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EWOi.L I Financial Services
<br />DELL FINANCIAL SERVICES LEASE PROPOSAL
<br />CITY OF SOUTH BEND
<br />October 3, 2019
<br />Thank you for the opportunity to provide leasing information to you on the proposed acquisition of Dell product. Dell Financial Services (DFS) is a leasing institution fully
<br />integrated into Dell Computers' systems and operations allowing you to benefit from one stop shopping for all your hardware, software, peripherals, service, support, and
<br />financing needs. The lease quote provided below outlines only a few of the options available to you through DFS programs. If the information does not meet your needs, please
<br />let us know and we will work with you to tailor a lease program that does. Should the attached lease quote meet to your satisfaction, the next step is to issue a purchase order for
<br />the equipment, Please refer to the "Purchase Order" section and fax in your PO. Once your order(s) is entered by your Dell Hardware Representative, I will fax you the lease
<br />contract. It is the returned and signed lease contract that sends the orders into production. If you have any questions or comments, please don't hesitate to call me a512-724-
<br />5095, Thank you for your interest in Dell Financial Services,
<br />Sincerely,
<br />Missy Totten
<br />Dell Financial Services
<br />LEASE PROGRAM.. $1 Buyout Tax Exempt Lease Purchase
<br />Total Payment Lease Term Lease Rate Lease
<br />Quote u Equipment Unit Price Qty. Amount Frequency (months) Factor Payments
<br />3000047500086.2 1 Dell Latitude 7212 1 $1,900.00 1 2 1 $ 3,800.001 FrnniiAM 1 60 1 0.2301 l $ 874.38
<br />END OF LEASE OPTIONS:
<br />1 BUYOUT LEASE OPTION
<br />tion available to lessee upon cgrn letlon of the base lease term are as follows:.
<br />Exercise the option to purchase the products for 1,00,
<br />LEASE QUOTE: The Lease Quote is exclusive of interim rental, shipping costs, maintenance fees, filing fees, licensing fees, property or use taxes, insurance premiums and
<br />similar items which shall be for Lessee's account, Lessee will pay Payments and all other amounts without set-off, abatement or reduction for any reason whatsoever.
<br />Additionally, Lessee shall declare and pay all sales, use and personal property taxes to the appropriate taxing authorities, if vot+ are sales tax exempt, please fax a copy of your
<br />Exemption Certificate with the Lease Contract.
<br />PURCHASE ORDER: The Purchase Order will be made out to Dell Financial Services, One Dell Way, RR3 / MS8468, Round Rock, TX 78682. The Purchase Order will
<br />include the quote number, quantity and description of the equipment, Please be sure to indicate that the PO is for a lease order and shows the type of lease, the term length,
<br />and payment frequency. The date of the lease quote referenced should be included, Please be sure to include any applicable shipping costs as a line item„ Please include
<br />your address as the SHIP TO destination„
<br />APPROPRIATION COVENANT: The Lease shall contain an appropriation of funds clause, The Lessee will covenant that it shall do all things legally within its power to obtain
<br />and maintain funds from which the payments may be paid and Lessee will not give priority or parity in the application of funds to any functionally similar equipment.
<br />DOCUMENTATION: Duly executed Agreement and other appropriate documents, including, opinions of counsel, UCC financing statements, audited financials and such other
<br />documentation as is reasonably requested by Lessor.
<br />PROPOSAL VALIDITY/APPROVALS: This is a proposal based upon market conditions and ,1140 fir.l.. i!0 rfd„�y,, ,, is subject to final credit approval, review of the economics of
<br />the transaction, and execution of mutually acceptable documentation.
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