Okaloosa County BOCC — January 19, 2016 — Master Lease Agreement — reading text

end of the last fiscal period in which Lessee has sufficient appropriations for such Lease. If Lessee fails to deliver possession of a System to Lessor upon termination of a Lease by reason of a Budget Event, the termination shall neverthe- less be effective, but Lessee shall be responsible for the payment of damages in an amount equal to all Payments thereafter coming due under the Lease and for any other loss suffered by Lessor as a result of Lessee’s failure to deliver possession as required.” 3. A new section 24 is added to the Agreement and shall read as follows: “24. Payments. Each of Lessor and Lessee intend that the obligation of Lessee to make Payments under each Lease shall constitute a current expense of Lessee and shall not in any way be construed to be a debt of Lessee in contravention of any applicable constitutional or statutory limitation or requirement concerning the creation of indebtedness by Lessee, nor shall anything contained herein or in a Lease constitute a pledge of general tax revenues, funds or monies of Lessee. In addition, Lessee reasonably believes that funds can be obtained in amounts sufficient to make Payments during the relevant Lease term and hereby covenants that it will do all things lawfully within its power to obtain, maintain and properly request and pursue funds from which Payments may be made, including making provisions for such payments to the extent necessary in each budget submitted to its governing body for the pur- pose of obtaining funding, using its best efforts to have such portion of the budget approved and exhausting all available administrative reviews and appeals in the event such portion of the budget is not approved. 4. This Addendum supplements the Agreement. In the event of any conflict, inconsistency or incongruity between the provisions of this Addendum and any of the provisions of the Agreement, the provisions of this Addendum shall in all respects govern and control. IN WITNESS WHEREQF, the parties have caused this Fiscal Funding Addendum to be executed on the date first set forth above. Lessee _Okaloosa County Lessor _PHILIPS MEDICAL CAPITAL, LLC s =& % Lz'g' Signature X % E_ Signature X =2 print Name _Charles K. Windes, Jr. =3 | print Name Title Chairman, Board of County Commissioners Title Witness Signature X Witness Signature X Print Name Print Name Title Title ©2011 All Rights Reserved. Printed in the U.SA. 06PHIL536v1 12/11 06PHIL596v1 Philips Medical Capital Insurance Information 1111 Old Eagle School Road, Wayne, PA 19087 PHONE: (866) 514-4PMC e FAX: (866) 640-4PMC Please fill in the information below and return this form with your documents. Lessee Name Okaloosa County fifteen (15) Philips Equipment Location City State Zip 714 Essex Road Fort Walton Beach FL 32547 Qty Make Model Description HeartStart MRX monitors with accessories Insurable Value $353,090.41 Name of Insurance Broker X Contact Name X Telephone Number X Fax Number X Name of Insurance Carrier Policy (or Binder) # Effective Date Expiration Date Amount of Coverage Property Insurance - not less than the replacement value of the equipment Comprehensive Public Liability - $1,000,000 per occurrence You must maintain the insurance coverage set forth above during the entire term of the lease. This insurance must be in place when the equipment is delivered and may not be reduced or terminated except with 30 days advance written notice to Philips Medical Capital, LLC. “Philips Medical Capital, LLC its successors and/or assigns” must be named as lender loss payee on property insut- ance for the equipment and Additional-Insured on general and professional liability insurance. IN WITNESS WHEREQF, the undersigned has entered into this Authorization effective as of _X (date) & || gssee _Okaloosa County E S| & Signature X E Print Name __ Charles K. Windes, Jr. 4 |1ite _Chairman, Board of County Commissioners ©2013 All Rights Reserved. Printed in the U.S.A. 05PHIL549v1 8/13 05PHIL549v1