j. Info Serv lease on AS400 - Laserfiche WebLink

14. REPAIRS. Lessee will use the Equipment with due cme mhd for the purpose for which it is intended. Lessee w/Il maintain the Eqdipmenr in good repair, condition and working order and will thm/sh ail pans and services required therefore, ail at its expense. Ali such parts when thrMshed shall immediately become the propexT? of Lessor and pan of the Equipment fbr all purposes hareo£ / 5. LOSS OR DAMAGE. In the event any item of Equipment shall become lost, stolen, destroyed, damaged beyond repaff or rendered permanently unfit for use for any reason, or in the event of condemafion or seizure of any item of Equipment, Lessee shall promptly pay Lessor (a) the amount of all rent and other mounts payable by Lessee hare~mder with respect to such item due but uupaid at the date of such pas~neut plus (b) the amount stated m the Supplement or an ex2nbit thereto as the Termination Balance included in Exhibk "A", plus (c) au amount equal to the applicable final purchase option price set fora~ in lhe Supplement or any exhibit thereto. Upon payment of such amount to Lessor, such item shall become the property of Lessee, Lessor will transfer to Lessee, without recourse or warranty, ali of Lessor's tight, title and interest therein, the rent with respect to such item shall terminate, and the basic rental payments on the remaining items shall be reduced accordingly. Lessee shall pay any sales m~d use taxes due on snch tsansfer. Amy insurance or condermmtion proceeds received shall be credited to Lessee's obligation uuder tiffs paragraph and Lessee shall be euthled to a. uy 19. LATE CHARGES. If any installment of basic rent is not paid when due or within 5 days thereafter, Lessor may impose a late charge of up to 5% of the mount of the lmtallment but in any event not more than permitted by applicable law. Payments thereafter received shall be applied f~rst to delinquent installments aud then to cmncent installments. 20. DEFAUI,T. Each of the following events shall consfltatc an "Event of Default" hereunder: (a) Lessee shall fail to pay when due any instatlment on basic rent; (b) Lessee shall fail m observe or perform any other agreemen* to be observed or performed by Lessee hereunder mhd the contSauance thereof for 10 calendar days following written notice thereof by Lessor to Lessee; (c) any warranty, representation or statement nmde or flmushad to Lessor by or on behalf of Lessee proves to have been thlse or misleading m any hinter/al respect; or (d) Lessee shall vohmtatlly lee, or have fdad agathst it involuntarily, a petition for liquidation, reorgalmzatio~, adjuslrneut of debt, or snmlar relief auder the federal or state Bankruptcy Code or any other present or future thde~al or state barf~mptcy or Lusolvency law, or a trustee, receiver, or liquidator shall be appointed of it or all of a substantial pan of its assets. 21. REMEDIES. Lessor and Lessee agree that Lesson's danmgcs suffered by reason of an Event of Default are uncanuln m~d not capable of exact measurement at the lkne this Lease is executed because the value of the Equipment at the expiration of Otis Lease aneertahh and therefore they agree ttmt for purposes of this Section 21 'Lessor~s Lass~' as of any date shall be die stun of thc fdilowiug