LOSS; THEN AT OUR OPTION, WE WILL
        EITHER REPAIR THE EQUIPMENT SO THAT IT IS IN GOOD CONDITION AND WORKING ORDER OR REPLACE IT

       TITLE, RECORDING: WE ARE THE OWNER AND WILL HOLD TITLE TO THE EQUIPMENT. YOU AGREE TO KEEP THE EQUIPMENT
        FREE OF ALL LIENS AND ENCUMBRANCES.

       DEFUALT: EACH OF THE FOLLOWING IS A DEFAULT UNDER THE AGREEMENT: (A) YOU FAIL TO PAY ANY PAYMENT WITHIN 10
        DAYS OF ITS DUE DATE; (B) YOU BECOME INSOLVENT, YOU DISSOLVE, YOU ASSIGN YOUR ASSETS FOR THE BENEFIT OF YOUR
        CREDITORS, YOU SELL, TRANSFER OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF YOUR ASSETS OR YOU ENTER
        (VOLUNTARY OR INVOLUNTARY) ANY BANKRUPTCY REORGANIZATION PROCEEDING; (C) WITHOUT OUR PRIOR WRITTEN
        CONSENT, YOU MERGE OR CONSOLIDATE WITH ANY OTHER ENTITY AND YOU ARE NOT THE SURVIVOR OF SUCH MERGER OR
        CONSOLIDATION.

       REMEDIES: IF A DEFAULT OCCURS, WE MAY CANCEL OR TERMINATE THIS AGREEMENT THAT WE HAVE ENTERED INTO.




[   ]                                          PURCHASE AGREEMENT
       EQUIPMENT LOCATION, USE AND REPAIR: YOU AGREE TO PURCHASE THE REQUIRED EQUIPMENT FROM THE BANK. YOU AGREE
        TO KEEP AND USE THE EQUIPMENT ONLY AT THE “EQUIPMENT LOCATION” INDICATED IN THIS AGREEMENT. YOU AGREE TO
        NOTIFY THE BANK IF THIS LOCATION CHANGES. YOU AGREE NOT TO MAKE ANY MODIFICATIONS, ALTERATIONS, ADDITIONS OR
        REPLACEMENTS TO THE EQUIPMENT WITHOUT NOTIFYING THE BANK. ALL EQUIPMENT REQUIRING REPAIR OR MAINTENANCE
        WILL BE THE SOLE RESPONSIBILITY AND COST OF THE PURCHASER. IF A TEMPORARY RENTAL IS REQUIRED DUE TO EQUIPMENT
        MALFUNCTION, ONE WILL BE PROVIDED TO YOU BY AN AUTHORIZED BANK REPRESENTATIVE WITHIN 2 BUSINESS DAYS IF
        NOTIFIED BEFORE 4:00 PM, WEEKDAYS, MONDAY THROUGH FRIDAY EXCLUDING HOLIDAYS.

       LOSS OR DAMAGE: AS BETWEEN YOU AND US, YOU ARE RESPONSIBLE FOR ANY LOSS, THEFT OR DESTRUCTION OF, OR DAMAGED
        TO THE EQUIPMENT, (COLLECTIVELY, “LOSS”) FROM ANY CAUSE AT ALL, WHETHER OR NOT INSURED. YOU MUST NOTIFY US IN
        WRITING IMMEDIATELY OF ANY LOSS.

       TITLE, RECORDING: THE CUSTOMER IS THE OWNER OF AND WILL HOLD TITLE TO THE EQUIPMENT.


       INDEMNIFICATION:    YOU ARE RESPONSIBLE FOR ANY LOSSES, DAMAGES, PENALTIES, CLAIMS, SUITS AND ACTIONS
        (COLLECTIVELY, “CLAIMS”) WHETHER BASED ON A THEORY OF STRICT LIABILITY, OR OTHERWISE CAUSED BY, OR RELATED TO,
        OR IN ANY MANNER ARISING FROM THE EQUIPMENT. YOU AGREE TO REIMBURSE US FOR, AND IF REQUESTED, TO DEFEND US
        AGAINST ANY CLAIMS.

       MISCELLANEOUS: ANY CHANGE IN ANY OF THE TERMS AND CONDITIONS OF THIS AGREEMENT MUST BE IN WRITING AND
        SIGNED BY US. ALL NOTICES SHALL BE GIVEN IN WRITING BY THE PARTY SENDING THE NOTICE AND SHALL BE EFFECTIVE WHEN
        ADDRESSED TO THE PARTY RECEIVING THE NOTICE AT THE CURRENT ADDRESS AS IT APPEARS IN THE BANK’S RECORDS, (OR TO
        ANY OTHER ADDRESS SPECIFIED BY THAT PARTY IN WRITING), AND POST-MARKED BY THE US MAIL SERVICE. ALL OF OUR
        RIGHTS AND INDEMNITIES WILL SURVIVE THE TERMINATION OF THIS AGREEMENT.

       SUPPLIES: COMPANY MAY PURCHASE COMPATIBLE INK CARTRIDGES FROM AN OFFICE SUPPLY STORE, OR SERVICING AGENT.

       EXCEPT AS OTHERWISE DESCRIBED IN THIS AGREEMENT, WE DISCLAIM ALL WARRANTIES, WHETHER WRITTEN, ORAL,
        EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ANY WARRANTY OR
        MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.




IP PURCH/LEASE_AGG     Rev. 09/17/07

								
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