Agmt24 Verizon Wireless - Laserfiche WebLink

Browse Search

REV: 03-25-24 LF uncured default by Licensor, then any prepaid License Fee shall be apportioned as of the termination date and reimbursed to Licensee. 3.2 For any party to whom rental payments are to be made, Licensor or any successor in interest of Licensor hereby agrees to provide to Licensee (i) a completed, current version of Internal Revenue Service Form W-9, or equivalent; (ii) complete and fully executed state and local withholding forms if required; (iii) Licensee’s payment direction form, and (iv) other documentation to verify Licensor’s or such other party’s right to receive rental as is reasonably requested by Licensee. Rental shall accrue in accordance with this License, but Licensee shall have no obligation to deliver license fee payments until the requested documentation has been received by Licensee. Upon receipt of the requested documentation, Licensee shall deliver the accrued rental payments as directed by Licensor. 3.3 Except as expressly provided in Section 3.1 above or as otherwise set forth herein, the License Fee shall be payable without offset or deduction at Licensor's address specified below or to any other person or firm as Licensor may, from time to time, designate in writing at least sixty (60) days in advance of any License Fee payment due date. If, at any time, Licensee fails to make payment within ten (10) business days following receipt of written notice that a payment is past due, a late charge equal to five percent (5%) of such past due amount shall be due, as well as interest which shall accrue on the past due amount at the rate of twelve percent (12%) per annum or the maximum allowable by law, whichever is less, until paid in full. This right is in addition to all rights of Licensor to terminate this License pursuant to Section 9 herein. 3.4 Intentionally Omitted. 3.5 All sums payable by Licensee under this License, whether or not stated to be License Fees, shall be collectible by Licensor as License Fees, and upon default in payment thereof Licensor shall have the same rights and remedies as for failure to pay License Fees (without prejudice to any other right or remedy available therefor). 3.6 Within ninety (90) days following the Effective Date or Licensee’s receipt of the documentation described in Section 3.2 above, Licensee shall pay to Licensor, a one-time payment in the amount equal to Eight Thousand and No/100 Dollars ($8,000.00) (“Commitment Fee”) which is a non-refundable payment to Licensor to offset expenses related to the preparation and negotiation of this License. 3.7 Performance Bond. In order to secure the performance of its obligations under this License, Licensee will provide the following security instrument to Licensor. 3.7.1 Prior to the commencement of any work under this License, Licensee must provide a performance bond (“Performance Bond”) running to Licensor in the sum of $158,700. The Performance Bond is conditioned upon the faithful performance by Licensee of all the terms and conditions of this License and upon the further condition that if Licensee fails to comply with any terms or conditions governing this License, there shall be recoverable jointly and severally from the principal and surety of the bond any damage or loss suffered by Licensor as a result, including the full amount of any compensation, indemnification, or costs of removal or abandonment of Licensee’s property, plus costs and reasonable attorneys’ fees up to the full ATTY/AGR.2024.027/Verizon Wirelsss (License Agreement) (Page 4 of 46)