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  • Bloomingdale Road Recovery, Llc, Assignee To Cherrywood Enterprises, Llc Assignee To Financial  Pacific Leasing, Inc. v. Cable Infrastructure Maintenance Corp, Willman Rafael GutierrezOther Matters - Contract - Other document preview
  • Bloomingdale Road Recovery, Llc, Assignee To Cherrywood Enterprises, Llc Assignee To Financial  Pacific Leasing, Inc. v. Cable Infrastructure Maintenance Corp, Willman Rafael GutierrezOther Matters - Contract - Other document preview
  • Bloomingdale Road Recovery, Llc, Assignee To Cherrywood Enterprises, Llc Assignee To Financial  Pacific Leasing, Inc. v. Cable Infrastructure Maintenance Corp, Willman Rafael GutierrezOther Matters - Contract - Other document preview
  • Bloomingdale Road Recovery, Llc, Assignee To Cherrywood Enterprises, Llc Assignee To Financial  Pacific Leasing, Inc. v. Cable Infrastructure Maintenance Corp, Willman Rafael GutierrezOther Matters - Contract - Other document preview
  • Bloomingdale Road Recovery, Llc, Assignee To Cherrywood Enterprises, Llc Assignee To Financial  Pacific Leasing, Inc. v. Cable Infrastructure Maintenance Corp, Willman Rafael GutierrezOther Matters - Contract - Other document preview
  • Bloomingdale Road Recovery, Llc, Assignee To Cherrywood Enterprises, Llc Assignee To Financial  Pacific Leasing, Inc. v. Cable Infrastructure Maintenance Corp, Willman Rafael GutierrezOther Matters - Contract - Other document preview
						
                                

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FILED: NEW YORK COUNTY CLERK 09/06/2022 07:01 PM INDEX NO. 157573/2022 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 09/06/2022 Exhibit A FILED: NEW YORK COUNTY CLERK 09/06/2022 07:01 PM INDEX NO. 157573/2022 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 09/06/2022 EQUiPMENT FINANCE AGREEMENT Agreement# 1390001.301 THIS EQUIPMENTFINANCE AGREEMENT FAgreemenn IS SUBJECT TO THE TERMS AND CONDITIONS PRINTED HEREON AND ON THE FOLLOWING PAGES. 3Ci-iEDULES. AND ADDENDUEIS ALL OF V4licli ARE MAGE A PART liEREGF AND V4:1Cii CUSTOMER ACKNCV.LEGGCG:iAVING READ PLEASE READ PaymentDue Date Due date is dependent upon when funds are released to vour vendor to cornmeacethe contract !! em N e her the AcceptanceDate and First Payment Date) = Total Pro rata payrnentis bil ed on your first invoice "!E!S..*!0r! C . !CEL E CO"MERC ^.'. ACREE"E*'T cCR E !M C. TEn A tomer Ise(mrecl Partv CABLE INFRASTRUCTURE MAINTENANCE CORP |FinancialPacific Leasing, Inc IN CONSIDERATION OF SFr.IIRFOPARTY FNTFRING INTO THIS AGREEMENT THE UNDERSIGNED (ŽOU") UNCONDITIONALLY AND IRREVOCABLY OUMMANItt GUbBUMtM d I IMtL Y PMYMtN I MNU PtNPUMMMNUt UrMLL UtSLlbMI lOND UNUtM INIb MbNttMt01I TUU MONtt IMMI VVCMMT FMUUttU U)ECTLY AGAINST YOU Wil HOUT HMS I PHOGEEDINGAGAINSI CUSTOMEROR PURSUING OTHER REMEDIES. YOU WAIVE ALL SURETYSHIP DEFENSES r enmCAMDACCCDVAI I CIITIIDC DCnIT DDont I TC Akin CEOt/I CC VAI I ACDCCT4.4ATTutC A DECRACAIT oual IDC AAt/CDMCh DV SAfA CufMA M CTATC IIf %I6-4L IIIIJICitif' IIf tN ( . fatU Vfil I f *(1N4'5·.N . aNV t'f i.15JI IN SATA4'HuNT Afath/f¯TS-80GPSta.4 T( %N AMil vfis t I I () 4 IIIWV I fJIA4 I .-.gNfat44WANŠ v MAY 5-48- I ' .11aI t AM F)Al- AFI 'I 6T15- Q00- 7 I X ; X RE¼ EPTÁNCE YOU CERDFY. _-THAT . THFFOUIPMENTHAS BEEN . .. -. . .... - __ ..-- . _ . ..RECEIVED. ___.. _ YOU HAVE HAD A ..... . .-REASONABLEOPPORTUNITYTO -- _ . .. - - ...--.-- . __ _INSPECTIT. ._ .. .. .....- YOU _ .HAVE ....-,INSPECTEDIT IT ..... __ _.. .AND _ -. .. x & , .. .. .. .. . // . .- ,. . , . .. ,-.. . , .. .. .. ., .- . e.etate ..-smeste.stemee"#teme a.eig"sem .out es.eswas .e . . . .o . . .. e . WARRANTIES, EXPRESS OR IMPLIEO. INCLUDING WARRANTIES OF MERCHANTABILI'fY OR FITNESS FOR A PARTICULAR PURPOSE, QUALITY, DESIGN, CONDITION. CAPACITY. SUITABILITY. PERFORMANCE. MATERIAL OR WORKMANSHIP. PATENT INFRINGMENT. OR OTI·ERWISE. YOU AGREE THAT REGARDLESSOF CAUSE WE ARE NOT LIASLE FOR ANY LOSS OR INJURY TO YOU OR ANY THIRD PERSON OR PROPERTY, INCLUDNG DIRECT, INDIRECT, CONSEQUENTIAL.INCIDENTAL OR SPECIAL DAMAGES OR SETOFF AND YOU WILL NOT MAKE ANY SUCH CLAIM AGAINST US. YOU AGREE TO BEAR ALL RISK OF LOSS ASSOCIATED WITH THE EQUIPMENT AND YOU AGREE THAT YOUR OBLIGATIONS UNDER THIS AGREEMENT ARE ABSOLUTE AND FILED: NEW YORK COUNTY CLERK 09/06/2022 07:01 PM INDEX NO. 157573/2022 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 09/06/2022 Equipment shall remain personal property even if installed in or affixed to real haveunder any industrialinsurancelaw. M. DEFAULTANO REMEDIES.Each of the followingwill cause you to be in defauM: property. You acknowledgethat you have selected the Equipmentand supplierand that we have not participatedin any way with your selection. You acknowledgethat (a) you fail lo pay any amount due under this Agreementwhen due; (b) you fail to we are not affiliatedwilb the suppheror manufacturerof the Equipmentand no agent performor observe any covenant,condition. or obligationslated in this Agreementor any other agreementwith us, (c) you becorne insolvent,you assign your assets for of the supplier or manufaclurer is authorized 10 alter this Agreement or act on our behalf. the benefit of creditors. or you voluntarily or involuntarilybecome the subject of a 3. TERM. The initial term la set forth on the first page of this Agreement.The start bankruptcyor reorganization proceeding;(d) any guarantorof this Agreement dies. date of the initial tenn shall be on the Acceptance Date. The term shall end on the falls to performits obligationsas a guarantor.or becomessubjectto one of the events earlier of the folfowing. (a} your full performance of each obligation set forth in this listed in (c) above: or (d) we, in good faith. deem ourselvesinsecureas a result.of a Agreement. including schedules and amendments; or (b) when we terminate this material adverse change in your financial condition or otherwise.If you are ever in Agreementin accordwith its terms. default,we may elect one or more of the following remedieswith or without notice to 4. PAYMENT;SECURITYDEPOSIT.You will make all payments requiredunder Ihis you: (1) retain your deposit and all payments made by you; (2) terminate this Agreementwhen due to us at the address we designate. Paymentsshall commence Agreement and any other agreetmentswe have with you; (3) require you to on the Due Date indicated above imrnediately following the start date of the initial immediatelypay us a sum equal to all unpaid payments for the remainderof this 1erm,You agree to make a pro rata payment for the period betweenthe start date of due or Agreement, plus all other amountstobecome due the during term ofthis the initiaf term and the due date of the first full payment If we do not receive a Agreement;(4) require you to prornptlyreturn the Equipmentto us at your expense; paymentwhen due, you will be charged a late fee of 10% of the totai due or $10, (5)enter your withoui property couri orderor and surety youwaiveafi claimaagainst whicheverin greater, and an additional late fee will be charged for each month a us including for trespass or damage and foreclose on. repossess, or render the paymentremainsunpaid You agree that this late fee is a reasonableestimateof the Equipmentunusable:or (6) exercise any other remedyavailableunderapplicablelaw, expense we will incur as a result of a late payment and is not a penalty. You also If we are required to discount any sum payable by you under this Agreernent,you agree to pay a charge for each check or ACH retumed or dishonored.AII arnounts agreethat the discountrate used shattbe 5% per annum.if we take possessionof the past due undef this Agreementwill bear interest at t5% Equipment,we may selt or otherwise dispose of it upon notice required by law at a per month or the maximum lawful rate if less. Any security deposit we require shall secure performanceof all of public or private sale and apply the not proceeds after deducting all costs and your obligationsunder this Agreement. In the event you default, we may apply the expense (includingat10meyfees) relatedto collectionand dispositionto the amounts security deposir, in which case you agree to restore the security deposit upon 15 days' you owe us. You will remain responsiblefor any amount due after we have applied the net proceeds.You agree that if notice of dispositionis required by law, 10 days' writtennotice. You agree that we (nay corningle Ihe security deposit with other funds and that you wiHnot be paid any interest on the security deposit.At 1heend of may bid and purchase Ihe Equipment as notice is reasonable. You agree we the term of this Agreement. inedudingany extension or renewal, provided you have permitted by law. You agree that all remediesare cumulativeand not exclusiveand performedyour fully obligationsunder this Agreement, we will return the balance of you will be responsiblefor ell costs and disbursementsincurredin Ihe enforcementof the securitydepositto you our remedies. including attomey fees and costs, whether or not suit becornes 5. EQUIPMENTLOCAYlON,USE, AND REPAIR. You will keep the Equpment at the necessary. including those incurred in connection with an appeal or bankruptcy location designated in this Agreement absent our advance writlan approval. You proceeding.plus costs incurredin Equipmentrepossession,redelivery.storage,and agree that we may inspect the Equipment upon squest repair. and such olber charges as are assessed in accordancewith our collection during normal business hours. You warrantthat the Equipmentis for commercial purposes only and not for chargeschedule.If we delay or fail 10enforce any of our rightsUnderthis Agreement. consumer,personal.or householdpurposes You agree that we have no obligations we will stiHbe entitledto enforcethoserights at a later time. to repair.rnaintainor replace the Equipment you agree to maintainthe Equipmentin 12. ASSIGNMENT. YOU HAVE NO RIGHT TO SELL, PLEDGE, SUBLEASE, proper workingorder and to bear all expense required. You agree that the Equipment TRANSFER. OR ASSIGN ANY RIGHTS IN THE EQUIPMENT OR THIS will only be used for its intended use. in accord with any insurance policy and AGREEMENT WITHOUT OUR PRIOR WRITTEN CONSENT. We may assign, manufacturer'swarrantycovering the Equipment, and in compliancewith all laws and pledge or Iransfer any of our rights hereunder without notice, You agree that if we regulationsrelatedto its ownership,use and maintenance assign. pledge or transfer any of our rights. the assigneewill have the same rights 6. TITUNG. If requested by us. you agree to cause any Equipmentsubject to title and benefitswe had but none of our obligationsand will not be subjectto any e1aim. registrationlaws to be titled as we direct, You shall advise us promptly as to any defense. or setoff you may have against us. Followingany assignment,the terms andyou shall provide us with all documentsoftitle within sixty (60) "our" shaji be deernedto includeor refer to the assignee. necessaryreti$ng "we","us". and daysof the date on any titling effected by you. 13. INFORMATION: CREDIT REPORTS. YOU AUTHORIZE US AND OUR 7. TAXES AND FEES, You agree to pay. when due, all taxes and fees relating to the ASSIGNEESTO OBTAIN CREDIT REPORTS AND MAKE CREDIT INQUIRIESAS use. ownership.or possessionof the Equipmentand all related interestand penalties WE DEEM NECESSARY.We will inform you upon request if we have sought a and to pay all other obtigationswhich may encumber the Equipment.and provide us consumercredit report and the name and addressof any credit reportingagency that with writtenproofof paymenton request. provideda report.You agree that we may requestand use additionalcreditreports lo 8. RISK OF LOSS. You are responsible for any loss, thefl of. or damage to. the updateour inforrnationwithout furiber notice lo you as long as you have obligations Equipmentfrom ar+ycause ("Loss'') regardlessof whether the Lossis insured.A Loss under this Agreement, Upon our request, you agree to provide us with sistements wiUnot relieveyou of your paymentobligations under this Agreement.In the event of setting forth your financial condition and operations.You warrant that aiI information a Loss,you shall promptlynotify us and place the Equipmentin good repair.condition you have and will deliver to us. including the informationin this Agreement,is true, arid working order; provided, however, if we deterrnine Ihe Equipmentis lost, stolert accurateand correctand you acknowledgethat we are relyingon suchinformationto destroyed,damagedbeyondrepair. or is a constructivetotal ioss under an insurance enter into thisAgreement. policy. you shell pay us the remaining payments due 14. UMtTED AMENDMENTS.You aulhorize us to amend this Agreementwithout under this Agreement discounted to present value at a discount rate of 5% as of the date of Loss as noticeto you if it is necessary to supply missing inforrnation,correctobviouserrors, or determined by us. plus ali other amounts due to us under this Agreementas of the reffect a change in the following: (a) the description of the Equipment,(b) the date of Loss. applicablesafestax rate. or (c) a change in the amountfinanced,not to exceed $10 9. INSURANCE. You agree toobtain andmaintain at or 10%per payment.whicheveris greater, your expense property insurancefor the full replacementvalua of the Equipment, protectmgthe Equiprnent 15. LAW; JURISDICTION.ALL MATTERSRELATEDTO THtS AGREEMENTARE against Loss.and liability insurance, in an amount acceptable to us. but in no event GOVERNED BY THE LAWS OF THE STATE OF WASHiNGTONAND YOU less than $500.000covering any injury. death or third-party property damage arising CONSENT TO THE JURISOICTIONOF ANY STATE OR FEDERAL COURT IN out of or relating to use of the Equipment Efthe Equipment must be litled under tide WASHINGTON.YOU AGREE THAT AT OUR SOLE OPTION THE VENUE FOR registration laws ("Mobile") then you shall obtain and mainlain all risk physical ANY ACTIONARLSINGOUT OF OR RELATEDTO THiS AGREEMENTSHALL BE damage Insurance.All insurance policies must pmvide that no cancellationshall be IN KINGCOUNTY,WASHINGTON.YOUAGREETHATWE HAVETHE OPTIONOF days' effectivewithout thirty (30) prior written notice to us. At our request,you agree COMMENCINGAN ACTION IN ANY COURT HAVINGJURISDICTIONOVER THE to r1ameany party who may have a security interest in Ihe Equipment as Lander's SUBJECT MATTER AND PARTIES. EACH PARTY WAIVES ANY RIGHT TO A Loss Payee.You agree to provide proof of insurance to us upon request.You hereby JURYTRIALAND THE DEFENSEOF INCONVENiENTFORUM. grant us a fimitedpowerof attorneyallowing us to make a claim for. receivepayment 16 NOTICES.Noticesshall be in writing and may be delivered by regufarU.S. mail on, and endorseor execule for our benefit any instrument representingproceedsfrom poslage prepaid,at the respectiveaddressessel Iorth aboveor at suchotheraddress any policy issued on the Equipment. IF YOU FAIL TOPROVIDE PROOF OF as a party may provide by written notice. Notice shall be effectivewhen depositedin INSURANCE ACCEPTABLE TO US. WE HAVE THE RIGHT BUT NOT THE the mail.You agreeto promptlynoliry us of any changeto your address. OBLIGATIONTO SECURE INSURANCE IN SUCH FORM AND AMOUNT AS WE 17. COUNTERPARTS. This Agreement andany documerit pertaining to this DEEM NECESSARYAND YOU AGREE THAT IN ADDITION TO INSURANCE Agreement may be executedin counterpartsand Ihe electronicIransmissionof such PREMlUMSWE MAY CHARGE YOU 1NTERESTAT L5% PER MONTH AND0R documenishallhave the sameIorce and effectas delNery of an originet AN ADMINISTRATIVEFEE WHICH MAY RESULT IN A PROFIT TO US. YOU 18. MISCELLANEOUS.This Agreement represents the entire agreementbetween UNDERSTANDTHAT IF WE PROCUREtNSURANCEYOU MAY PAY MORETHAN you and us regarding the Equipment This Agreementand any amendmentto it are IF YOU HAD PROCURED1NSURANCEAND THE INSURANCEMAY NOT NAME not binding until signed by both parties. unlessotherwiseprovidedherein.The waiver YOU AS AN INSUREDAND MAY NOT FULLY PROTECTYOU IN THE EVENTOF of any terms or conditionsof this Agreementmust be in writing and signed by us. If A LOSS. YOU AGREE THAT DISPUTES REGARDING iNSURANCE OR FEES rnore than one customer has signed this Agreement,each of you agree that your CHARGED FOR PROCURiNG INSURANCE Will BE DETERMINED BY tiability is joint and several. By signing Ihis Agreement. you acknowledgethat you ARBITRATIONCONDUCTED fN SEATTLE. WASHINGTON UNDER THE RULES haveread and understandits terms and Conditionsand you are authorizedto bindthe OF THEAMERICANARBITRATIONASSOCIATION. Customerto the obligationssel forth in this Agreement.If any part of this Agreement 10, INDEMNIFICATION.You are responsiblefor and agree to indemnify,defend,and is found to be invalid, then such part shali be conskieredseverableand inapplicable hold harmless us and our officers, directors. shareholders, employees,and agents but shall not invalidate the remainder of the Agreement. You authortre us to from and against any losses, damages, claims. penalties, suits, actions. and communicatewith you through electronic means. Time is of the essence of this expenses, includingattorneyfees, arising out of or relatedto the Equipment,whether Agreernent.AII of our rights under this Agreement shag sunrive its termination or based ori a theory of strict liability or otherwise. Your duties under this section shall expiration, ORAL AGREEMENT OR ORAL COMMITMENTSTO LOAN MONEY, survivetermMationor expirationof this Agreernent You waive any immunityyou may EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENTOF A DESTARE NOTENFORCEABLEUNDERWASHINGTONLAW. Fmencial PacificLeasing,Inc.ts a subsi0tayof UmmuaBan | Products o%tedby financialPaciGC Leasin9.NaC..are notFDICinswed Apps75Mo2.Ge20ssa.EFA Page 2 of 2 Page Agreement