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GOVERNMENTAL LEASE - PURCHASE <br /> MASTER AGREEMENT <br /> <br />Name and Address of Lessee: <br /> <br />Cass County <br />211 9th Street South <br />P. O. Box 2806 <br />Fargo, North Dakota 58103 <br /> <br />Wells Fargo Brokerage Services, LLC <br />Northstar East Building, 9th Floor <br />MAC: N9303-095 <br />608 Second Avenue South <br />Minneapolis, MN 55479 <br /> <br />I. LEASE. Lessor hareby agrees to lease to Lessee, slid Lessee hereby agrees to lease fi~om Lessor, the personal proper~ described ia <br />a Supplement or Supplements to this Master Lease fxom time to time signed by Lessor mad Lessee upon the terms and conditions set <br />forth in the related Supplement (such proper[y together with ali repiacemeats, repairs and additions mcmporated therein or affixed <br />thereto being referxed to herein as "Equipraent" ). The lease of the items described in a pariicular Supplement shall be considered a <br />separate lease pursuant te die terms of the Master Lease and the Supplement the same as ff a single lease agreement con~aththg such <br />terms had been executed covering such itcms. 'l~e execution by Lessee of each Supplement shall evidence a determination by the <br />Lessee that the Equipment covered ffiereby is essential to its proper, efficient and economic operation and desires to enter into that <br />Supplement for the acquisition of that Equipment under the terms hereof, that the Equipment is necessary for the governmental <br />fancfions of Lessee, m~d tlmt Lessor is neither the manufactarer nor a dealer or merchant of said Equipment, but has agreed to provide <br />the funding for and on behalf of Lessee for the acquisition of said Equipment under the temas hereof at the specific request of Lessee. <br /> <br />2. DELIVERY AND ACCEPTANCE. Lessee will evidence its acceptance of the Equipment by executing and delivering to Lessor a <br />Delivery and Acceptance Cer~Sficate (herein so called) in the form to be provided by Lessor. <br /> <br />3~ TERM. The renu of tlda Lease ~vlth respect to each item of Eqmpment shall begin on the date it is accepted by Lessee and shall <br />continue from the rent commencement date slxown th the related Supplement u~less earlier tenamatod as provided herein. The rent <br />commencement date is the Acceptance Dat~ as recorded on the Acceptance Cerdiicate. <br /> <br />4. RENE. Lessee shall pay as basic rent for the tull ~crm of this Lease th~ amotmt shown in the related Supplement as Total Rent, and a <br />portion of each rent payment is paid as, aud represents the payment of interest, and Exlfiblt "A" attached to the related Supplement sets <br />forth the interest component of each rent payment during the term_ The Total Rent shall be payable in installments each in the amount <br />of tho basic rental payment set fordi in the related Supplement plus any applicable sales and use tax thereon. Lessee shall pay r~t in <br />thstallmeths as shown in thc Related Supplement. Except as specifically provided in Sectth~ 5 hareof} the rental payments %v/Il be <br />absolute and uuconditinnal in al1 events and Mil not be subject to any set-off~ defense, counter claim or recoupment for any reason <br /> <br />Lessee reasonably believes that funds can be obtained sufficient to make ali rent payments during the term of the Lease and hereby <br />covenants that it w/il do all things lawffilly within its power to obtath, mathtsiu and properly request and pursue fimds from which die <br />rent payments may be made. The chief executive officer of the trait shall request the required appropriation fi'om the governing board <br />m~d exl~aust all available adppnis~ralive reviews and appeals in the event such portion of the budget is not approved. <br /> <br />5. NON-APPROPRIATION OF FUNDS. If Lessee periodically requests from its legislative body or fimdiug authohBt funds to be <br />paid to Lessor under tl~s Lease and, xtotwithstanding the nmking hx good faith of such request in accordance with appropriate <br />procedures and with the exercise of rea~onable care and diligence, such legislative body or fimding authori~ does not epgrove iliads to <br /> <br /> <br />