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GP2U - Kittitas County - Self-Insurance Addendum (Equity PD and Liability) - 12.2023
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GP2U - Kittitas County - Self-Insurance Addendum (Equity PD and Liability) - 12.2023
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Last modified
2/1/2024 12:09:22 PM
Creation date
2/1/2024 12:09:18 PM
Metadata
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Meeting
Date
2/6/2024
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Item
Request to Authorize Auditor Signature on the Enterprise Fleet Management Master Lease Agreement, Maintenance Agreement, Insurance Addendum and Power of Attorney as it Pertains to the Licensing of Leased County Vehicles
Order
18
Placement
Consent Agenda
Row ID
114122
Type
Contract
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SELF - INSURANCE ADDENDUM TO MASTER EQUITY LEASE AGREEMENT <br />(Physical Damage and Liability) <br />This Addendum is made to the Master Equity Lease Agreement dated the _____ day of ______________________, as amended (the “Agreement”), by and between <br />Enterprise FM Trust, a Delaware statutory trust (“Lessor”), and the lessee whose name is set forth on the signature line below (“Lessee”). <br />This Addendum is attached to and made a part of the Agreement (including each Schedule to the Agreement). All capitalized terms used and not <br />otherwise defined herein shall have the respective meanings ascribed to them in the Agreement. <br />Notwithstanding the provisions of Section 11 of the Agreement, Lessee shall be permitted to assume and self-insure the risks set forth in Section <br />11 of the Agreement and shall not be required to purchase or maintain any insurance policy of any kind with respect to any Vehicle; provided, however, that if any <br />Federal, state, local or other law, statute, rule, regulation or ordinance requires Lessee to maintain any amount of insurance with respect to any Vehicle, Lessee shall <br />purchase and maintain such amount of Insurance in the form of an insurance policy which complies in all respects, other than the amount of insurance required, with <br />Section 11 of the Agreement. <br />Notwithstanding the foregoing, if (1) Lessor, at any time in its good faith judgment, is not satisfied with the condition, prospects or performances, <br />financial or otherwise, of Lessee or (2) any default or event of default occurs under the Agreement, than Lessor may, at its option, revoke this Addendum and terminate <br />Lessee’s right to self-insure by providing Lessee with at least thirty (30) days prior written notice thereof. Upon the termination of Lessee’s right to self-insure, Lessee <br />shall comply in all respects with Section 11 of the Agreement. <br />Except as amended hereby, all the terms and provisions of the Agreement shall remain in full force and effect. In the event of any conflict between <br />this Addendum and the Agreement or any of the Schedules, the terms and provisions of this Addendum will govern and control. <br />© 2017 Enterprise Fleet Management, Inc. I02096_Self-Insurance Addendum (Equity, Both) <br />LESSEE: ______________________________________ <br /> ______________________________________ <br />By: ______________________________________ <br />Title: ______________________________________ <br />Date Signed: _______________________, ___________ <br />LESSOR: Enterprise FM Trust <br />By: Enterprise Fleet Management, Inc. its attorney in fact <br /> ______________________________________ <br />By: ______________________________________ <br />Title: ______________________________________ <br />Date Signed: _______________________, ___________
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