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5/4/2023 Page 3 of 3 <br />1. Use & Maintenance. Customer agrees to regularly inspect and maintain the Equipment, and to provide, inspect and <br />maintain appropriate safety surfacing under and around the Equipment, in accordance with PPLT’s product literature and the <br />most current Consumer Product Safety Commission Handbook for Public Playground Safety. <br />2. Default, Remedies & Delinquency Charges. Customer’s failure to pay any invoice when due, or its failure to <br />otherwise comply with the terms of this Quote, shall constitute a default under all unsatisfied invoices ("Event of Default"). <br />Upon an Event of Default, PPLT shall have all remedies available to it at law or equity, including, without limitation, all <br />remedies afforded a secured creditor under the Uniform Commercial Code. Customer agrees to assist and cooperate with <br />PPLT to accomplish its filing and enforcement of mechanic’s or other liens with respect to the Equipment or its location or its <br />repossession of the Equipment, and Customer expressly waives all rights to possess the Equipment after an Event of <br />Default. All remedies are cumulative and not alternative, and no exercise by PPLT of a remedy will prohibit or waive the <br />exercise of any other remedy. Customer shall pay all reasonable attorneys’ fees plus any costs of collection incurred by <br />PPLT in enforcing its rights hereunder. Subject to any limitations under law, Customer shall pay to PPLT as liquidated <br />damages, and not as a penalty, an amount equal to 1.5% per month of any payment that is delinquent in such month and is <br />not received by PPLT within ten (10) days after the date on which due. <br />3. Limitation of Warranty/ Indemnity. PPLT MAKES NO EQUIPMENT WARRANTIES EXCEPT FOR THOSE <br />STANDARD WARRANTIES ISSUED WITH THE EQUIPMENT, WHICH ARE INCORPORATED HEREIN BY THIS <br />REFERENCE. PPLT SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS <br />FOR A PARTICULAR PURPOSE AND ANY LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. <br />CUSTOMER AGREES TO DEFEND, INDEMNIFY AND SAVE PPLT HARMLESS FROM ALL CLAIMS OF ANY KIND FOR <br />DAMAGES OF ANY KIND ARISING OUT OF CUSTOMER’S ALTERATION OF THE EQUIPMENT, ITS FAILURE TO <br />MAINTAIN THE EQUIPMENT, ITS FAILURE TO PROPERLY SUPERVISE EQUIPMENT USE, OR ITS FAILURE TO <br />PROVIDE AND MAINTAIN APPROPRIATE TYPES AND DEPTHS OF SAFETY SURFACING BENEATH AND AROUND <br />THE EQUIPMENT IN ACCORDANCE WITH PPLT’S INSTALLATION AND OWNER’S MANUALS AND THE MOST <br />CURRENT CONSUMER PRODUCT SAFETY COMMISSION HANDBOOK FOR PUBLIC PLAYGROUND SAFETY. <br />4. Restrictions. Until all amounts due hereunder are paid in full, Customer shall not: (i) permit the Equipment to be <br />levied upon or attached under any legal process; (ii) transfer title to the Equipment or any of Customer's rights therein; or (iii) <br />remove or permit the removal of the Equipment to any location not specified in this Quote. <br />5. Purchase Money Security Interest. Customer hereby grants, pledges and assigns to PPLT, and PPLT hereby <br />reserves a purchase money security interest in, the Equipment in order to secure the payment and performance in full of all <br />of Customer’s obligations hereunder. Customer agrees that PPLT may file one or more financing statements, in order to <br />allow it to perfect, acquire and maintain a superior security interest in the Equipment. <br />6. Choice of Law and Jurisdiction. All agreements between Customer and PPLT shall be interpreted, and the parties' <br />obligations shall be governed, by the laws of the State of Missouri without reference to its choice of law provisions. <br />Customer hereby consents to the personal jurisdiction of the state and federal courts located in the city and county of St. <br />Louis, Missouri. <br />7. Title; Risk of Loss; Insurance. PPLT Retains full title to all Equipment until full payment is received by PPLT. <br />Customer assumes all risk of loss or destruction of or damage to the Equipment by reason of theft, fire, water, or any other <br />cause, and the occurrence of any such casualty shall not relieve the Customer from its obligations hereunder and under any <br />invoices. Until all amounts due hereunder are paid in full, Customer shall insure the Equipment against all such losses and <br />casualties. <br />8. Waiver; Invalidity. PPLT may waive a default hereunder, or under any invoice or other agreement between <br />Customer and PPLT, or cure such a default at Customer's expense, but shall have no obligation to do either. No waiver <br />shall be deemed to have taken place unless it is in writing, signed by PPLT. Any one waiver shall not constitute a waiver of <br />other defaults or the same kind of default at another time, or a forfeiture of any rights provided to PPLT hereunder or under <br />any invoice. The invalidity of any portion of this Quote shall not affect the force and effect of the remaining valid portions <br />hereof. <br />9. Entire Agreement; Amendment; Binding Nature. This fully-executed Quote, as supplemented by Change Orders <br />and invoices containing exact amounts of estimates provided herein, constitutes the complete and exclusive agreement <br />between the parties. A Change Order is a written instrument signed by the Customer and PPLT stating their agreement as <br />to any amendment in the terms of this Quote. Customer acknowledges that Change Orders may result in delays and <br />additional costs. The parties agree that all Change Orders shall include appropriate adjustments in price and time frames <br />relating to any requested amendments. Upon full execution, this Quote shall be binding upon and inure to the benefit of the <br />parties and their successors and assigns. <br />10. Counterparts; Electronic Transmission. This Quote, any invoice, and any other agreement between the parties, <br />may be executed in counterparts, each of which shall constitute an original. The facsimile or other electronic transmission of <br />any signed original document, and retransmission of any signed facsimile or other electronic transmission, shall be the same <br />as the transmission of an original. At the request of either party, the parties will confirm facsimile or other electronically <br />transmitted signatures by signing an original document.