Unimark EC3000 Series Especificaciones descargar pdf (Pagina 58)

AIMS System and Services Agreement Page 58 of 60

Term under Section 8.2 of the License Agreement. The County shall have no obligation

to make any payments under this System Agreement to the Contractor until a Bond in

amount and form acceptable to the County has been provided to the County by the

Contractor. In the event that the County exercises its option to terminate this System

Agreement for cause then in addition to any other rights and remedies available to the

County at law or in equity, County shall be entitled to draw down upon the Bond and

apply the proceeds of such draw to all fees, damages and amounts secured by the

Bond. Any cancellation of the Bond without the consent of the County Risk

Management Division prior to the aforesaid time period shall be a default of this System

Agreement. At least ninety (90) calendar days prior to the termination or expiration of

the Bond, the bonding company and Contractor shall notify County in writing of such

event. Not less than ninety (90) calendar days prior to any expiration date or termination

date of the Bond, Contractor shall submit evidence in form satisfactory to County that

said Bond has been renewed or replaced.

Each Surety Bond provided hereunder shall be executed by a surety company of

recognized standing authorized to do business in the State of Florida and having been

in business with a record of successful continuous operation for at least five (5) years.

Furthermore, such surety company must have at least a "A-" rating in the latest revision

of Best’s Insurance Report, or such other rating as has been approved by the County

Risk Management Division. In the event of any requirement hereunder that the Bond

amount be adjusted, a Bond in the adjusted amount shall be submitted to the Contract

Administrator no later than twenty (20) calendar days following the effective date of the

requirement for the adjustment. Each Surety Bond shall be in form and substance

satisfactory to the County.

Each Letter of Credit provided hereunder shall be provided by a financial institution of

recognized standing authorized to do business in the State of Florida. Throughout the

term of the Letter of Credit, the financial institution that has issued the Letter of Credit

must maintain a relationship with a financial institution having an office in Broward,

Miami-Dade, or Palm Beach County, Florida at which the Letter of Credit may be

presented for drawing down, and the financial institution that has issued the Letter of

Credit must have been in business with a record of successful continuous operation for

at least five (5) years. Each Letter of Credit shall be in form and substance satisfactory

to the County.

On approval of any contract change increasing the contract price, Contractor shall

ensure that the Bond is increased to reflect the total contract price as increased.

IN WITNESS WHEREOF, the parties have made and executed this System and

Services Agreement on the respective dates under each signature: BROWARD

COUNTY, by and through its BOARD OF COUNTY COMMISSIONERS, signing by and

through its Mayor or Vice Mayor, authorized to execute same by Board action on the

____ day of ________________, 2009, and AIR-TRANSPORT IT SERVICES, INC.,

Contractor, signing by and through its _______________, duly authorized to execute

same.

Exhibit 3

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Unimark EC3000 Series Especificaciones Pagina 58