Master Lease Agreement, dated January 9, 2019

 

 

 

 

 

 

1. PROPERTY LEASED. Lessee hereby leases from Lessor the goods ("Property") together with any replacements, additions, repairs, now or hereafter incorporated therein all as acceptable to Lessor and as described in any Schedule to Master Lease Agreement ("Schedule"), Certificate of Delivery and Acceptance ("Acceptance Certificate") or any related document now or hereafter executed by the parties hereto. Lessee may have elected to finance certain software and/or software licenses(s) ("Licensed Software"), software components, including but not limited to, software maintenance and/or support ("Products"), and/or implementation, integration, training, technical consulting and/or professional services, in connection with software ("Services") from software licensor(s) and or/ supplier(s), all as further described in the agreements(s) between Lessee and the supplier (collectively referred to as "Product Agreement") and as identified on the Schedule (collectively referred to as the "Financed Items", which are included in the term "Property" unless separately stated). Each Schedule shall constitute a separate lease incorporating the terms hereof. This Lease is not an agreement or commitment by Lessor or Lessee to enter into a Schedule. Lessor shall have no obligation to accept, execute or enter into any Schedule or to provide any financial accommodations to Lessee and no Schedule shall be binding on Lessor unless and until executed by Lessor.

 

2. TERM. The Lease shall be effective upon the execution hereof by Lessor. The Lease may consist of an "Installation Period" and an "Initial Term". The Installation Period for each Schedule shall begin on the date identified as the "Installation Date" on the first Acceptance Certificate executed by Lessee and continue to the "Commencement Date" identified on the Schedule. At Lessee's request, Lessor may agree to extend the Installation Period by changing the Commencement Date reflected on subsequent Acceptance Certificates. The Initial Term of the Lease shall begin on the Commencement Date and shall continue for the period as set forth in the Schedule.

 

3. RENT AND PAYMENT. During the Initial Term of the Lease, Lessee shall pay Lessor rent as indicated on the Schedule, which shall be due and payable in advance each month on or before the payment date shown in each Schedule (the "Rent Payment Date"). The term "rent" includes amounts due Lessor for Financed Items. During any Installation Period, for each Acceptance Certificate, Lessee shall pay rent on the Property from the Installation Date on the Acceptance Certificate to the Commencement Date of the Lease. All rent and other amounts due hereunder shall be paid to Lessor at Lessor's address set forth above or at such place as Lessor shall designate. For any rental payment due hereunder which is not paid within five (5) days after the date such payment is due, Lessee shall pay a late charge calculated at a rate of seven and one-half percent (7.5%) of such payment. The parties agree that the amount of such late charge represents a reasonable estimate of the cost Lessor will incur in processing a delinquent payment and that such late charge shall be paid as liquidated damages and not as a penalty. Acceptance of any late charge by Lessor shall not constitute a waiver of default with respect to any overdue amount or prevent Lessor from exercising any other available rights and remedies. Payments received shall be applied first to delinquent amounts due, then to current installments. If any such rental payment is made by check and such check is returned to Lessor for any reason, including without limitation, insufficient funds in Lessee's account, then Lessee shall be assessed a service charge equal to the lesser of $30.00 or the maximum permitted by applicable law, in addition to any other late charge or any other fee which may be applicable.

 

 

4. SELECTION, INSTALLATION AND ACCEPTANCE OF PROPERTY. Lessee hereby acknowledges that (i) all of the Property was selected by Lessee from supplier(s) and/or manufacturer(s) chosen by Lessee; (ii) Lessee is familiar with all supply contract rights provided by the supplier(s) and is aware that the supplier(s) may be contacted for a full description of any rights Lessee may have under any supply contract; (iii) Lessee has relied on its own skill and experience in selecting the Property suitable to its particular needs or purposes and has neither relied upon the skill or judgment of Lessor nor believes that Lessor or its agents possess any special skill or judgment in the selection of the Property for Lessee's particular purposes; (iv) Lessee has not relied on any statement, if any, made by Lessor as to the suitability of the Property; and (v) acknowledges that Lessor is neither the manufacturer nor supplier of the Property nor an agent of any such person.

 

 

 

 

5. LESSOR'S DISCLAIMERS. Lessor has obtained the Property based on specifications furnished by the Lessee. Lessor does not deal in Property of this kind or otherwise hold itself or its agents out as having knowledge or skill particular to the Property. So long as Lessee is not in default under this Lease, Lessor hereby assigns to Lessee, without recourse, all of Lessor's rights arising under any warranties applicable to the Property provided by the manufacturer or any other person. Lessee's sole remedy for the breach of any such warranty shall be against the manufacturer of the Property and not against Lessor. So long as Lessee shall not be in default hereunder, Lessor will not interfere with Lessee's right of quiet enjoyment of the Property. To the extent the Lease includes Financed Items: (i) ownership of any Licensed Software shall remain with the supplier thereof; (ii) Lessee's rights with respect to such Financed Items shall be governed by the separate Product Agreement between the supplier and the Lessee, which shall not be affected by the Lease; and (iii) any Products or Services shall be provided by a supplier unrelated to Lessor. IN NO EVENT SHALL LESSOR HAVE ANY OBLIGATION TO PROVIDE ANY PRODUCTS OR SERVICES, AND ANY FAILURE OF SUCHSUPPLIER TO PROVIDE ANY SUCH PRODUCTS OR SERVICES FINANCED HEREUNDER SHALL NOT EXCUSE LESSEE'S OBLIGATIONS TO LESSOR IN ANY WAY. LESSOR SHALL NOT BE LIABLE TO LESSEE, NOR SHALL THERE BE ANY ABATEMENT OR SETOFF IN LESSEE'S PAYMENTS, FOR ANY LIABILITY, CLAIM, LOSS, DAMAGE OR EXPENSE OF ANY KIND OR NATURE CAUSED BY ANY FINANCED ITEMS.LESSOR ASSUMES NO RESPONSIBILITY FOR AND MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, AS TO THETITLE, DESIGN, COMPLIANCE WITH SPECIFICATIONS, CONDITION, QUALITY, WORKMANSHIP, OR THE SUITABILITY, SAFETY, ADEQUACY, OPERATION, USE OR PERFORMANCE OF THE PROPERTY, OR THEIR MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, OR AS TO PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT. LESSOR SHALL NOT BE LIABLE TO LESSEE FOR ANY REPRESENTATION, CLAIM, BREACH OF WARRANTY, EXPENSE OR LOSS DIRECTLY OR INDIRECTLY CAUSED BY ANY PERSON, INCLUDING LESSOR, OR IN ANY WAY RELATED TO THE PROPERTY.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11. GENERAL INDEMNITY. Lessee assumes liability for, shall defend, indemnify and hold Lessor harmless from and against any and all claims, liabilities, losses, costs, expenses, or damages of any kind or nature (including, without limitation, fines, forfeitures, penalties, settlements, and attorneys' fees) incurred or suffered by any person whomsoever and/or to any property whatsoever, (collectively, "Claims"), including, without limitation, Claims asserting any wrongful, negligent or improper act or omission of Lessor, when such Claims result from or pertain to: (a) the inaccuracy or breach of any representation or warranty of Lessee under the Documents; (b) any failure by Lessee to observe or perform any obligations under or in connection with the Documents; or (c) the leasing, manufacture, delivery, ownership, use, possession, selection, performance, operation, inspection, condition (including without limitation, latent or other defects, and whether or not discoverable), improvements, removal, return or storage of the Property, except, with respect to this clause (c), to the extent arising while the Property is in the possession of Lessor or its agent. Upon request of Lessor, Lessee shall assume the defense of all demands, claims, actions, suits and proceedings against Lessor for which indemnity is provided and shall allow Lessor to participate in the defense thereof.

 

12. INCOME TAX INDEMNITY. Lessee hereby represents, warrants, and covenants to Lessor as follows: (i) this Lease shall be a lease for federal and state income tax purposes; Lessor shall be treated as the purchaser, owner, lessor, and original user of the Property and Lessee shall be treated as the lessee of the Property for such purposes; (ii) Lessor shall be entitled to depreciation deductions with respect to each item of Property as provided by Section 167(a) of the Internal Revenue Code of 1986, as amended (the "Code"), determined under Section 168 of the Code by using the applicable depreciation method, the applicable recovery period, and the applicable convention, all as may be specified on the applicable Schedule for the Property, and Lessor shall also be entitled to corresponding state depreciation deductions; (iii) for purposes of determining depreciation deductions, the Property shall have an income tax basis equal to Lessor's cost for the Property specified on the applicable Schedule, plus such expenses of the transaction incurred by Lessor as may be included in basis under Section 1012 of the Code, and shall be placed in service (and certified as such by Lessee) by the last business day of the same calendar year in which the Schedule for such Property is executed; and (iv) the maximum federal and state income tax rates applicable to Lessor in effect on the date of execution and delivery of a Schedule with respect to an item or items of Property will not change during the lease term applicable to such Property.

 

 

 

 

13. INSURANCE AND RISK OF LOSS. Lessee shall obtain insurance coverage for the Property. The expense of such insurance coverage shall be borne by Lessee and is not covered by Lessee's rental payments hereunder. Lessee shall maintain in force, at all times from shipment of the Property to Lessee until surrender thereof, property damage and risk insurance and liability insurance with such coverage and from such insurance carriers as shall be satisfactory to Lessor. The Property must be insured against all risks that are customarily insured against on the type of equipment leased hereunder. Such insurance policies must name Lessor as additional insured and lender's loss payee. Lessee shall provide ten (10) days advance written notice to Lessor of any cancellation or modification of Lessee's insurance policy(s). Upon request, Lessee shall deliver to Lessor satisfactory evidence of insurance coverage.

 

 

14. DEFAULT. Time is of the essence under this Lease. Lessee shall be in default in the event of any of the following (each, an "Event of Default"): (i) any failure of Lessee to pay when due any installment of rent or any other amount due under the Lease; (ii) any misstatement or false statement in connection with, or nonperformance of any of Lessee’s obligations, agreements, or affirmations under or emanating from, this Lease or the Schedule; (iii) if any of the following actions or proceedings occur and, if involuntary, are not dismissed within sixty (60) days after commencement: insolvency of Lessee under either federal or state law or applicable principles of equity, becoming the subject of a petition or complaint in bankruptcy or in any other proceeding under federal bankruptcy laws, making an assignment for benefit of creditors, or being named in, or the Property being subjected to, a suit for the appointment of a receiver, trustee or conservator (each, an “Insolvency Event”); (iv) the death, dissolution or termination of existence of Lessee; (v) the suspension or cessation of all or substantially all of Lessee’s commercial operations; (vi) any failure of Lessee to procure and maintain any insurance required to be maintained in accordance with this Lease; (vii) if the bankruptcy, insolvency, termination, death, dissolution, or default of any guarantor for Lessee under the guaranty or any other agreement between guarantor and Lessor or an affiliate of Lessor; (viii) any default under any agreement between Lessee and Lessor (other than this Lease) or between Lessee and any affiliate of Lessor; (ix) any non-performance of, or failure to pay, as and when due, any obligation of Lessee, arising independently of this Lease; (x) any removal, sale, transfer, encumbrance, seizure or levy of or upon the Property; (xi) any actual or anticipated (in Lessor’s reasonable discretion) unauthorized revocation, non-renewal or termination of a letter of credit, surety bond or other instrument issued for the benefit of Lessor as additional security for the obligations of Lessee hereunder; and (xii) any unauthorized filing by Lessee of a termination statement for any financing statement filed by Lessor.

 

15. REMEDIES. Upon the occurrence of any Event of Default which continues for more than ten (10) days following notice thereof by Lessor and at any time thereafter, Lessor shall have all the remedies provided by law; and without limiting the generality of the foregoing and without terminating this Lease, Lessor, at its sole option, shall have the right at any time to exercise concurrently, or separately, without further notice to Lessee, any one or all of the following remedies: (i) proceed by appropriate court action, either at law or in equity, to enforce performance by Lessee of the Lease; (ii) request Lessee return the Property or assemble the Property and make it available to Lessor, at a place designated by Lessor; (iii) immediately and without legal proceedings or notice to Lessee, enter the premises, take possession of, remove and accept the Property or render it unusable (any such taking shall not terminate this Lease); (iv) declare the entire amount of rent and other sums payable hereunder immediately due and payable; however, in no event shall Lessor be entitled to recover any amount in excess of the maximum permitted by applicable law, provided, however, if an Insolvency Event occurs, such amounts will become immediately and automatically due and payable without any action of Lessor and without notice to or demand on Lessee; (v) cancel the Lease as to any or all items of Property. Such cancellation shall occur only upon notice by Lessor and only as to such items as Lessor specifically elects to cancel. The Lease shall continue in full force and effect as to any remaining items; (vi) recover all of the following (collectively, “Damages”): (a) any accrued and unpaid rent and any other sums payable under this Lease, including, without limitation, any liability for taxes set forth in this Lease; plus (b) as liquidated damages for loss of a bargain and not as a penalty, an amount equal to the Stipulated Loss Value as of the date of default, plus (c) any indemnity payment, if then determinable; plus (d) all commercially reasonable costs incurred by Lessor in any repossession, recovery, storage, repair, sale, re-lease or other disposition of the Property, including attorney’s fees and costs of collection of any amounts hereunder, including any collection agency fee; and (e) the value of all tax benefits lost to Lessor as a result of Lessee’s default or the enforcement by Lessor of any remedy, plus interest ("Default Interest") on each of the foregoing, from the date such amounts are due until paid, at the lesser of: (y) the maximum rate per annum which Lessor is permitted by law to charge, or (z) twelve percent (12%) per annum; and (vii) Lessor may, but is not required to, re-lease or sell the Property, or any portion thereof, at public or private sale on such terms and to such persons as Lessor shall elect. The proceeds of any such lease or sale shall be applied in the following order of priorities: (i) to pay all of the Damages in such order as Lessor shall determine, then (ii) to pay all amounts owed hereunder. Any remaining proceeds will reimburse Lessee for payments which it made pursuant to section (vi) above to reduce the amounts owed to Lessor hereunder. Lessor shall keep any excess. If the proceeds from any sale or lease of the Property is not sufficient to pay the amounts owed Lessor under this Section, Lessee shall pay the deficiency.

 

 

 

16. FINANCIAL REPORTS. Within thirty (30) days after Lessor's request (or such longer period as provided herein), Lessee shall deliver all information (including tax returns) requested by Lessor which Lessor deems reasonably necessary to determine Lessee's current financial condition and faithful performance of the terms hereof. This may include: (i) reviewed, audited or compiled annual financial statements (including, without limitation, a balance sheet, a statement of income, a statement of cash flow, a statement of changes in equity, and notes to financial statements) within 120 days after Lessee's fiscal year end, and (ii) management-prepared interim financial statements within 45 days after the requested reporting period(s). Annual statements shall set forth the corresponding figures for the prior fiscal year in comparative form, all in reasonable detail without any qualification or exception deemed material by Lessor. Unless otherwise accepted by Lessor, each financial statement submitted to Lessor shall be prepared in accordance with generally accepted accounting principles consistently applied and shall fairly and accurately present the Lessee's financial condition and results of operations for the period to which it pertains.

 

17. ENTIRE AGREEMENT, WAIVERS, SUCCESSORS, NOTICE, ETC. This Lease and any Schedule and associated Documents contain the entire agreement of the parties and shall not be qualified or supplemented by course of dealing. No waiver or modification by Lessor of any of the terms or conditions hereof shall be effective unless in writing signed, or an electronic record duly authenticated, by an authorized signatory of Lessor. No waiver or indulgence by Lessor of any default or deviation by Lessee of any required performance shall be a waiver of Lessor's right to subsequent or other full and timely performance. This Lease shall be binding on the parties hereto and their respective successors and assigns and shall inure to the benefit of such successors and assigns. Paragraph headings shall not be considered a part of this Lease. Except as expressly provided otherwise herein, Lessor may grant, withhold, or condition any consent of Lessor required hereunder in Lessor’s sole discretion. Lessor may make a profit from fees, estimated tax payments and other charges that Lessee is required to pay hereunder. If any of the executed Documents are delivered to Lessor by facsimile transmission or by Adobe Acrobat (or equivalent) attachment to an e-mail, such Documents (and signatures thereon) shall be treated as, and have the same force and effect as, originals. Lessor and Lessee agree that the electronic version of this Lease and any Schedule which has been authenticated by Lessor and Lessee in accordance with applicable law and controlled by Lessor (or any assignee of Lessor identified pursuant to Section 6 hereof) shall (pursuant to the rules and regulations of eOriginal, Inc.) constitute the original authoritative version of this Lease and such Schedule; provided that if the “Paper Out” process shall have occurred pursuant to the eOriginal Product Reference Guide, and there shall simultaneously exist both the “Paper Out” printed version and an electronic version of this Lease and such Schedule, then the “Paper Out” printed version of this Lease and such Schedule as identified in the eOriginal audit record and corresponding affidavit shall constitute the sole authoritative version. Both Lessor and Lessee hereby agree that this Lease and any Schedule may be authenticated by electronic means, and expressly consent to the use of the electronic version of this Lease and such Schedule to embody the entire agreement and the understanding between Lessor and Lessee. Reference herein to eOriginal shall mean eOriginal, Inc., Baltimore, MD, or any successor electronic custodian appointed by Lessor and Lessee. Lessee agrees not to raise as a defense to the enforcement of this Lease or any Schedule that Lessee executed or authenticated such Lease or Schedule by electronic or digital means or used facsimile or other electronic means to transmit Lessee’s signature on such Lease or Schedule. Notwithstanding anything to the contrary herein, Lessor reserves the right to require Lessee to sign any instrument manually and to deliver to Lessor an original of such Lease or Schedule. Lessee shall also promptly execute and deliver to Lessor such further documents and take further action as Lessor may request to more effectively carry out the intents and purposes of this Lease. All notices shall be mailed or delivered by facsimile transmission or overnight courier to the respective parties at the addresses shown on any Schedule hereto or such other address as a party may provide in writing from time to time. By providing Lessor with a telephone number for a cellular phone or other wireless device, including a number that Lessee later converts to a cellular number, Lessee is expressly consenting to receiving communications—including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from Lessor and Lessor’s affiliates and agents at that number. This express consent applies to each such telephone number that Lessee provides to Lessor now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from Lessee’s cellular provider.

 

18. ATTORNEYS' FEES, GOVERNING LAW, JURY WAIVER. Upon demand, Lessee will immediately reimburse Lessor for all reasonable attorneys' fees and all other costs, fees and out-of-pocket disbursements incurred by Lessor in connection with the preparation, execution, delivery, administration, interpretation, defense and enforcement of this Lease or any of the other Documents, including, without limitation, waivers, consents, and amendments related to this Lease and the other Documents as well as reasonable attorneys' fees and other costs and fees (a) incurred before or after commencement of litigation or at trial, on appeal or in any other proceeding, and (b) incurred in any bankruptcy proceeding of Lessee, whether voluntarily or involuntarily filed. Lessee will also reimburse Lessor for all costs of collection, including all attorneys' fees, before and after judgment, any collection agency fee, and the costs of preservation and/or liquidation of any Property. This Lease, and the rights and liabilities of the parties shall be governed by and construed in accordance with the internal laws (without regard to the conflict of laws provisions) of the State of Minnesota, but giving effect to federal laws applicable to national banks. Any legal action or proceeding with respect to this Lease shall be brought in the State of Minnesota, and, by execution and delivery of this Lease, each of the parties consents to the jurisdiction of such court and waives any defense of lack of jurisdiction or inconvenient forum. LESSOR AND LESSEE EACH IRREVOCABLY WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY LITIGATION ARISING FROM OR RELATED TO THIS LEASE.

 

19. SEVERABILITY; SURVIVAL. In the event any of the provisions of the Lease shall be held invalid, illegal or unenforceable, that provision shall be considered inapplicable and omitted, but shall not invalidate the remaining provisions of the Lease. In no event shall the Lease be enforced in any way that permits Lessor to charge or collect interest in excess of the maximum lawful rate. Lessee agrees that Lessor shall not be subject to any penalties provided by law for contracting for or collecting interest in excess of the maximum lawful rate and Lessor agrees to return any such excess to Lessee. All of Lessor's rights, privileges and indemnities contained herein shall survive the expiration or other termination of the Lease and any Schedule, and the rights privileges and indemnities contained herein are expressly made for the benefit of, and shall be enforceable by, Lessor, its successors and assigns.

 

 

20. POWER OF ATTORNEY. LESSEE HEREBY AUTHORIZES AND APPOINTS LESSOR AS ITS ATTORNEY-IN-FACT TO COMPLETE AND EXECUTE IN LESSEE'S NAME AND TO MAKE NON-MATERIAL AMENDMENTS (INCLUDING COMPLETING AND CONFORMING THE DESCRIPTION OF THE PROPERTY (INCLUDING SERIAL NUMBERS)) ON ANY DOCUMENT IN CONNECTION WITH THIS AGREEMENT AND TO OBTAIN, ADJUST AND SETTLE ANY INSURANCE REQUIRED BY THIS AGREEMENT AND TO ENDORSE ANY DRAFTS IN CONNECTION WITH SUCH INSURANCE.

 

 

21. USA PATRIOT ACT NOTICE. IMPORTANT INFORMATION ABOUT PROCEDURES: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer who opens an account. When Lessee enters a new transaction with Lessor, Lessor will ask for Lessee's name, address and other information that will allow Lessor to identify Lessee. Lessor may also ask to see other documents that substantiate Lessee's identity.

 

 

 

 

 

1) That the Company from time to time leases personal property and/or borrows money or otherwise obtains credit from Creditor and that the entire amount of leasing, borrowing or credit under this resolution at any one time, whether direct or indirect, absolute or contingent, shall be unlimited;

 

2) That any one of the officers, agents, members, or managers designated below is hereby authorized to borrow money and to obtain credit and other financial accommodations (including the leasing of personal property) for the Company; and to execute and deliver on behalf of the Company any and all documentation required in connection therewith in such form and containing such terms and conditions as the person(s) executing such documents shall approve as being advisable and proper and in the best interests of the Company; and that the execution thereof by such person(s) shall be conclusive evidence of such approval; and, as security for the Company's obligations to Creditor to pledge, assign, transfer, mortgage, grant a security interest in, hypothecate, or otherwise encumber any and all property of the Company, whether tangible or intangible; and to execute and deliver all instruments of assignment and transfer;

 

3) That any officer, member, manager, agent or employee of the Company is hereby further authorized to take any and all such other actions as may be necessary to carry out the intent and purposes of these Resolutions, and that any and all actions taken by such person(s) to carry out such intent and purposes prior to the adoption of these Resolutions are hereby ratified and confirmed by, and adopted as the action of, the managers of the Company; and

 

4) That these Resolutions shall constitute a continuing authority to the designated person or persons to act on behalf of the Company, and the powers and authority granted herein shall continue until revoked by the Company and formal written notice of such revocation shall have been given to Creditor. These Resolutions do not supersede similar prior resolutions given to Creditor.

 

 

 

 

 

 

 

 

 

 

 

From: U.S. Bank Equipment Finance, a division of 

U.S. Bank National Association ("Creditor")

and its successors and assigns 

 

 

 

 

Agency/Agent:  Address:   Phone/Fax:

/____________________ _______________ /____________________

Park City Group, Inc. By: _________________________________ Print Name: __________________________ Print Title: ___________________________

 

 

 

 

 

 

Important:	In order to ensure prompt payment of your invoices for equipment shipped to PARK CITY GROUP, INC. ("Customer") please prepare invoices as follows:
Sold/Billed to:	U.S. Bank Equipment Finance, a division of U.S. Bank National Association Attention: Katie Michalek PO BOX 230789 Portland, OR ###-###-####
Ship To: What to Include	Please ship to: Customer at the address specified by Customer. Indicate on your invoice the company name and address specified by Customer.
On Invoice:	● Both "Bill to" and "Ship to" information is required.   ● Equipment ship date   ● Detailed itemization of equipment   ● Detailed, itemized pricing for each piece of equipment   ● Model numbers   ● Part numbers   ● Serial numbers   ● Other relevant equipment or order information
Sales Tax:	Please do not include sales tax on the invoices. U.S. Bank Equipment Finance, a division of U.S. Bank National Association is a lessor under a lease agreement with the Customer and will collect the appropriate sales and use tax from Customer and remit it directly to the tax authorities. We will provide the appropriate state resale exemption certificate. Please request the exemption certificate by email from ***@*** or telephone at ###-###-#### ext. 603-2866. Please include a full address to which the certificate information should be sent.
Payment:	Payment will be released upon return of the original executed Certificate of Delivery and Acceptance
Reference:	Credit Information for U.S. Bank Equipment Finance, a division of U.S. Bank National Association can be found at www.usbank.com.