HomeMy WebLinkAbout0533.092•
December 10 1 1992
HONORABLE crTY COUNCIL
Palo Alto, California
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~ANErNG AIm SAFEkEEPING I3ERV!CE'S -ONE YEAR EXTEN~IONS WITH BANJt OF
AMERICA AND B~ OF CALIFORNIA
Members of the Council~
lleport in Dr-.ief
The purpose of this report is to request Council approval to sign
a one-ye3r extension agreement ~:ith the Bank of Ame~ ica for banking
services and the Bank of California for safekeeping services. No
budget amendment is necessary.
tsacxqrDund
In the past, the City has issued a Request For proposals <RFP) for
banking services and safekeeping services every three years. Tne
last RFP for banking services .... as issued in 198'9. The City
received proposals from eight banks. and ul tirnately selected
security Pacific Bank. The city and Security Pacific signed a
contract for three years.
In early 1992 Bank. ot A..llerica and Security Pacific merged. Thus,
Bank of America took over the City of Palo Alto bank account.
During most of 1992 City staff and Bank of America staff have been
working together to transfer the City's seven accounts to the Bank
of AlPerica system. The Securiti' Pacific contract. nolol a Bank of
Aaerica contract, expires on December 31, 1992.
For safekeeping services, in 19139 steff recommended and Counci 1
approved a contract with Bank of California tor one year ~ith the
option to renew for an additional two years (CMF.:494 :9). 'l'he
contract cost was less chan $5,000 per year t and .... 'as renewed for
t~~ years. This safekeeping services contract e~pires on November
3D, 1992.
CMR:533:92
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1l __ nLQt_Amer.ica Exten!!ion thro\!!.gh 1993
Staff recommends that Council approve extending the Bank of Ameri~a
contract for one year (January 11 1993 -Dece-rnber 3L 1993) in
order to give staff time to complete tl"le tran~ition from the
security pacific system to the Bank of Merica system and properly
evaluate the services of Bank cf America. In late 1993 staff ~ill
conduct a RFP selection process and deter~ine if the City should
remain with Bank of America or choose another bank instead.
The conversion from one bank sj'stem 'to eJlf'!other system i $ a
difficult and time-consuming ptoce~s. Bank systems cover deposits,
checks, reconciliation, t~ansfer instructions, payroll transfers,
cash handling procedures, computer information s~stems, armored
carrier instru;:-:t.ions, and legal contractsj all must b~ updated~
This process involves t~e Finance Department, Information Resources
DepartmentJ ci't-y Attorney"s Office, and all City locations that
handle cash. As a result of the extensive changes, ic is difficult
to evaluate the level of service provided by Bank of America until
months after thg changes are completed. Staff ...... ould like to
evaluate the level of service from Baruc of A.Inerica durir.g 1993 ~
It is important to not~ that ~hen staff reviewed the b~nk propos~ls
three years ago, Bank of Ame~ica wa$ chosen as the number two bank
after security Pacific Bank. Thus, staff thinks it is appr~priate
to stay with Bartk of America for calendar year 1993.
cost of Servioe
Bank of America has agreed to provide banking sendees at a
competitive rate. Bank of America staff has irl'orked .. dth City staff
to change operations in order to save money on the new contract.
One example of the savings is the change from making deposits at
the local branch to making de.posits at the Sar. Francisco cash
handling location (still through the ar:r.ored carrier) at an
estimated savings of $7,775 per y~ar.
8ased on information provided by Bank of Ar.erica, staff believes
that the contract extension (Attachment A) 'With Bank of Arterica
..,ill resul't. in costs which are approximately equal to tbe old
Securit.y Pacific contract. Bank of P..l't'.crica estimates t..he monthly
cost to be approximately $4,875 co~pared ~ith the Security Pacific
charge of $4,960.
The City :may pay for 'banking se.rvices in a variety of \o/'ays. One
method is to leave funds -..'ith the banK, so the ban}: hC\s use of the
funds. The city loses; the opportunity to earn interest. This is
referred to as ncornpensating balances n . The bank currently
estimates a need for Sl.7 nillion of cOQPcnsating balances to pay
for the cost of services to the City. The other roethud is ~o ~rite
a eheck for the cost in lieu of the conpensating balances ~ethod,
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in this case $58,500 per year ($4,875 x 12). Staff has historical
ly paid for banking services through compensating balances. In the
1992-93 hudget, $2,000 was budgeted in the Treasury Division for
~ny costs beyond the compensating balances.
staff has performed extensive research on the choice between
compensating balances and cash payments. In a June 1'991 stUdy
covering July 1990 through March 1991, as well as in a March 1992
stUdy covering April 1991 through December 1991, staff concluded it
wa'S best to pay for most services through a co:r.bined oethod which
incorporates the conpensating-balances-and-budget method and the
cash payment method {a very small amount to pay for any services
not covered by corupensating balances).
BaD'k of California ExtensiQ_L~hrou9h 1'93
Staff has also negotiated an extension through December 31, 1993
~or s~fekeeping services from th~ Bank of California. This will
allow staff to issue an RFP for both banking and safekeepinq
servjces at the same ti~e in late 1993. The Bank of california has
agreed to continue to provide safekeeping services for under $5, 000
per year. This amount is already in the Finance Depart·~ent's 1992-
93 budget.
staff requests that Council approve the attached resolution which
authorizes the city Manager and any de:signated representativo:!,
including the Director of Finance, the Assistant Director of
Finance and the Treasury Manager, to sign the attached contract
with Bank of America. staff also requests Council to authorize the
same staff to sign all additional documents required to enter into
a bank.lng service agreement -with Bank of America for January 1,
1993 through Dl;!cember 31, 1993, to be paid using compensating
balances and a cash pZyn'ent (if neCeS5-3.ry).
staff recommends entering into a contract not to exceed $5,000 ~ith
Bank of Califcrnia for safekeeping for December I, 1992 througb
December 31, 1993.
CMR:53J:92 3
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Respectfully submitted,
/~_A-;l/~·
GORDON" B. FORD
Traasury Manager
Att<!chment A: Bank Contract
Related Staff Reports:
CMR:533:92
CMR:494:9
C~:587:9
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R1!:SOLU7ION NQ.
RBSOLUTION OF THE COUNCIL OF THE CITY OF PA:'O AI,TO
APPROVING THE MASTER A~REEr-m};-r' FO~. BANKlNG
SERVICBS WITH BANK OF AMERICA ~~ AUTHORIZING THE
CITY MANAGER AND DESIGNATED REPRESEh'"T)l._TIVES 'TO
EXECUTE ANY ADDITIONl'.L AGREEJ"I"..Eh'TS .M"TD/OR DOCU};ENTS
IN FURTHERk..~CE (IF 'l'HE PERF':)RH~N::E OF SUC:-{ SERVICES
BY B;a.Nl< OF MffiR:CA
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WHEREAS, the City of Palo Alto ("Cityn) receives various
banking serv~ces from Bank of America. ('Bank"), tr~e S'.lCc,';!ssor in
interest to Securit)r Pacific Natio!1al Bank J::ly rne.rger, under a
contract which expiIes on December 31, 1992; and
WKERE1'.s. the: City wishes t,:> extend the contract for such
services until such time as staff is able to evaluate the Bank's
performance and conduct a competitive selection process for the
provision of such banking ser~ices in the future; and
WHEREAS, the Bank \rdshes to p.::-ovide to the City a variety
of banking services r including. withvu~ limitation, funds transEer
(including transfers under oral inst=uctions) and electronic
payments services;
NOW. THEREFORE, the Council of 't-he City of Palo Alto does
RESOLVE as fo~lows:
,SJ:CTION 1. The City Council her,=by approves and authorizes
the execution of the Il'\6.ster agreement ..... i th Bank of A.-ne.rica for
litiscellaneous banking services, including, without 1 imi tat ion,
services under funds tra.nsfer {including ur'~der oral instru,:tions)
and electronic payments services. and such other necessary
agreements and documents in furthe::-ance of the perforrr.ance oE
banking services by Bank of ~~erica.
SECTION 2. The City ~..c..nager and any designated
representative, including th~ Directc,y-cf Finance, thE: _;ssistant
Director cf Finance, ar:d tne Treaf"uri t<'":..a.nager r aTe hereby
authorized to take any necessary action and to e:"{ecute and deliver
to Bank of Amarica any GDCUments as may be necessary to effect the
transfeLs or payments, or both r from or to the City of Palo Alto's
accounts with Bank of Am~rica. in~ludin9, without limitati~n, the
giving of instructions orally. the making of funds transfers by
wire or other similar means to any person for credit to or debit
from the City of Palo Alto's accounts .... ith Bank O! America, and the
coufi~~ion ~nd verification of the authenticity of instructions
to Bank of America for funds transfers and electronic payl!;ents+
~QN_J. Such authorization E:hall be effective until the
master agreement for banking services between the City of palo Alto
and Bank: of America e>.:pires or is earlier terminated.
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SECTION 4. The City Council f:nds that the action h-ereby
approved does not constitute a project ~nder the Califo~ia
Environmental Quality Act.
INTRODUCED ~1) PASSED:
AYES:
NOES:
ABSTENTIONS:
ATTEST: APPROVED,
City Clerk V.ayor
APPROVP.D AS TO FORM:
Ci ty ~.l8_nager
Sr. ABoistant City Attorney
Director of Finance------
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·W 0 AGREEMENT
BY THIS AGREEM~NT WilDE .o.JIIDe....-rE-R<:C 1N70 ON 1).oE" 1l~~ ~
~ fI'I' ANb 8r£T'WfiN THE CITY Of F'AI..O ALTO 1t1CAt. ..... neA AETERAfO 1"0 AS OTY ...... D
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• GENERAL TERMS AHD CONDlnONS '" ..c..UDeD 00 ""'" SI_ Of ""S 00''',,,.,.,,
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• INVOIC1NG Sf:NOI.lLWVOlCUTOnECITi' ... nN F'ROJECT~r.ER
• crTY OF PALO ALTO APPROVALS: (ROVlE F{)I; SlGNATl.IAfS .-.ccoROM> TO NUWE-RS ... "-F'PRCN4:. BOxES SElOW,)
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~ PC""DING~'f
SCHfOUlfS OR OELIVERY_ Ti~E ~s or T~F FSSE~C~ Q~ T.,·S
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(6,, ______ _
EXHIBIT A
BANKING SERVICE AGREEKENTS
1. FUnds Transfer Agreement (Oral Instructions)
2. Electronic Paym~nt Servicf!s Agreement
3. Service. Add.endum for ConSlJmer and Corporate Elect,ronic payme.nt
Services
4~ El~ctronic Payment Services Authorized customer Contact List
5. Electronic pa~ent services Limits Application Form
15. Funds Trams:fer Agreement (FTA) S\unmary
7. contract for Deposit of Moneys
8. Cash Vault Service Agreement
9. Cash Vault Deposit Adjustment Agreement
10. Account Reconcilement services Agreement
om Bank of America Funds Transfer Agreement
(Oral Instructions)
This agre\Or:1enUs between C I TV 0, PALD AL TO _ _ _ ("Customer")
and Bar.k ~f America Natiansl Trust and Savings A.$socialio:"l (" 8an~'·). Customer wants to send lunds transfer ins!ructlor.s
ar.d relaled messa'£les to Bank orally [mcll.lding byte\eph:::me). ean~ is wlilingl0 rEceive, pro<::ess 81"10 transmit tt-Jese if'lstTllC
lions and messages M 'ne terms of this agreeme!1!. Customer and Bank agree as fo"ows:
1. Definitions. In this agree men!:
(a} "Agreement" means this FUM::ls Tran slar AgreemMI and its Appendix, as amended from Ii me 10 lime
(b) "'AutJlQrizeij Person" 'or accounts owned t}y OM or more ~1"sons means any owner a!'1d for accounts OW~gct by
corporati~s, partners:'Jps or other entities has the meaning given in Ihl:! resolutiM. partnership cenlflcate, or other authori
zation from CU$lomer.
(e} "Business. Days" means Monday-through Friday excluding t/al1k horidays,
(d) "Desl5lMted Ca neT" meeM an Authorized Person and any ot~e.r pe ison whom CustOlrl(:( ;d el1trfies by name in writing
as being authorized by Customer!o initiate and 10 cancel or amend Funds Transfer Requests.
(e) "Fun" Transfer Request" means an inf>tructicn to Ba.., k made in the name of Cu stomer orC:llfy ~n clu ding by telephone)
that funds. betransfene(f to arl account Of a beneficiary.
(f) "Funds Transfer" means the process of carrying o~t a Funds Transrer Raq lJes!-the Iransaclion 0; series of transac·
tions. beginning with Customer's FLmds Transfer Request which leads to paying funds to an account or a bel1eficlary
(g) "s.curily Prcc:edu re" means ttl€! security procedure described in this Ag reemenl for verifying the a ut henticit)! of Fun ds
Traos~er Req\l£5'.s and req\..!~sts to amend or "e.n.ce{ FLJod Transfer Requests.
2. Fedwlre Notice, Feclwrre is the fUr'lds transfer system 01 ttle Federal Reserve Banks. Bank or o!~er baMks Jnvolved in a
funds transrer may use fedw!re to compref~ the 'iunds transfer. If an)! part of a funds transfer involves tne use 01 Fedwire, tl"l e
rig:'ls and o~ngalions of Bank .2~c:! Customer r~ard"irlg that runds Irar,sfer are governed by Ae9ufat~on J of the Federal
Reserve Board,
3. Other Agreements. This Agreement supplemems any deposit ag reement betwee r. Customer and Ban k. If a.ny conn iet
exists between this Agreement and any otl"ler document 0ncluding any deposit iigreemenl) or oral statement aboul funds
transfers, Chis Agreement governs.
4. Rec:ording and Records. Bank may, but does not have 10, record lelephone communicatlof1s wtth Customer about
funds transfers, If Bank's records about a Funds Transrer Request are diffe ren! than Customer"s reccrds, Ban k's records wi!!
govern. Bank'li records indude ils written records and any tape recordin 95 about fu nds tra nsfers
5. Security PrQCeChlre.
(a} The purpose of the Security Procedure is to verify that a Funds Transrer Request or a request 10 ame f'd or cancel a Funds
Transfer Request is Ihat of Customer.
(b) Customer will provide Bank with a fist 01 the names and litles of Autl'1Orized Persons and Oeslg'1ated Calle~ and a
completed Append!x. Customer rTlust prooJide one or mCHe leleptlone numberS which Bank may l..!se tD verir,' the authenticity
llf a Funds Transfer Request 0, a request 10 amer:d or cancel a Funds Transfer Request Cu~lomer w:n spedy the accounts
to be charged' lor funds transfers. Cuslomer may specffy a maxirnum dollar Ilmrt fer the amOU'1t of ea::;h h,;nds transfei and
a nsl of beneficiaries.
{c) The Security Procedure for Customer's Funds Trar.sfer Requests and" requests tQ amend or cancel Funds Transfer
Requests is tM followFng. For requests given orally (rncluding by telephone), a Designaled Cerler will ider.lify himself or
herself by name and supply the information Bank req uires to acton the Funds Transfer Req uest If tne benefiCiary informat~r"1
spec!fted in the Funds Transfer Roquest is fisted in the Appendix and the amount of Ihe request does not exce2d the dollar
limit established by Bank 10T cal\--bacll,s, Bank may act on the request. 11 \he beneficia.')' in1ormatiof'1 s;:-eclfied in tt1e Fur.ds
Transfer Request is not listed in the Appendix or rt the amount of the request exceeds the dollar limit eSlabfisl'1ed by Bank fCor
C'.all-tlac~, Bank WIU acton the reqt;O.Gt only if it IS able to .... erifythe request by callJng one oftl"le telephone numbers Customer
provides Ban k and speak ing to any pelson who identiftes himself or herself as a D~sig nated Calle r
(0} 6ankw\\jestablish ado!lar lim:' fer cal\·bac\(s. Tnis. oollar ITmrt may'.laI)l fmmtimetotima and rna}' be different for !jifferent
CU51c;mers. If the amount of a Funds; Trarlsfer Request exceeds the dorlar limit establJshed by Bank, Bank will act on the
rcq uestonly ~f tt is able to venfytl"le request by C311Jng one attn ete lephDne f"ltJfI1bers Customer provides Bank a.nd spea kin g: to
any person who identifies himself Of herself as 8 Desfgn ated Caller 61'1 ~k Will advise an Authorized Per:;.on ot the de!lar ti m it for
thaI day upon request.
(e) Bank mil)! reryon the telephone number(s) and on the list of Authorized Persons and Designated Callers w~lich Cuslomer
provides 10 BanI< u ntjl Ban k reCCNCS. a..,d jS ab~e 10 dislribute to its affected em pIOY€i!S, a notice Iro r'fI Customer chan g ing the
telephone numDer(s) or adding or deleting AL/thorized Per:;ons or Designa!ed Cdtlers A notice 10 change a teri;phone
t .' ~ I , I • ~ ,
" '.
I
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number or add an Authorized Person Df a Desigr:3led Caller must be in wnt;ng. A notice to delete an Auttlcrized Person or a
Desfgnated Caller may be oral or 1n wrii;ng but Customer must promptly conf:rm in wriling an ol'al noti~.
(f) Customer represems that CIJs!or:1er hil,S reVi9wed its requirements and determired tMat the Sect,;rjry PrQ.::edure is a
satjs~actcry mat"'od ofvefltyin9 the authenticity of Funds Transfer Reql.Jest~ or (eques's to cancel a~ ame!1d FUr'!ds. Tra:lsfer
Requests.
6. Customer's Respons!blfities.
(a) CuSlomt;t!will not inrtials any Funds Transfer Re:ju which, if ac~ed upol"l', would exceed the available aCCCL!nt balance.
11 a oon'hctocco.Jr~ regardlng th!! a\lailabi.e aecour,! bee, Bank's record:: govern.
(bJ For each Funds Transfer Request. the Desi at d Caller wiH give Bank the in'ormation it requires Ie complete Ihe
transactiof';, Thls informalion will norr.lally inc! e:" me 01 Customer, na~e of person giving thp. Funds Tr::msler A~quest,
sccooni numberfromw\"ljc-h funds are to betr sferr d, the amount to be tra,.,sferred, the name and identifying number of the
financial institution and the name and ac nl nlJ, f ollhe bent!flciary to which the runds are 10 be transferred
(c) Sf Cuslom&r asks Ba~k to cnvye an ccounl WJth Bank for a Funds Transfe{ Request. Bar~k notifies Customer abo~t the
'unds transfer by listing it on Cuslom s ac:ou~ .e>tatement. In some c~es Sank win a,lso notIfy, Customer ~n wrWng, elee-
tronicany Of' by s report produced one of 88[lIr.s inrormation r"lporttng services. Cuslc,mer r:lust give Bank written notice
(Including the ~elevant 'acts} of dIscrepa..,~ between Cuslomers records and ti,e :n~Oimatloll snow~ in tne applicable
notice or statement witlli., 1G __ J:\6eA days aflarJCustom~r receives ttle first netic! or state:'T1enl whicn has a discrepancy. If
Customer rails to notify Bank wftl'1in this-t9t.H1eIi'~ day period, Ballk i:s not liable icr any kJss of Interest orctherwise (equired to
C'Ompensate Cuslomer, 0{ credit or adjust Customer's account for any actual or claimed 1035 01 inlerest or any inlerest
etluiva1t;Jn! becaus'3' of 8 discrepaflcr' between Customer's r.eccxds and Ihe information sl'1own in the notice or statement
(d) 11 Customer sends Bank Funds Transfer Req uests fo r !hird par1Jes t Customer represents thCit Customer ts authe-flzed by
each applicable third party 10 transfer fu!'l as fro m tne tl'1 ira" party's accou nt.
{e) Cus!'OmerW111 pay Banktne amount of each FUl"1ds Transfer Reqoesl 01'\ Ihe dale Bank receives the request Customer will
pay Bank ItS fees and charges lor "its services. 8ank may, without prior no:lce or demand, deducl the amount of eaen Fund",
Transfer Request and the fees and otner charges due Bank fiom any account mainlained by Customer with Bank-vr-any
.affil+ate-~.k.
7. Acting on Funds Transfer Req:ue-sts.
(a) Cuslom~ authorizes Bank to act on any Funds Transfer ReqiJest or request Ie ,3,'T1e:"ld or cancel a Funds Transfer
Request, if Bank has compfledwith the SecUrity Proc&dure.
(b) Bank will act on eacrl Funds Transfer Request. whrcl'1 Bank receives an a Bus,ness Day and whic~ Bank is a':lle to verifoJ
th roug~ the Security Procedure prior 10 Bank's apprTcable cut-cH dead fine , b}' making appncab Ie entries or by transm ilting
apPfOp~~ instructions no later than the 31:ated value date (11th is date is 110tearliel Ihan the day Ihe request IS received) or on
the day the request 1$ receiv1:ld if no value date is staled, Bank rna)! treat any reques: it receives after the applicable cut-off
deadline as received by Bank on its neld Busi ness Day.
(c) Bank may utiliZE any means of transmission, funds transfer system or intermediary bank reasonab~y selected b,' Bank in
acting on Custome"s requests. Bank's se:ection may differ from instructions rn Customer's reqvest.
8, Rejecting Funds Trantt!!'r ReqlJe5ts,
(a) Bank ma}' rejec1 any FuMs Transfer Request wnich would exceed C(Jstomer's a'lailabfe funds ir.lhe appllcab!e account.
Fundsare not alla~olbre if E'iil'" dl9'termines t"ey ara subject 10 a hold, dispute Of regal process, If Bank creates an overdraft to
complete a hJnds trar.sfer, Customerwiil repay Bank im,nedialely without del'Tland. Ba!'1K is n.o! Obliged 10 creale an overdrar.,
even if it has done so previously. Bank may else. reject a Funds TriO.nsler Request if Bank i5 not able to verify Ille request
through tie :e:Jecurity Procoou{e or, even if it does verify tne request, if 8an~ nevenhe!ess belielles the request was no! given
by a Designaled caiJer. ~r by f.l!<-tra:l5m,SS;i:l1l to (~15J 323-17 .. 1
(b) If Elank rejects e Funds-Transfer Ruest, Bank notifies Customer ot the reJect jon orart}!, elecuon ically or jn writl ng. Bank
11 I ~lIy sendS written notlc.es by ma; . Bank sends the "Olic'€! of reJeelJon by Ihe e nd oi the Ban k 's n ext BUSiness Day Bank is
not liato!e rorthe rejection and is not obligated to pay CuSlcmer jnteresl for the period belore Customer recef~'es tne nollce of
rejection.
9. C.ncenalion or Amendment by Customer. Customer has 1"10 rignl to cancel or amer,d a Funds Transfsr Request after
tis receipl by Ban!( It Customer asks Ba(lk 10 cariee! or amend a Funds Transler Request and Bank is able to verify tnis
request II1;ou9~ the Security Procedure, Bank may lise reasonable efforts TO act on Cus:omer's request. Bank has no l'labi'ity
i' any attemtlted canceilatlon or amendment of a Funds Tra nsfer Requ est is not eHected,
10, Fh'ilance on Account Number to Identify Be ne-ficiary. A beneficiary's bank (includir,g Bank when i! is tlie bene
ficiary's bank) may rely solely on the beneficiary accoul'1t numt-er in a Funds Transier Requesl or ~~ a paymenl order
intended to carry out,a 'Funds TrClnsfer Requesl even 'It tne account number jdentifies a person or entity dIfferent fmm the
person or enl;ty fdel1llf~ b)' [lame In the request {J( order. Bank has no duty 10 detect any i"conslstency Ln idenl,flcatlon and,
even i' a different p~rsan or enMy is paid. Customer will stjll be OblIgated 10 pay the amount of the Funds Transfer Requa.:.!.
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11. ReD.nee on Number 10 Identify an Intermediary or Benefiel ry Bank. BanI<: ,gnd any intermediaf)! Laille: rpay rery
solely 0., tnt! number thaI kientifies an intermediary bank or bene~t'ary bank if! a, Funds Transier Request or i;, a prl.yment
order JnlendEtd to carry out 11 ~ur;ds Transfer ,Request, even 14 suc!l urr:-ber ider1!!fles a bank drllerent from tne ir:termediary
banlo:or bene~cie.ry bani( iden~llied' oy name (!' tne req:;,est or Qrder., ank has 1'10 d'lt)' to detect an)' ir.cons~stenc~ ill. identtfl
cation and, even ifa different bank is paid, CU510mer will still be Obl,~ated 10 ~ay Ihe emo\Jn1 oflhe Funds Transfe. Flequest,
12. t.lmltatJonon lIabtiity.
(a) For Funds Traflsfer Requests which ilre subject 10 eitner (J) Oi."i ion 11 of!M Cal:forn:£ CommerCial Code or (ii) Regula
lion J, Bank is nol HaMil for anyexpe .... se, claim, losS, damage, or c I (collectively "Damages") wMici1 arises out of or rela!es
10 its performance underth is Agteem e nl clherthan j hose requ ired t be paid under Divisjonl 1 or Rf!gu!atic() J. as app!icable.
providee, however, Bank is n-:)t flab!e for any such Damages to the ;o:ten: provided In lt1is Agreement.
(b) For Funds Transfer Requests whJ.:h are not subject 10 "aragrs h (aj above and br other acis and omissions, Sank: 's not
liable tor any expense, Glaim, Joss, damage, 0,' roSI w~ich arises ut of o( rela!~s to Its performance under this Agreement
except 'or its own negfigence , :subject t.J the fonowing I'.'nit. (lank Ila~il'ly lor its Own r.egHgence is irmited to djrect money
dame.~s actually incurred by Customer in an amount net exce ·ing the greater of Ii) tne amount, if any, by which funds
transfarred from Customer's account exceed the amount speci ed in the appficab!e Funds Transfer Request, or (i~ the
amount trensterred to an account differerlt ffom the account specified ir; the Funds Transfer Request
(c) Bank '5 not r.able In any case lor an)' special, indirect, e)l(em~lary. or consequential damages (Including iost profils) of
any kind. t
I.d) Bank is not fitSponsible 'or the acts or omis!,;icns of an)' othe p.,.rsor, er entity, including al1Y federal Reserve BanI<: or
transmission Of communications facilrty. or Bf1Y recipien1 of a pa ment or a paymenl order inlended 10 carry out a Funds
Transfer Request Ne suct1 pe rson wilt be dee med 8anl<: 's agent. ""'"
(e} Sank is excused from fairing to acl or delay in acting, 9rJd any failure or dela)' does not (;,Jn~ti1L'1'9 a breach of thiS
Agreement or otherwjse g ..... e r:se to any liabilrty of Bank if (I} tile failure or delay ari:;;es out of legal constraint, in!erruptlon oj
communica.tft)n facilities, e<:[uipment failure, war, emergency co,.,dltions, naturai dfsaste-r, labor dispLJle Of olner causoO"s
beyond r.ontrol oftM Bank, or {il) Bank beHeves its action would \lioia~e any guidelme, rule or regura1ion of any government
authotity;6. f ¢\J~t~!". 'f('itf10~,t t~e
13.lntere Calculations. II Sank is obligated to pay compensatio1"!!n the 'orm of inleresl, Sank will do SO~;;j writ;en
demand ank will calculate compensahon lor !he relellant period as follows. For an analyzed account, Bank wll~ use Its
accountanaIysis procedures. For a non-analyzed, inlerest bearing account, Bank will use the interest ratets) for the accour~t.
For a non·analyzed, non-interest bearing account, Bank wm use a rale ~ual \0 ths average of Ine Feoeral Fund rales
published by the Federal Reserve Ban~ of New York,less reseNes.
14. Prolectlon from 1l1jrd Parties. Customer will inoemnity Ba.!",k for ai' liabilities, costs, losses and damages of any
nature, including enoeated costs of staff counsel and other attorney fees. which arise 01..1. or or ~-ejate to disputes Of legal
actions by third parties ebollt any action BanI\. takes on Cus!omer's Funds Transfer Requests or requests to amend or cancel
Funds Transfer Requests. This indemnity does neil apply to a"y liabirlty cost, loss or damage Bnrfbulable 10 the gross !"-egli
gence or wilful misconduct of Bank. Customer's obrfQations under this paragrapl'l survive !ermination oftl'lis Agreernenl
15. Termination. Bank or C;.Jstomer may terminate this Agreement for any relisan upor, 10 days' prior wril1en notice tel the
other. Thrsten--day period begins on the dale notice ls received. The rights and obr!aatlons of Banic end Cus!omer abou~ j;.;nds
translers whictl are-initialed before termination 0: !hiS Ag(~ment ale no' effected by its termination.
16, Foreign Currency. I! a funds. transier irwcl ... es IOTeign currenc)', Bank may e:.:change Cllstomer's 1unds for tile 1crelgn
CUI rancy at anytime on or before the transfer dale. in these cases Custom er JS, in effect, buyi ng forell;:) n currency at rates tr.at
may change at any time, Customer accepts the risJ.: of char1ges jn these ~3les after the date on wl"1ich San If stales it made the
exchaf1ge.
17. Notices. Any notice or correspondenCf! to Bank or Customer about this Agreement must be mailed or delivered to 1he
add;ess specified by each below until t'llther party gives the other wrirlet"! notice of.,. new address.
18. General Provisions.
(a) RelaVcmsnip. This Agreement dO\3's not creale any agency, fidUCiary, joint venture or partnership re~atiOnShip between
Customer and Bank and dues not provide anv rlghlS. or remedies to any perSun ot/'1er than Custorner and Bank.
(b) Governing Law. This, Ag.€ement IS gOller~ed by California law (withot.:t reference!o Cafifornia principles Of CQnlilcts oj
law), except thaI Regulation J govems a !unds transfer If any part (l~ j( is carrlec 0 .. 1 lhrough FedWlre
{c) ~'8iva .. Bank or Cus-lomer maydeiay exerclslnglneir rights without losing tr"!em Any waiver Dr partial exercise of one nght
ls not a waiver of other ngh ts or the same right at anothe r lime.
(d) Se~rabi!ity, if 3ny provision of ttl is Agre-emem, or its application to any person or set :Jf circumstances, is held invalrd or
unenf()rceable \0 ar,y extent, the remainder 01 nils Agreement. and the appJ'lcatlOn of the provis'IOrt to olher persons or
cJrcumstances, IS not Irnp6ired or otherwise af!ecled
(e} Effectwe Dale. This Agreement becomes efto~;l,Ie when executed by Ban~ and by Cus:omer,
1
I APPENDIX TO FUNDS TRANSFER AGREEMENT
A. T0V6rifytt'te:8utMenticrtyof a Funds Trensfer Re<:uestor a r.equesl to canes' or amend a Funds Transfer ~.eqU€st, bank may
cail anyone of !hetelep"'lJne ;'1umbers lis!Od i nIne (;('Irpcrale Aesorution, Cari Ilfcate of Partnersh ip, or other . .a.utt\orrzalfoo,
or listed in a documer:! sig ned by an AUlrlorized Person and delivered to 8allk.
8. Sank may act on I Funds Transfer R~uElst oory if tl'1e request specifies thaI lt1e transfer be made frem one or morl! 01 lhe
'ol!owi~g aCCO'Jr.ts:
14936 5Qi09
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C. Sank may act on a Funds Transfer Aeque!t.: (ct1ed:: one)
o in 8rly amou nto
_.J;.itv of palJLAl~-Genera] Account_
.0 only tf the amount specified in Il'1e reauest does no! exceed the fo~owi"g dofiar IJmit: $ 3 ono 000 00
·.
'~.. '-
BENEFICIARY LlSTlNI3
O. Bank may send fund trar\S(ars: (cheek eM)
o only!O 100 fOI ~wing accounts or benefielar~.
Uto an~ acccun! or beneficiary named tn a Funds Transfer Request ~ncludjng (but (lot rimitt3'd to) Ihose j~s:ed below, t1 :he
accounror i>aneficiary is rwlliS!ed bEllow, BanI< will only aC1 on the request It 'It is able to verify tl'-,e r8qLlfHitby speaking
to. person who Identifies Mims.eU or Maisel! as a Designated CeJier alone of the lelephone numbers provided by
Customer lmoor A. abOve,
N""'~----
5m'di oIBanX "''''''''''''=-----_._-----
Qt)' IStWI "-=-=' ;;--._-------
•
N"", -,
~k~~~---------
N~e
-..
3
Name
ACii.'--------·
.... BA RouUng
Sank N,une
BiV.ch o! Bank
~.~;~-------
ABA Routing
Crt)' & Sla.'e
~~~.~----------
-.-~-------Crty&Sl..!tl!
7
Sr.roc:~ orBank
Namo
ACC..------
=..,=" "'=m""". -----
Br~nCh 01 Bam( ....... ~~-----------
Cty& State City,Sta(e
~~~----------A8A RoutmgC----------ASA. Routing
eoou.n.r. __ _
----------------------
By.-----------
~~. -------------
T ..... ============== ____ _ By-
Nwne. __ _
T .. ____________ _
~/or~wCIiS:.o.msr
Bank oj AmellC2 Nalfortal
Tr'\Jstand Sa ... ings A.ssoclatlof1
O~te si-gr.ed
B)': (SankOtficerC' __ =================== Name,_ _
Irtle ______________ _
.44dress ror r\OtIOE'S to BiIfll<l -_ .•.. _ ......... --_._-------
_ ________ • ___ .c
II ~ i
r
·m Bank of America "': ELECTRONIC PAYMENTS~RVICES AGREEMEN D~ p
--------------~,-------------.Thi5Agr~t~!IIrNid&&!!Ol ____ ~_ .19 __
bel'fl/'lllftn City of palo Al to ("cornpan.(')
and Blmk 01 AmeriC.a ~allOnil: TrLJ~t ar:l'<;;a"ln-gs Assocl4iIDrl t' 'BIIII1" '.J
'REC1TALS
Cor!1p.3r'1)1wisnti louse OMII or mOl'&ofV;e ell)¢!r~mC"pa)'ml!''': ~e;>
~it:Ied in ttwanactJed MMt:t'Iaddlll'\dumoraddltnca alia Sank IS
'WrJllflQ 10 proY1de 0116 ormore 01 SLJcl'l...,..~ 10 Corr.p.!.roy •• ubjecllo rhe
tern'\S 01 th.i&. "''Jf~11U'Id tt!er"'ln.&s i!I.l11eoded hQr:11rme 1.0 ume, Q!
tile N.I~ .a.<.IIomated ClHrfng House AsfIt'Qatl(.H'1 and' It .. Cat",,"l~
AmQm!Iled Clearing HOIJS8 AsSOCiation. 8S appl~ (tM .'A.L.I~ '").
NOW. THE..qSFOAE.lnCOO5ldef!ltJon ollh" ml.lb.JoI!.1 co ... ene rll$ contaJned
MHlin. the partieS 117" as fc"Ibws
1. seme..; Del'hJ;l(fTerm •.
(aj $Wljecttc Ihe kmT1s aru:1ctffiditJO,lS;:)1 tnis "'9"e6meM, BanJ< '9"HS 10
~comp.tlr1l'th8 electroniCp;:I)'mo!'nl5eMo&! fcoll&cli'o'SiylM "St!I!'Y'
~~ ~jnurvidua.rly. "SeMca") sef8c:edbyCorr.par.y In 1M ltt6chtlod
ser&e~\lr:ltl!~(\da{co(~Iy\hfl·'~AcIc1eMt.~VI.c:!
inOrvidlo!a1lya "SeMc&Adden::lum "), inccrp«atecl helefn by tel~
and ma<kla pari tTlN"lIOI. The S«Y.ceAddenda ~ibe 1M SaMce:s and
the sewrityfYoeeduras Porth! SeMcas C.ampar>y arod Barn.; 1T'\8y~"
in WJlb~1T'om tlrn6lntimllt'lCl itOdonltCf more s.~, Thi6A9·~t
$l\arrflC'tboeromllt~wiU1llP$po9C1 to an'j Service ur:tit'thllt~
ServU Addendum hu beren Mfy &x9C\Jted Dy Company and nank
(b) Ert1'!ef Company Of Bank r'NI'j d"'-~rllinUllllllny $!1I<'ViallJpot1 '5
calendaroays'pria'writtIItt'o rlOiicel0tn.ClIhlJf~, 11 all Sel"\llc.~;arllt
discoOtiroU«l, lhisAglMmlH1t shall tem1in319 a"lorMllca!ly
te) Sa"k may ~0flicalt)r1ec:G1t:l8.f'ly I:a\ep\v::rne comml.lJ1iu.~I.\aI·
ing f(l any Sero'ic4l and a.~ oltulf' ~&pt>on.e c;omr;nm.icaticns wotI, Comp3l1)'.
(0') UnlflA.~deliroed ,-,"em, C6pi~allZ&d tem1sshOllr hS'ie1h8
meanirogs provided in the AuJes. Thelefm" Enlt1e::l" snail M~!tle
IT''<lanin; provided in:he Rules IJI\d also shall i ... crudto &t'lltif$ fer CTIIdrt
01' OeDi'ttoanacctl'Jntmafrltained with &m-( 'CIl·U!O Entries·') a~ arT)'
Pr.!!r.d.ffiea!lo."t.S
2. ~ wttfIAuln. Cc;npan'faM Bar:k:sr.ancomplywi'thand t:le
s!Jbjec! totMRl..deswltlll'espeel!O all Etltnaswhlltther-o.-nDl e ps!1JcuIiIf
Enlry 1& ~ 1tV00.Jgh Iha automa'ild chlarmQ ho~~("ACH'l nel·
worIc, PoaptISoffl8r'wiMIltXpress!y ~ "-11fr-. lh:ies:: Ihe ClCW01a:rl
OIher\It'i:$.el'lltQUirn, the Rlllesshal1 appfy In ~Us.':;rllries, Company si\.:l~
&ctasan 0rigi:laIa( ar.d Bank sha1Iac\uan Originatirlg~!ofy
Fanancial il'lSlrMiCt'l wttn 'e&p8d to Entries
3. p~pryrnem..
(8) Cc:lmpany 890 ... 1:0 bo!I bound by the pro~is60n Of lt1e RIli-es making
paymeot ef a Utodrt :ntry b¥ 01e AIC9M11g DeposiIory FiMnCfaJ lnst!tyt,o<1
(' 'RDFl'11o the RIIIC8i\Ief pr!'lV!sionai unlil ~~ptby the R OF! olfin;a!
settlememfor SI£h a-edll Entty, C:Jmp.ln)' lInGerN"c1.!l tI'1 ... 1 jl1'in.alse~
~em Is !'!Crt I~. tM RDF\ "hail be.J1tltle<:i lOa~rl.lnO lrom1t-..
Recei'(lltl' oi!ht. 8Jr.caml t::"edited aM Compan)'s~n r.ol bf! dl'El~lQ
ha",p ~ thB RoICtI:r.-er the amourolo! Ih&crl!d'i Entry.
(I:l) Com~agreoslhi11! any payment by s.a,," to Ccmpa rl)' rex any d-e0i1
S.,try. returned eredil Entry~ eredi! RltWOrUl las , 'Re .... rsal"' IS Oat1nee il1
(>at8gr&PI'I 1 ~ol'tis~ftI1'MI1) ~preYis.lOl"Jal until re<.ei:pt by ~ of
final ut1Iemvrtt Iaf fUCh Entry. n I'lNiI senllltmar'!l;s nO'! re<::arved, Banjtis
arltrtledwa refJJna from Company ofthto amounl crwo'l!ed and Sank may
charge Company', attounlior me ilmQlJ<,,1 cre<liled. Bank may reotu.se to
parmit the use of."y amoum r:redi!~ for. datll~ Entry or cedil ~lPY'8r~1
it it ber.evlls~t ttl,,"a ma)'not b&sllfflcl8ntiurlds ,n thQC:.mp..a.r'!\'·1
ilt:COI.Inl rocoverc~~ CI' rerum of'Sl;ch Entry 01' lievefsal
4. Col1lpfiHlce wt1tl Laws; Coraumer Debltt. CJmpanyagr~ lo
cornplywrtnany apptk-!lbIe "ale 0/" Iitd'erallaw Fr.coronection ..... Ith..t" Us.?'
oi the S6f'vicesand me folif~llmen: 01 its oolig.alions lInder thi~""!t'Mmenl
Vl/'hE.re a p"e.autl'"..Qr'..t~deOrI Entr)' trom ill conSLOrner's.JI~'unl"'aJ," fn
amounl trom the ptevlOUSdebft Enlry. Comp.a,,~ ag-ees tocomp'~ WlIt1 thl!'
fI.Otk:e req~rsmerl!::S _I forlh in \r.Oi R uh.,., !he ElectTo-mc Fund Trantler
Act, !lnd AegoJalion E oltha Boer~ 01 Governg.r::.c.llhe Federal ~E!'
System, as appI~le
S. De{j"..-y ofEnny Dm by Company, Compa"ymil)', Ir"om 11'T'18 ~ ~,m!',
deJr¥'&!" Gat.1101" Entries ~ 'EMy Oala'1lo Bar'!~, DIOVlded lha, C<lrr"'i1"},
~as S!.ICCMSfl,Jllf oom~e>..ed I)nl' rtlquir&d I mpl"mentatlon tullng =,,101 10
commencemeol oj the a~locacre ~I"oIICt>, TM Entry ~ata :>ha~ 0. 'rll11e
Ior-rr., have Iha COI"1tenl, ar'ld lI"tdelivered 10 BiI"~ in con/orm'l)' W~ the
RLJld~ and ... rittllt,.. Sar¥ Enl') Da Iii req LI"am~rli5 prO\lldlKllO Com~J."~'. as
ament'JoX! by 6;!:rlll from II mill Illl!mll3, r~ tr~ gll"&~1 <')1 any con irlo.:lbiJlWe.u'
!:> .. nk Enll) Dill;! rIlQI,Nemer-ts.artd I+)e Ruies, the Ben k E!11ry Ollta
re-q:.J ,r9ment~ ~ t'::iI'lgolI"8'!" Compiln)' shalr del,ver 5 .. Ch Er(:l" Data in
tornplianc!o wi\h ~he Seclmty ?fOO;:~l\leS (as.6&r,t190 ir. !tur.pa'a9Iwh
7{c:lJ ollnlS AI/fe.a me" I)
lI, r.u.u_rloCe ofC~~lcs. :ompanl' a.,lh(lr,.i':'9S Jank to iss.;e depository
lransler ch&cks alld prenl;I~(J~ll&d .ch&o:.k~ C 'C)',eo~l<:;.")10 deb;l iI.:;C,);J rl~
atll!\8nct:}1 imr:I'il!1,,-'ns 10 ,lCCO"lpIJsh Itle ~~ purpose a5 dellil Ent:"ies,
~ irr.sI'uctE!'d by CC"m~".a n ~ or as r9asanabr~ d01Erl"r"lne<1 by Sank as
appo"o~matal{)r e/flCient pro<:esSIrlQoflrar.slel.~ 0' 10 nels
7. S&cIJrlty Procltdure..
(.a.) TMio !K.'Cur:ty pr?Ciltd:J.e (:lIe '"Sac;J rity ProceQure·') agl'&e<llo by
Compar,y 10;-L,t~ in .:;onne\;\JoII WII" the dell~ery o! Erllry Da!.!i to Ban:': in
tMlII name 01 Compan)llcr eact':: SeMel:"9 of'SCflbed <1'\ the applicab!e
S&r.m::eAddeocum, ~ero!a~11 Ser.-I-:e, ",s&.;:urity ProcilKlu,e·· mearoStlilCt'::
e!!n6 Pom&!)" Security f'rOCNUflll se:e1:\~ b') Compan)' iln.d arli $eron.1-
ary S€'(:vrityProcedure desrnb-ed in Ttle appllcabr~ S~A&lendu",
., SKurity Oevltts; DI.scIaIm-er of'WatolnUes.
{!II Any securiry ~vice provi<k>d by Bank to Company lor use ineonnec·
too" ""In a Ser.ffl;e isttllltp!"Opel'T!' 01 San k, 1/ Company nolJfies Sai1k:thal
a security difMce is delectl",e¢r iMperable arod retums s.",c~ dti\llce 10
B.att~, eank WI11IMIJilt Ccmpan}' a replacemerol s.ecwi!:)' c:iE!vicefortl"1e
dev'c.e c la;rllf!'d ~o ~ del!lctiv' or inopefo;b;~ NotYo'IIt'::Slanc!ing any
elher prpvi,!;I'Jn o! Ih,s ,lgreeme ~1 or o~P'1erwl~e. S,a n K 's L'iSlJanceo' a
/epl3cemen' secIJ rit)' cI€"'IlC"e6Ccmpan}"ssG;~, rll"rr:~ a "d Banl<'S
S<liC otr-liQ<!tlorl .;oncern'ng do!le-c"'~e and' i"op'i!rab;e-we I;ritydevices
(bl SANK SPECIFICAl.J.Y AND EXP09SS$L.·( DISCtAlMS ALL
WARRANTIES, EXPRESS OR IMPUEO, WRlTlEN O~ O~L,
INCLUDING BUT NOl Ur.IITED TO THOSE OF MERCHANTA8!Lln
AND FITNESS FOR A PARTrCULAA PURPOSE. REGARDiNG
EACH .... NlJ EllERY SECURIT"r' DEVICE
Ic) Ccmpa rl)' shillr "2"1! sole reS?Cnsiblirtyior the CLJstUd~, conlr\.11 and
IJ~ of aacr, secunty device campan)' shilll prompt:~ rtitL,tm 10 9ar'!k e;ach
~tJr'tydell"lce lhat becomesinoperabfe Of fs rC";l1o~ed from 5eI"olICIit
9. AulhorilM .-C!'$'OIl!Ii, Company si1all, prl¢rto its frrSl Uge 01 t~ ;!ppl ...
c .. ble Sar\'lca, p'OYlce Sank w:lh a wlttle" 11!'1 (Ill@' "Al;ll">'J r i.!!d Cu ~lomer
Con:a-:I Lis!' 'J conlaln inglt1f, names and teole~m.;l"e ".u", l;1tir$ 01 the '=IJS
10mt! contaC'l OI!orsons (the·' ;\.,thQ,ileO PBl'sons") w~oare a\ll~o;-~;:: .. ci by
Ccmpar"y 10 prO\llde :hti r!!GUlred En:ry Data Inr{)rmatlon lor PLOrposeS 0:
verifying !he alJ1"enllcityol En!ry Da!a I~ accnrd;mcf" .... 'tlll~le S8'(;U.II)'
Procedures. BanK ma,re I~ ':lrIl~e Au!"orizt!O Customer Contact LISi
which Compa,",~ ~rO"""des 10 a..1'\~ ",n;;t Bdn~ recei"'e$ a IIoritten ne-tlce
I>Q.'n Company C'langl_~; 'l'1.etelephone ~<,1mber(sl or addir'!g or deletms
A\Jlhorilec P9I'$Orls. 8a;,1( ma)' rel)-on E rllry DatillnID'ma:'o" ;j! rod
an)"(:onfitmlng In struclions Imm an 'I P€ r~J~ Barli<: b.,l,ell"es Ie be all
)o.UIP'1Qf,led Per:;.cn
*s!"'! attM-hf"d Ad-;e"dum PI .. ~,(n \~
$ection 7 Icj of tP'1is A.oreernent.
!ee-rtf!:>}, lncorpord,-e<:: .:!~
""'.",-/'
--
.",' .
Addendl.4jl]. A.
(c) Company understands that any passwords, codes, securtty
devices and related instructions (collectively "Materials")
provided by Bank in connection with the Secu~ity Procedures are
confidential. Company agrees to safeguard the Materials at all
times and to establish and maintain procedures to assure the
confidentiality thereof~ company agrees not to disclose the
Ma.terials to any person, firm, corporation or goverrurtental
entity, except Company l s authorized personnel. In the event
Company is requested or required (by oral qUEstions,
interrogatories or requests for information or documents in legal
proceedings, civil investigative demand or similar process) to
disclose all or a por-ti.wn of the Materials, company sh1!l,11 give
Bank prompt written notice of such request or requirement and
agrees to coope~ate with Bank so that Bank 2ay seek a protective
order or other appropriate remedy and/or waive company's
complia;'lce with the provisions of this paragraph. If, in the
absence of a protective order or other remedy or the receipt of a
written waiver by Bank, Company is nonetheless, in the written
opinion of Company's counsel, legally compelled to disclose all
or a portion of the Materials to any tribunal or else stand
liable for contempt or suffer other c~nsure or penalty, Company
may, witho~t liability hereunder~ disclose to such tribunal such
portion of the Materials ~hich such counsel advises company is
legally required to be disclosed; provided, however, t~at Company
shall give Bank written notice ot the infonnation to be disclosed
as far in advance of its disclosure as practicable and r upon
Bank's request, use its best efforts to obtain assurance that
confidential treatment will be accorded to such information.
Company shall not 'l:Iake or allow anyone else to make any copies,
in whole O~ in part, of any Materials or to disassemble,
decompile or reverse-engineer and security device. Company shall
notify Bank immediately if the confidentiality of any of the
Materials is breached. The obliqations in this subparagraph 7(c)
shall survive termination of this Agree~ent~
.,
12. RefectionofEnltyo.t. o.ol5ntrin.
(al Bam; may rllj~ ant Entry D,ala a' EntrywhlCrl does MI comply wilh
tHe reqLJnments 01 Paragrapt150r 811)' ot~1 wrltt8n Bank reqwr~rlls
providM by Ban.!.: IV Compatl"/t:'om!lmelDlim8 Of fOI' VI)'re.asor1 foI
wtlitl'llm Elrtrj rna', ~t&l.\JfneO \l11ll~tM ~I,)\es, Bank aISO$t1a111'1av11t
lI1erPoht 10 rejBC1 iU11 EntlyData f1 Sank h.as atlempti!dbutjs llrlAbl8 to
VEri1yth, l~iclIyorlh8 Entry Diliain IlCCOI'daroce with IN awr~a
Sacurit'j Pr:Icedliffil Of 11Comp&r1y ~s laIled10 uLi:sfy rt5 ob~~tion!.
~fP&raglapn t4 althis Ag'HfI'ent. s..nk~lgM I't()~ Of r!'jBctjon 10
Compa"Ybyl~, eIecl:cnlcariy, b)'facsimile, ar inwrning.&S Bat1k
06erTJS.~ U1dof IhedrcumstanCM. Writ1ert rootJcss rlayOe
serll by ordinary ~l NCXlcu 01 ~on sha~ be a~ecuv. when ;fven.
BatIi< will QiYe trlEl rIOt.iee orref«:ticn \IIIithin two BU$m!!lSSDays 01(1) 1M
Business DaySlJCh Er.tryIll'OUIC:oU1erwi$&i\a'lffbeen sanl by Bank ~
the saiec:te(tACH pI'!XfJ&SOfor, (r.) in lhe case c1 an On-Us Entry, h
BI.ISi!1ft4OaY\he E!1\J)I WQO.IIC~!;e tle"a been ~eQitBd 01 O6tIiltttl '10 ,,& Reo!fve('saCOCIIJn1. B.tnlc v.aJi ha ... tI no lili::lil;ty to Comparty fOl' the
rejection Olal1y EntryOata or e,.,try ,u.pe!'mitt~ under ltljsAgleement,
anc Bi'lr"k'5hail tt. ... 8 1')() obrlgaljon tepa)' inler.~1 u:. or Dth$",,':>8 compen.
:>ate Ccrnpany, Cl'edil Compan)"1; accoul'Il or make i.."ry adlustmenllO
Compan:(s aecoLJ.,:an~~s1.iIwmenl (il ,e.ro'{) with re~ecIIOaJ1y Inlere51
ormlerestec:;:LOivalent for the period b9fore Company ,,~ce~.s Il1e "OlH:E
oj refPd:o'1.
13. Ctl"lOl'rIation or Amendrnem tlyCom~.,y, Compan)l ma)'no!
canwl cr amel1O:any EnlrfDlla aliI!!" fts rIlC8;"! by B.a.ni(. Com~ 'I1ay
<ieii'wr EMry Da\alo BaM /01'...,.,51"9 Er.tfleto\"' AC'VefSab'"ipl,ll!ll\;il11110
ttleRI)~. subj&ctto F'aragrlpl! 5 olll!isA;r&emltflt; !\o\llle>/IJr, e.arn.11a.s
r.o rL8bility fj such Rec·tJ~s.&/'e ~ erlected, NOMi1hsta.nding allyotMI
pr>:M1PGn oj thJsAgle&m£!m. Ccmpa;"l)l d9r~s 10 1r.dl8mni~ and ~IG" Elarl k
h.arm1eS! from and agajrult ilmy arod all actlO"1S. c;laJms, de~anCl$, Io<-....se-s,
113blJrtJes.darna~!!'S. cos.ts and 8l1:pt!"l5eS wl1a!~er (includlrlQ Ov': nOl
limite(! to :-e-asGnilt.lill attomlll~S' raes. I!lIper;s.811 0/ litigalion an~ aHOC<lted
t:.Osts/or ifl-hous& Ieg3J SCNICIlS).aris.ing ou~ 0101 relil.ting 10 BiIl1k'S.actJng
or attempringlO ac:tupcn any Entry DJla lor Ruvorsals delll'ere<ftz Ba"k
OI'Company
14. P.~I\.' ""iljo, ~npet"t lO E'I'Itne$.
(~I Compa.--:)' l,obligalOO to pay Bal'lk In im~lalel)l avallabie '''~s.ar:
ilmOLJrll equaj 10 Ihe SLJmol atJ CJe-1il E"tries or tUlClI R(l\le,sals relal~ t.u
Erolry D.a1a delJ\'l3led 10 Ban~ t>y Cof'l'1pa,,)' prlO<' 10 B.!!" k'$ i') sendl"lja r:~
credJl Ent'"j or deOlt A"yen ... llc liS se:ected AC H proce50.S0r or Iii) ,n Ihe
case 01 a.r.y Of1"·US E~I!"/, cr6 •• Mrng c("deoortln!;. ,l;.appl.t;.;I;ole, a R$o;el ~<'!! 's
;u;~r,twitt1 lespect 10 /ill)' cr'1dil E"ntry or deI,J.1 Re ... ersal Bank rT..J~,
-
15. Pal'manirorSenllc". r .... n
raj Compar'l)' ,shan per)' B.v1k. its feas a..,a cl'larg.es lor the Services in
... .;rordance With B<lnk.'s !.<:OedlJle 01 ct1arge~ aa ... ~ sf-,arll providlo Com
pany a copy or the CU.rT~l ~"Ie oj char9t'$ r.apon requem. An :ees
and charges are subject 10 cllan.ge upon 3Oca!~ ndarda)'S' prlorwrirten
ro1ioe·f.'om Bank. 10 Compan)l, e:rlceptlti.ll any ir,cr':!8M m fl!'C'S ID ot:S(;t
any I nCfease in rates charged' Elan.k by public or p;"allt! orc:ommor'l ca~'ler
com~unjcaliOrcs facililles and ;hi'd·('ldrtytim&--sicarmg s.i.lPP~8f'S [coIlS(:·
twaly' 'V&ndors' 'J fa< ~""'Ces a!fectl"Gl:'es.Ni~ sha'! ~me
eHE"Cliye on the same day as any Vclldor's rate Irlt:reue Bank wm,
hcw&yr. use reaS<;ll'iabr.e etlOft! tog;"'8 CQ<'!1parry'::lJ cal .. -ndoir days' prior
wnr,en nOl>Ceoffee mcreasesd,,8 to \!e<1dors'rata inctel.Se$ Amo-ur.ts
d<.:e to Barokshall be dllternl inlld andpaiO aOCOfdi~g 10 Sank'S eocou."
analys.IS prO(:lIdur~. IJnless Compan i arranges aroOlher p.a.ymef1!
proced'LJre. acc!!IptaOAe ~o Bank.
(bJ Company shO'I! payor re;mb<.rrse Bani( r()l" an~ saJKand use UX6S,
wh~re applicah!8, and ilnyctl1er go\Iernmental char;8,payllt<&b)' B.ar1~
(incl<JCmg propertytaxesJ lEr~ied, imposed lYa~on anI" ~
0( an)" :>€'CLJrilydeol'ic:e, t'qulpmenl, dOCun~nlalior .. Pl'iI'I11Id m>ller..als,
1f;'1;"'I.II"IQ oomalrlll!troar.ce reLati rog iothis A2rHmerll. Ind an:1 QtM' such
taxes or charges all5inS otJt of or f11 an)' wa~ rlUllng 10 IhlsAgreElmil!"nl
e:<cllJdir'lg, howeveT, 't<illesbased upor. aaro"'sl'lellncom~
15. AC:c.M.nll. CompanYSNll1 main!.ain 81.0 d!!'S>gnatE-an KCO\Im or
aCcounlSwllh Bank whlc!1 Bank mEl)l use rordeoi::litirlg Cl4' crediting wTlh
r6'5P~C1 \0 all Entries and Checks and relaled adjustment! and char!;p.s
vnder Ulis A\;i'eemel1l {eoonectN8ly Ihe "Acoo~nls·' and ~ndivf<::lLJa~~ Cl.ro
··A,,;coIJ1",1'1 Compa!")1 reple~n'ls "mc \IIIarTilr.:~ that Ihlt! Aceo,," l:i are,
and d'.lrl" g :r,e tefm (lllh,s Agrel!,,-,entwiil t'€', r.-:alntalr.&d pOmar~)1 for
com~e' clal, a"~ nOlj)E"rsonal.lan'"'lly or houseoMld, PL:fPOS4js, Corrp.!Cn,
fL;rt";:f rtop' eun'p;:anC: warrants mat :he ::Jetl'll ~g 01 ti1e AccoLJnts as.
proYrded .mdel thiS AI/reemer'lt IS nat inco"-!I~lent"l'i1h a"y 't}'SlriClkm 01'1
the",W oft.'le Acc.oul1t."l Com;:'''n)' agree5-1II.O).t il wli be deemed 10 malle
arid rene''''each represenlZlicl" ilno,",'arral'lty made in !hiS Para~aph 16
Oil and as a! each dayl: lJ SI3S a"y Servk:e
17. EnonMlUI arUl"IOl\J,horiua Enlnes; Di:!'tlonorof Aetumed
E"lries,
tal G()~pal'l)' L:ndt"rst~nds in/QrmatiClf1 w:lh rKpec:t 10 E"JI ies SEni b>'
8.0 nkld;ts se:e<:ted ACH prore.sS(Jr and' On-Us Enllles crooltM or dp.b
:leoC. as "PPfcpriate, 10 a A9(:;'j, ,e($ account Will Oe rl"rtede-d on Com-
pan',.-,. periodic aCC:,:lUnt sta!emen:s iSSL<ed oJ' Sail" With re,.peellO ttle
ap,r..llcar.le Acr:oLJnl and a'so moll)' ~ made a.vall.ai::l1e 10 C ompan}' b)l an
elff.lron.c-report proeuce-d t:'row;H one o! BanK'S info;matlon [ll!"portinll
:;;ervlcesll Compall!, Mas sui::lscribed'10 suO· s.erorice-s 1:8ach 5\och state
menl or repo.'t baing a . 'Bank Slatemenl' 'I, Campan'" snal: el(am~ne SUC"~I
6ar>k Statem~nt~ a'ld 5"al: gr,e 9 .. nk prcmpl wrltlen nOllce {including
a statement ol'€'le ... anl racls,! 01 any UnaLJthonl€<~·OfE-lTon~US. Entry or
;;m,' Clher di~crep.af1c)l belWeen Compan~ 's reo:!r,j5 ",~oj Ihlll nlQrmat,OIl
s~.IJW'" on the 'ele1lal11 P...ar.k Stalemen~ ",ill'll11 "Scale~d3~ da)'s ,]l'jeJ
COmpan'i 'So r eocelp~ 011'1€, ~ 1'3: 'elt!',ilnt Ba~k Sia!eomen\ Indlcallng a d,s
crepancy If Comp,In\,' 1.0 lis 10 g,'.''' Ban~ $UCI'l wrltter. n(ltice. 5a"~ shan nOI
be I,able lar (l< Qthe(""'I~e be reQ.'Jma:d to ecmp<en~,fJe Campa",' (th.I<:H.gh
account ",nalySIS 0' IJt~e r"'S€"1 w,~t1 re~~t 10 a,1~ 10'!ls. O~lnlC"reSl /).' arl)'
ElectroniC Payment Services A reement ~"------------------P~'~~~'~.~"
il"l8("1 eq<.Ir. iU&r11 r8Ia!ln~ lorN" rleI.o1h()(,md 01' ,Ol".n,n Enlr)' or ~ Bank w,li nO-:-:pcl~tJ'9 tor Irle .ct~ or om,s-'1icll.5 oj COmpan~ or
discrlJ?lIDCY 11 Companyt.ils:o ncl1ty Sa..,1<; olao)l d,!o(,ep6rlCy """t~n" 2 70 Com~an)l'i ot/';"rs, em,::.lo~ees, ·:)r a~enls (mclud,ng wlirlOLJI ~,lmllahOrl
c:a.ltmda, da~ 01 re.:e~ althe !'irst rMv1il'l! 91r1k Stalemefll, Cornparly lroe ilmeunl. 4C(;\JlilCY, 11 mellMBS or dill,,,,,!), or dUll a~\hom:a"Q<l.Or any
snail b&pt"e.. ... lJdad ~Oti" usertmlOlttJal Bar1k Is-rKlt 8n1:li&(l1l' retail'! 3.') E roil)' C'ali! re<: ..... ed, Ire,," companyl or (he ac [S QoI' om IS510ns of arlyc Ihar
payment re<::eivad /rom C~r:y r!lll.atil'Q,!O Ih,e Entry O~ d~screp.rn:)I, p8r~n, Im;I~Jdlng" 'Ihour Ilm,lS.hOr1 &1"')' l11!IIOI'l!I,1 or rrl9lOf'1a,1 cleannp
-:.omp&O}' sha~ I'Ictily e.l"k~omp':~ if' ",ml.lro\jll ~lltllillf riser_or d'sco~ers-hOI.!S8IUSOCIi'.r'or: or any oth!.'1' ~ nanc,al"IS: 1.ll,(Ir. or ar>~ \, !!'nd.ors, ar'lO
trom /lI1)' sourc'9.:.t1'oer tl'ta.'" Ban k Slatem;lnt sro~ 'nfO("mal;on CO'll;e<T1in9 ;-·0 su~h person s~aJi tle<l!lsm 3d Sa:-lk',11 s~ent
ell L.mauthorizedOl'e~,,~ fnl?y. (d) In noe'rl'l'1: wltl Ba:'lk be liatl~!.' ior any special, jndlre<:l, exempla')' 01'
(h) Com~)' 1'ta.!I rtcJ right ,0 rflquas( B.i!m 10 ~.sh¢nor ar,y retllrroro Entry C'Jn-Seqllential <:~mage~, including bur r'lot Ii m,led tQ lo:o;t prof-IS
,mle5& Company gl ..... B&nIo, we" rSoq LHJlIt onW1'I!ln'iiil. togethel ""I" any (It) Bar'lk wil: be e~cu,9'd trom r .. ,llflg W &ct Ot ~Ia}' 1<"1 "r!IIl'J' and IX! such
relellal11 il1!'om\ation reo~r!KI und&l"tI1e Ry*.al'ld Bank rec&illQ.5 w.:h !all ~r!l or (1elay sha II conSIJlyte a tlra3Cn cftn',s A,gleoment or othOfWfse
IIIT'it\.e., l"equesi and" .r'lfomlal'<lr'l wil:'lit)tan 8lJSin8SS Days arler Blink gtv&r>M 10 M)' liability 0' Bank if 1'1 such falll.'r8<:lrdeIOy f! caU$8C bl'
hr_s notilii:'!G C.ompanrol Bar-;Ic's receip.I o!tM re1y~!Id Er-::rl Bank "",II c;rClJmslafoc .... beyond Ek:nk's control, i'lCludl:1'; c,\ll not 1.rl1iled 10 :!lgili
gN-a nolic1t Qr ~ell..rmed enbiesbylhemerlns, and Io!'lle e:o;ll'llt ~reoed cOI"ll;uaint, emerge7lCYc;:\l'ldit'CIns •• ction or i;laClion 0' QCI'IernmlffitlJl, civil
to betw'5en ~ and Bank fofSlJ.:h (lOtlcn, Noli~ by Bank 01 a or military authority, r.re. $lI'~k&, ~O\.II Of ot~11tf law d.spull9, war, rkll.
returned" Entr)' IIIWI /)f.I er1ðt6When ~ ~I'(, flood, &ar111qua~8 or oltler netur-al di s.a~tl'!r, brea~down 01 p'.Jbloc: Of
18, Compeny ~o ..... al'Kl WtrrJ1'!IlH. p!'h;a~t' or OOrolIr'on carrie< com 1'1'1", r1i;;ahO<1:;' ~.llloes, CompU11J( lrlal1c:nc;.
(a) Colt~~~'lJ.andwarrat1t! thaI' tior'l, 0< ~I, n89llg.ance oroe r"lIit otC¢r'T'>?<Iny, 01 (i1),uCh failule ~ Mia,.
!'&SuMO frem 6anr.·SfOa$Or18tl<e Dellelll'lat the ectlon WIl-Uki hal/e ... iolaied
~) it hasth.! corporatepower aM BYIt:ofity to gXl\Cute, darlll&rend' rlnygLlidll'lirw!. ruljlo, OO"fflgulall(ln oj an} QOvltmm(tf1tal alJthorit)
pe1'form tr,'~ AIjl'Hm01'1t",
(0'." it hai obtainedthe appropriate aUU'.Q/'lJ:iltion Irom t'i!.d'.per~n
ownin.g or ~kl'lng the4CCOjJr'llS)1own In Srw,,' Data deli ... C)re<lby
Company to Ba',k.&'\d Company's insIrJClr.cns!O BankconlO<"'l1
to !heau~. Bf1d $Uc~ authorizaoor> wil' tie operali~at lt1e
tJmeof(A) ~"\lr;;'s sending ofu-.e fetatlld EnlTyto afiACH pr~
SOfor(8) Bank's craditingOl"d~ti~. B!l apcroprlala, 01 ttI&
r't:!~lad OI1'Us Enlryto Ina Rt"Crlil<&f'S aceo," 'II or (CI eanl(s issu
ance olCheeks: 1!r1d'
~i~ Company'sell:ecutior1, deliwry .nd perfDfmOllnceol th~ At}fee
manl.1ld lhe lrans3ctiom conlemplated 116,err. M .... bee" -'Ury
aut~&d'byall r'leces:;ary action ~ 00 1" .. ,= tAl 'o'io'ate an)
pr-ovisiofIofany ~icablf! law, rule or r~lalion~ncludjn!il bI",
not lim1ted to 8l1yliCfmsingreqlJiremenls)or 01 Compan{s char11t1'
or bytirws or other ljilCWmir'lg oocum,nts, as. appllcable, or IE)
result ~ tt1e breac:hof. eof'.stitull! B deraurt L.ln6er. 0( requlrt any
consen:unt!er ar.yagreement o. hsln..rr.enl t.o",'~~h C:Jrr.piior'lr <s
a party or 01' ~ Compa.rry is boYnd
CbJ COmpany .... etry ma~ '1M same raptllSel'lta!JOrls.N:! waJranl'1ttS to
BaJ1k ~ilh respect Itl E:1ll'ies sen1 byBank 10 an '-'CH pr-octl5.SGt upon ttl!!
8L.11t1oriz.aticn of Ccm~" as Bank is dttemed to make ul'ldef lhe Rules,
ar\d Ban~ sh.alrnailE'llU'~bil~ with rupeet tomal:lert so ~
SE!r-.ledar.d WllITilnte(fby C4:1mpany. The lofeOo.rtg Sl'r'lience shan n¢!
~ylO anytep!'eoonWlot1 Of Wil1'f'flntycontaiMCf In the Rules relating
to (il :hepo1lW!lrofBank under appfcable l<I. tlr(i~) Itlv COfl'ormily of
Enlries to the fi~ ~mcatk>ns conlai!led;n Ihe Ryles
(c) ~'Y~tlIal i'lstraJl.bedeetrle<110 ma~and Irln_eacl1
representatm ~ Willf'r8l1ty mallein subparagraphs 18(a) arc:l (bjo.-, aad
as of aae:h d.yor. which itdelr...ers En!rfDa1il to e.an~,
i9. Limitation on t.ilbmty, CompenAtlQro.
(a) For EntTi!!S o!her lhaf11t1OSe Oescri'XlCi Ir'I SlJbparagraph 1~) an-d!OI
Bank-s ottlerotlllgatlor1S under !tIis Ag.eement, Bani< ""ill rool be liable
Iofany exper1~, claim, loss, tlama~. 0< co:i~ (" Damages"') atisir.g 0iJ!
010.-Il!I4(irlg toibi ~rftJlmar.oo u"d8f thlsol>.grHme-nl O1r1r1r Irlar,lhose
Damages which r~~llrom ft.s acts OfomlSSions COr'lst!tlJllnQ I"lE'9li~nC;l!.
~8Ct1O the nm:ts in ttlened suc..ceedir'lQ seJ1il'!roc.e Bdnk 's li.olb.I,t)"5
rlmiled lod'lr8ctmor\8y D.;.mag&$ WuaJly Incurred byCompal't'f Itl4J1
amcullt r.ol uC"ftodirl'iii/ tn. greaterof(i) trle tHS lorttle 5arv.ca dlJrI'\g Ihe
monltl jll which li'teolCUOI omi~r1S oe<:lJrred, 0.-~I'J compensahem
&q\livalenl tointer-esl,lOftl1e period oi delay, on Itle amount or any debit
Entry 01 Ghe.::k w!'!ic:~ s..nkdetaye.: c-rl'dll:;,g 10 CompilfT)"lllC«lunt,
i:aJculated ir'l accvrdance wrth sutlparagrapf1 19!r) or (j;,jlP\.e amO'Jn;, Fl
any, o~lecrbyB3r.k hom Ccmpany's accoul1tlor IA) anr ~Jedlt Enlrle.s
sent tly Sank to IJn aec~!;llt 001 sp&c::1!ied 'n l!1eE.~tri Cala ~ (BJ d")
moerpaymen'ts for wh~h 9al'~ i! liable aMl Compa:'ly is U"i! ble:o r~Cl' •• r
Ii sucn an o .. erpayrnenl or Il1CorrioCl tr)n:!o'el occurs, 8.ani< 31$0 wiJI calcu
Lateo and pay Of cr~itCompany compens.allon equillalc.n 110 lr1~erest 01'1
~eO\ierpaymentOJ~ amOUr'll .ncon'ectl~ lranslerrftd. as i!.ppllCilbfEo, as
prO\'<ded In SlJbpaIagtlI~h 19(1) Q:,mpa"y ~halllJS8 rUS""iII~e e1fOJ".s Ie
~st Bs,,/I fr. ~erlngthe amount 01 ant :w6fljaym8lnl$
r.:» For Errtrles sutlle>c. Ie OMS-IOn II ofthtlCailtornla Gorr:mercia~ Code
f 'Dilli~on 1 I'·) 9O\I'I!;n,rl'iii/ funds transft."(S, 8ank wi" "01 be liable fer a'1ji
Dama;esarisi"g Oll\ of or rel.a.\1"9 to lIs ~"o<ma"~1!! II '''~i!'r Ih IsAgre+
mer'll oI~r tha:1 tnos>e Oamiigtt$ rltqy ;ri!ltllJ bE pa'd IJnder Olv,~.or-l i,
pro"'ldecL howe .. er, :hal a...,~ Wlii nOI oe I'JbrOlor an,' slJCh D"mages 10
Ihee~!ant Ollle1Wl~p'o.,.,ded In th,s Agrf:O<lf'T1ent
\ fJ In!tJt. .... ..,1 Bank is oO'igaleod to pal' C'OI1O~satO:1 e<:jL;f\·aJ .... t 10
il11ereSI, ear1 k wil! pay $()C-h compens.ation, 01 cre-di1 G<lmpary's aC'COlJ11.
as Bank cselern~Ii'".es.lJpor; writ'tt!ln demand byCompan~~ C-ompensaloOrl
equivalltf'll to inl~re-sl jor Ihl'! rele\lant peri¢d'w~1 be caJcui.allld as 'ollows,
ei) ilthe appliGa.tl;e acccul1t is ar1 anaty.le<laceovrli. 8.il'lkwm
calcula!e tl1e amcunl \,I5ing:ti'tefllatr1lr'1g9 credit rate(s) lOf the
'CCOU:l.t ror the relolwMt ~¢d accO'"o::!ing ID Sar'lk's pub~;shed
account analysis proc;:udlJres~
1i'1) II thG appllc~la accounl 'IS a r,on -a,.-,a~ed Inleres! bearing
BCeO\Int, eano. wilic.\IC:lJlate!he Bmoontusir"lQ Ih& interest ra~p\s)
fortMe accountjor:he fe~at"i porioa, or
(il i) rf Iht'appllcable "'(COY rr! is. r'lOf'I·anaiyred rx'In.jn~ bel!'~
a.c;c.ount, B.ank wili carculate!he a."'IOunt USlng:the I' .... er.~ol the
Federa, F'Jnds rale pl!blis~ by the Federal Aa-ser.e Banl<of
N_ '\Iorkcjor tile lrel",var11 p$fiDd, .... juP.r.j byapercer'llage equal
l;I Ihe f<tf.4llr"l>'e req.Jireme,-""lt 100' ttl. aCcoynl.
(g) No!wi!~Slarl{ljng any other pl'ovWonofthlsAgreem4nl, if Sank wou~
be oblrga:ea lopay COr'!' pensatlOn 8qIJwaJeol to in~er(!S1~" Comp.a"1'
l1ad a withdriIW;a.l)Jre Cf~rI OOilance in theapplicabl~accounl a~ SYCh
.=un~ WiI:;..n Ilna~/zecl aCC«lnl. s.a."'lk wi;1 nOI tn. otl~gale<l topayarlY
C'Ompel'.sallOn otherlha" In &CCO!'dancewrlh Ban~'s put>lished o.c:.coonl
anBI)'Srs procedurlK
rea50nabie ~
20. PfotKtian Ira hlrd' PI"IH. Company s.haIIIMem:1~:--i aM h<lld
Bank harrr,i8$S fro ar1d agalnSl any .nd all actIOns, eJa,ms, demands,
losses, Ii!lbilitJes. ama\)!'!s, coslsand e.pen51!'$ III'hcItsoe...vr (incJucling
but rlOtlimiled .. o,ntl)'S' lee. ,.~~ ofJrligalion and al\ocaled
cos~ ror ,.....oousalegal $&r ... ic.::::) arisJnQ out or c!relali rlQ 10
(a) any E r'lirl Data or E:Nry 1e11'.ered Of author~'i!d by G<lmpany, 01 Afl'1
Er.tf) Dala the II lrl:1entIC'~fOI ... ~; c1"> wa5 "'re"j,~ pur~'Uan' 10 the $e:;:urlty
P~oc;:e<:lure$,
(b~ary c,lJ;m thai Sank is resrxlIlsibfe fer any act<:lr omlsslcn 01 Co~pan)'
or anjl oti'1er perS<'n de1>CrltJe.:j I:' wbpar""raph 19(c1
Ie) an) br@achoi a" ~ ,:,flN: represen~t'or.", OlInd ""arrar'llies In Parag,aph
18 olthl.> A9r!Wml:ml. .nd
[dJ any o:r1er c;jtl.~m S, disputes 0' .ctlon sby third paJ1ies et)nC(lrning
Col"l1pan,I"·s U-SfI o! tr.e Ser"l>'ice or Ban .. 's acts cr oml:!os-ons 11"1 prQ"lliljlng
the Ser"l/lCe, e_c;ept tt"s c~use does I"lQ\ "'Wry to 11'1, \Voss negligence or
;nten(ional mlS-CcJI1i;lut:t Of Sank
Compa.n~ 's obilgatlons here lJnde-r shan surville Ii'll! t~'ml n.atlon ClniiS
Agreemenl
21. tr'lconsisler'lCy of Recl'!r .. er Name orind Account ~lJm~r, Company
ac~no ... ledges ar.d agrees ~ a.t rI Enlrl D!!\a ceS(.frb<!!$a Receiver :ncon·
SlstenUyoyn80l"l1jlo and .CCOUflt nIJm~r, payment ,,' Ihe relaled Entry ma~
be mold<! by~" RD~I !0'Il:l~ Sarlk In Ihe,c;lseof an On-Us Erolry) 5>OIeljl on
the basli. 01 Ii'll!! a~,ounl nun,tle' sUppfled by Corn pany !!'l'Ell It ~t ~tll!nl,f.es
a person dllle~enl 110m the ..,ame-d Fiec8111",r
22, l"co~5Ier.cy 01 ROFI Nlmeand Numbe;, Compan~ acknowl·
edgl!!$ ilno ag<eq, 1hat. r' E !';:~ Dat .. descrlCe!; t..'l'!!" RDF-I.nconsleljlon:l~ ':>-y
naro1C ano >der111 ~/'" g number, paymen~ 0' thfl rel.a\pd cntr~ "".J~ be made
sole I)'on Ill,eo bas:'> (llt" • ., ,de n II fool'rlg numb" • .lSu pp:led oyCompa r'I)' !!'lrC-n II
lhe Idt"nlli)""9 "~"'-Ioer rdent,il9S a per$On (l;trere~1 Irom Ille r'llJmed RDfI
I
~
\ .' ,
Electronic Payment Services A9~:YJ._e_n_t ___ _
:il3.~. Nerthe!'Companynor B.tnk,aNl~ Ir.'illl tMOIhotr party'.
'Mml! Of reJer1!l1t1e other perty difflct!o,o orirldirtcttr:r'I at1y 1Id>$'hUmeJlt,
news rMns5,aolhefreieueto lU1YP'J~ioCatiOll wrt~ul recBMl"Ig tM
othel' pattie ~I\(: ~wr1f1.rl approo.a110l' $aC::fl \'Iuch u~orrele,a$IJ
In aodtliOtl In trlelor8QOk1g, neither Company nor a.,n' s/'Ian UY'th6 ,other
p.&."t)"s namtI Of rl!lrertotne olnar p6.rtyd1f&C1Ijo or iodlrecll)'JI"I In),:;olrcota;·
WnQ(' rnaJk8t~ materlala.tlholll rac.Mngtl'.l clholf p.ilIf)"s specific
pMcw IlW"O'f8l fo( heh suct1 U$&Of~, Ths para;rap~ sl'\all ~ Itmll
eilMfpatty's a!)ility)..o Mlis1y 11111)' ~r.=entlirf:lf JuC"I&~)' fltqLJlt&C <_.
24. fIe.Iationabip. Nofulng contained in INs: ~8nl shan crtlllEl
811)' agency. f1dudaly,jorrli V'8f!!lJre or partrl8f$hj~ r8lahcn:l.~lpbetweton
Cornpan)' ana '&afIk.
25. 'ttIndofs. Bank:mai<ea no r&ptl!l5&nlaliQ(1 Of W!lrT.f;r1t)' regarding lrl)'
~'.NI'Vice
21. NotIcas; fnattuct'cnt.
(aj ~a:solh~.~8Mlypt'(;'Ii6ed '-\tin, Bank &.'\alll'Ol::>e
r1IQui;~ l.o ~upOM any notice Of instructJo(l ~trom ~ or
at!yomer pemoIl, Of toprovidea.,y notice or adv,i¢e II: Compan)' or arry
other' per:sotI wi!~ P'8Sp8Ctto any matter IJrxWthis A9'Hm&m
~) &c.¢U~lIXP'essJy ~hi!ret(1" L,,\yOj(lltt~ MticfI or
oI1*wntlen ccmrnunic:atJcf1 lObe g:tvenancHlrtt1is Agreerntnts.halrbf
giYf!n by malIlrlg' th<l S&1'M, post'I98 prepaid, Of by penoo8l OtIlr.oeryCC
each part)'.: theaddr8SM$ Atlcrlh Cfi the ~l\If"8 ~ ollhts Agee.
men! Of to.sucfl other aQdress as a party may sped/)' in wrl1i~ EI~pl a:;
~se 8xp1'e.ssJy proviOecl !)Srem, anr -!UC~ notice st1aJrbeeol1K1inl
open receipt.
27. TermlnaBon of AgreeftMlflt. SUbfec110 lJmTlfnat"l-ll cia parhCtda;
5e!"Vie.epur$lJanttc:l ,u~11 :(b),Ser"\IiCes stan rol'llinlll! urru~ t~is
~I is temlirIafecI as proYicIed be~
(a) Thl&AgreemMttma)' be lerminati!d by lri!hef pilrty iJPO'14:5 cal8nd.a>
days'pMt W"ritt!!n~to the alhillr.
(t:) 1'hls Ag:"Hmeni:maj' be teaninaled I:ly BaI1k aI.&l1y ~ by wr~ttef1
notic:a If (I}~)' bI'&aC~ any of the terrfl$ 01 :t.rs Agl"eem«l! Of an)'
oU'Ier agr~ 'fri!.'" Sank or aNt agr .. ment irnoMn; \he tlQrfOWiT1g
r-Amoney or the 8x:1ensionorcrediC;{i~CompanyIlqvki41as, disaor.-es, meroe-s Intcor consofldates wt:h ~her&r1t11y,(1fsel1s,1eases Ofdis
pasn Qf • sut>sta."\1iaI panio<l of rts ~"'8$8 Of asMIl.s~ (i~ Company
tenn~1ts t.usine.ss, fai!s9&fl8l'allylo P'i-y ibc\eCfS as t!'IeybecorT".e
due, (X .emits in -rot'S Its ir.abi~tt topay its GebI:s UlM'1 bec:cme -r:!.\le.
Of~ IIrnJ bwI~, ~rl, arrangetl'1l!nl. ns.atverq.diuolutron
or similaJ' proceecflfl; is lristituled" with tespecI to Companjl, or 11 CompV1j1
maXe$ J"Y 8l8igr'lmenI tor.". benetil: of o-edJtDJs or 1i'!1«t!me any com
posftiarI wiItl CTe<fIQts or takes arJ"1 COfPI'fiIte aelion m flJrttlefa~ ol any
of t'"M!I foregomg; or eN) any monerlai adver. eMn\ll!: ocelJrt i ... ~{S
s,c _____ _
~;~-------------
Trtloe:, _____ _
tnlnClal carld 'tlon Of rSSlJI"t~ oi~elal'o-ns or a!llltt-,Ia po!rf¢rm its obI'lila·
IIC'\! I"t«e..ondu Company '/\.all prompllrgi·/8 written noll,;;e la Bal"1kof
II"ItI occurral'lCa 01 !lny Oll~otl" fOO"egoi'l-g till/ants
(, I Ter,l1maUon 01 II ~r,,;C9 or 0' !h;~ Agreement :;I>all "ot a:'led lij the
rlg!1ts a~d oblt93tiQns 'Jf :~a pal1le~",,·,tI1 r~~poe-clto a"~ Er>t"!iI~mltlatf<l
'" Cn-ecks j~1ue-.:I'priar tD term in,J~io r> 01" (I;j tne p.iIIyr:18nt obfi;alion~ Of
Comp.;t"y.i!p(~ to ~i,es peo1crmlld by Bank prior w le!mll'la!lQt1
or(i;,) ilny¢l!)e< otolig.a.tion5 'oI'~ICh S\jryll/jJ larm:MtJon a/this Ag:-t'ItfT":em!
28. Aljjreement. Th,s A!lI'"pman I supersedes 811)' pr~ .greemant(s)
t;,&"t"Wfi" Comp.mYlnd Bank 'oI'::h respect w the wl:l~llt.atteo" h~
Ifli11f1oeveot of oonnd ~tw&e~ L'l,~Aitr!tt!m!ilrlr &<1(: 1M ~1J~e;;;, lt1-'J Rules
snaJlOO\lem EKeepl u ol~_iS(, e:lp1essr'ip.-ovi(f~ ~,ere:n. in ttItI "",an!
01 any tOf"l1'\O("I ber....'!HI'n!)llJ "91~mfln: ana any c~ ~~tC·T Olal
slata",enl (includi~ withOulll~.tIi~Or. any d&p0.5rt &9'Hme-nt ~M!1
Company aM ~II.J Ihe trm! ¢flh.sAgreen>erll ~h9;~ ~<'Il"n.
U. SevarablllTy,ln lheevf'nttMl In)' pr()ll'~ ol tltIS"'g.oMme": Q( Il"Ie
t..;lpli-CatiOfl of any ~uc.h. pro\iis.ion. 'C an" P'f!1'$Q/'. Q!" Htoj Cir;:umsunoes
stlall btidatermined lobe • .,~~;;j, unlawtuf, '/'Oid 01' IJI1e-nforceab\o l.o I"r
~~Mt. the-re-maJnder of IhjsAgre-emenl, and U,e apflrtUlionofsllCl"1
provisiot1 to p'l"$OnsorcirCUlnatanC~5 ol~ thar> tJ">o$e.2 wwtll'C;h it
I£delermiMCim be-Invahd. onla.wM, void Q!" 1J~r>rorceable-, s.ha~ rlOI
b6impaitltd or o~se affected and.&toaIr COOlil'lL/e 10 be lIalid.""
IInfOtC8~e to the IlJnest aWl...,l permll"!~ by law.
30. Non-AMlgnrnenl. Neilher Company.-.or 8aJ1~ maya5.S/9n ~.()r:1'
fi!2hts. IJndftr this "'greemel"llwil~o ... ~ lhe ~ written 000I'\S!ffi! afthe othiY. -,
31.l!Iindlng Atree-tn.nlj Benefit. ThiS A~~, ~II oe bmdl11fll Ll?On
and Inure !Olhe be~efito! ItM; partoes herem ilndthei, 'JtSP8CtJve ~f
repra-senl.!l've$. i5-OCCMSOl"' .. ,,\.1 permifted assigM niS Agr~t is
nolfor .hl) I)8nef:! 01 any otl18!" ;,er$On, and no o!t'ief p4!If"SOn shan halle
a.ny riphl asainst Company Of Bar:k hElr~\JI"l6e-r
32. ~.adJng •. Hil2(fJngs arflll$OO fOf reference P'J~onl) .. "d s~
,,~ba ~o&d a part 01 this Ai1"ftl!men.t.
Sl. GtlV'~I"5-~. TNsAgreenlOnf 5",,11 be imPrprt"l!id in Ittufo'arx;e
wfln call1orn~Ja'ol' \\I1l.T\oul r,fer&nce to CaIJfornla.prmoP'as ofcooffic:ts
orlaw
:14. W.lfver. Na d~a)' or ~H$Sior> by 6.1,,1( Ie e:w.er~.s. "'rn~t ~ndQf tl"tis
As;r"ma,~I.sha.Jllmpa~r an)' ~ch rig~t, no!" S~1111 b'l oonstJut!dl.obe-a
warver lhereol. Now&Milr by&anic 01 any Jinglfl b,ead'. Of ~:;\j Ul'ldo:. ...
th<s I\grMmen18han be dee-med a wawe-rof ~c:.th&r breac~ of de~ult.
Ar'I)'wail'Gl"-! und9!" th;sA;veemenl m listbE' in ""nll119
35. Elt.ctl~. This Agr8!erMI'I1 shaJll'"tOt ~m9 I!'tlectiv« unUI ~ny
e~ed bOJ BanK at 0"401 ItS atf~s in Calilo<n,a
----;-=-=-;;;;;;-, ._-.-
N.~ _____ _
-io--;;; ... .,._.,---------
T,., ______ ._ ...... =.",;;~;;_, __ _
.,----
1'0<1,-"& ____ _
T,lle
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'm ,.-,. Bank of Arner .....
. SERVICE ADDENDUM FOR CONSUMER
AND CORPORATE ELECTRONIC PAYMENT SERVICES
\
"
(XH I
3.
•
This Service Addendum lS incorporated by this reference into the Electronic Payr.-:snt Services Agre-emeF'1! cfal-ed
_ __________________ , 19 _______ between the par1ies (I~e "Master Agn,/9ment") 10 wt'1ich it is at1achEd_ C.apltafized terms
used In this Service Addendum and not defined herejn nave the meanings assigned ~n the attached Master Agr~ment.
:Security Procttdu res: The Securit)' Procedures 10'vc rifying (he au~hentidty 01 E;'1try Data -:!elrvered in ~ he nama of Company
10 Bank are the Prlmarl Security prcclKlure: selected by Company ar d any Secondary $ec;u fity P [oced u re described below,
The Security ProceauresCi re nol USe<! to delect an .error in the trans mission or content of the Entry Data. Co mpany represenls
that it has detll!rmined that tM Security Procedu res are a salisfaciory method of veri fying the authenticity 0 f E ntrj Data fn .... iel'>
of Compan)l'S req'Jire ments.
Primary Security Procedu re: Cam pan,.' m ust sele<:1 one or mora of the secu r;ty procedures generally described below and
fn the Electronic P8)1J!1ent Ser\lices Fire Denvtlry Requi.ements 3S its Pr1mary Security Procedure. If Company selects more
than one security procedure, then ~e combination of secur;ty procedures represef"1ts Company's Primary Security Proce
dure for tM SeNic'=!. Refer to Electronic P3j1ment Services File Delll,lert ReQu,rer:1eMts for further information regarding
pcssibie combinations.
securtty Procedure DeSCription
1. Tape Pouch Security Procedure: Company delivers Entry Data to Bank on the schedul9c! date in a securely
sealed Bank supplied tape pouch with actual fire tolals for Compa.ny·s Entry Data wrihen on an elCternaltape labe!
Bank will call Company as an altematil,le control to any portion of Company's Security Procedure for Ine ServicP,t
2. Verify security Procedure: COmpany dials into Bank's Verily System, 'fdentifies Company's caller using Bank
suppr.ed haf'l'd held security device and 8; to<Jch tone phone, provides actual fi~e totals for Company's En:ry Daia,
and der. .... ers Entry Oata 10 Sank or. !(lP' schedufed date. Bank will call Company as an alternative contralto an,'
portion of Company's Security Procedure ror the Service.'
3. Extract Security Procedure: Bank eftals into Company's desigr.ated system on the sche<Juled dale and
Company's designated syslem dar.llers Enlry Oala 10 Bank u~n connection. BanI( will call Company as al"l
aUemative control to any portion of Company's Secur!ty Procedure for the Service.l
4. c.llback Security Procedure: Company dials into Baf"lk's designated !>ystem on the schedufed date, Upun
receipt of au10matic ca Ilb.::ckby Bank 'ssystem 10 Company'sdesi gnaled system, Company defil,lers Entr)' Data to
Bank. Bani< wifl carl Company as af"l artemeli .... e contra; 10 any pon,on Of Company's Securtty Pr(lce<1u~e fa~ t"e
Service:'
5. EncryptJon Security Procedure: Company delil,lers el"crypled Entry Data to Bank's designated system on the
scheduled date using a. Bank specified remote site rlnkencrypllCn device on the IJne. Bankwilt call Company as an
altemBtivecontroJ to any portion of Company's Security Procedure lor the $er\lice.1
6. DedIcated Line Security Procedure: Company deiivers Entry Data 10 Bank's designated system on the:
scheduled date using a dedicated lease line. Bank will call Company as an aN:ernatjl,llOi! control 10 any portlor, of
Company's Secu r'ty Procedure fo( the ~rvice.'
7. Rl!mole Entry CapturE' Security Procedure; Company dials in!.) designated number using a coniide:l:la:
identIfier ar;d del!vers required informalion for Entries usin~ .... oice, terminal, or touch tOile phone
8. Aeeess Conti"OI Security Pf"01::edu re: Company dials i nta the FTRS syslem USing conii de ntial ident: liars on ti'w
s.;::heduled' date. upon the FTRS syslem access and confidential identifier l,Iafidalions, Company's system dell'.
ers Entry Oata to Ban~ .. Sank will cat! Company as an alternatrve contrallo any portron of Company's SeCurJly
Procedu re for the Service.'
Secondilli", Security Procedure: 11 Company is unable to deliver Entry Data using Company's selected data :ransmission
fiJe delIVery type, Company may I.Jse an aIternative fUe denvery type as a bac'kup provided that, each time prior to deliliery
Company first nolifies Bank of the altemative Ii Ie deli¥ery type Cumpz.ny selected and obtai ns the Ban k 's agree ment. C::J m·
pany agrees that 101' any backup file delil,lery type Ccmpany selects, Company's Secondary Security Prcx:edure 10 verify the
authenticity of Entry Data wiH be the one specified In the Electronic Payment Services File De!ivery Requlremerlts a~ lhe
"Acquired" ~curity procedure i{)r the backup hie deJivery type Company selected. If Company selects Verify Security
Procedure as par! of Company's Primary Security Procedure, then the Secondary Securrty Procedure is the combination of
Verrty Security Procedure and the .' Req u ir&d" sec ur.ty procedure tor th e backup!i Ie derivery type.
-............ I.Ml~-.~ .... ,...a ..... ~ .. _-~"'""--'-
Service Addendum for ...... """"', :C::,_;o:::"::su~m::::e::r..:a::".::d:.Co:::::::.rpo!::::.ra:.t::e:.,ToIijIe:::-::.:ct:.::.ro::.:..:":.:i c:.P~a!.y:.:m:.:e:."::.I::S:.e:.rv::::i.:c.:e.:s_·"'/ _________ P-2 012
Selectio" of Services and Security Procedures
Bec1ronIc o.po.l\ hNice ito a. wrv'ce fuf \he :n(\,atiop 01 preauihclind
credit EntieS lo~mer.;' acccun!s for reciJI'nng paymenlS
EIectronk: ConS4l~ P.W'mtlnts is a SlJrvic. !orihe i!'1 iliati(yl of pre3 .. 1:r.o.-i.zed
~ EIlIries and the issoil.rlC8 oj Ghec ks drawn on consu me,s' accounts lor
recurring~ts,
EJecttoNe ~ Servlce:s a servlcs fo:-ti'le inftiat~n of credit and/or
debi1: E.rtl!iB&, and the iss4Janee 01 Checks to move lunds between Company'!'
SEfWICE
SELECTtON
SECU FUTY PR:OC£CU:1E
SElECnoN
Account and ~.mts owned or C'Ilntrolled by Company, X
EIectn:Jnk:'" ~iS a $eNice fO( lhe initialiOn of pt'~au1tlGrized
credrt and/or ~ entries and the issuance olChecks 10 move lunds I.e
or fmm IOCOOnts ofOlher companies X
Commencernenl Dale: Tr.e______ __ _ _______ Servic£(sj isl.re to commence en or about
_._;;;;._subjeC1!O $uccessfu! compleoon of any requlred impleme;-.tation test, ng
Chedor; boll: if~:
o This Service Addendum reP'aces the prlNiws SaMce Addendum (l,;Ue(I: ~ __ _ --------_.,,-
effect"" __________________________ , '9 __ _
~OOE.-------------------------------
Name: ___________ ~ .. _, .... ;;;_,----------
... ISC· ......... ' ~
BANK Of AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION
.~----
\Itl£ ________ ~, ....... ",_=,------.
By -----.: • ...,...,.,""""~=_=""="' ... =.r.~= ... ~.=."5 ~-i-----i
N.m, ______ -.~=--.... _", __ . ____ _
Dale SIgned: _______________ _ _____ _
\ ... ,
"-}, M /"I. I .
j 0:1 4.
<"""'iectronic Paymen1 Services
Autt .. ""rizcd Customer Contact list
tj
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Bank ot America
l~::~_'~ __ ~SSIGj'ED B\' CUSTr .... E.;i Ta FI,,-:£ MEADE"'.
[
I c'"'s;o .... ~n co,,~r.4CT I.;"'M( CuS"l'Qt.IE" C20NTAGT f'HONE
. Gordon B. Ford (415) 329-2416
'---'-
Pieasa prinl or type each Authorized Person's r13me, teJep>1one number, and hou~s ttl .. ! the author;led ~rSOr1 win be
availabJe al the phone number ir1 the ct1ar'" bciow. You [m.lst pro'w'ide ror 24 hours or coverage to minimize ant
proces$;r;g d'erays, and you must provide a minimum of rwo Authorized Persons far itl! hours you pla:n on pro ... iding
coverage. ?\ea:oa contact your Electfork Pajo'miOl"o1 Ser.'ices C~5~omet Ser"lce :Jtilcer If "ou t13~'e any qlJes'(lons.
Customer authorizes e3ch of the persons risted in Ihe dlCl:1. celQ'N a:s Aut~r)rlzed Fersons 10: (1) \,'er:l)/ ttle aUlhe.'lrCjty of
E,.try Data if' acc~ance with the Sec:.mty Procedures' (2) p[;:l,iide processing au!hC'riza~l~n, and any required in,lorJ"i811<Jn In
accordance wilt1 Barlk Entry Data Requirements for ACH procO!s::,ing limlt$; {3) ~ecelve notice of and resolve fl!e or re~ort
delivery problems; (4) receive notIce 01 and resolve ..... .armng or f"ta\ fIle condlflo:"'!s; and is) respond 10 other se .... rc:e related
ls3ues
This Authorized Customer Contact List supersedes any prior !rs! irom the Customer and Customer aut~orizes the dele Ibn 01
any persons nat indicated on the chart below as Awt!"lorj.:ed Persons-e.o;cept as provided berowo
If OJstomer uses il third part)o vendor to prepare, format, and or deri'ller lis Entry Data to the Bank, this Aulhoriled Customer
Contact list suppiements and does not supersede n°·e Auth,::mled Customer Conta,:t list trom CustOmer's vendor a'1d
Customer authorizes the persons iistad on (he chal1 Mio"", 11' addition to any ~rsons Irs led fJy Its ve~dor. to act as its
Authorized Pc ~:w.-,s;.
AUTHORIZED PERSONS ~FRjNT~O_R_r~,:L ••••••••••••••••••••• I111 •••• ~
~UTHORlZED PERSON'S N"ME PHONE NUMBER WO\.J"AS f----------. -t'---iiii-.l.-,3P;Z"09 -...,Z;;;4"16~-i---
GordonJL.~F~or~d~ ______________________ __ ____ . _+-,-..llC"-L-"48",9<.::-",31,,7.£8_ 24
Em; 1y Harr.:.i::.sc::."::.... ____________ _ __,-,--,-_,-,3..;;Z-,-9_-7_5-,3..:3_, 8a."'....: .. ~~
Kevin Rip~.~r ______________________ __ _ ___ p..="-..L."-3"Z9'-'-Z2~. 8am -5 m
c--------------ie------
I
I SlGNATURES [
This form ;s submined and executed by Customer's duly autl"1l)rlZ'ed officer.
CUSTOMER NAME:
BY.
NAtIll'E:
TITLE: ___ _
FOR8ANK USE ONlY]
DATE RECEIV_ED_: _____________ 1 DATE PROCESSED·
RETURN T.,j$ FORM TO' PAVMUoT Pl=I:OOUCT C~EDI r "IS'-:: CONTROL, BANK OF AME'::;ICA f\jT & SA,
." DEPAS!;T~"ENT .14856, 1.aS.0-C;lO.iEWAV BOUU:VAAD, CONCORD, CA !!4!)20
;, 1
m Bank of America
CUSTOMER INFORMATION (~RiNT O_~_rYPEJ
CL.'STOM€fl NAME.
City of Palo Alto
CWSTOMER~
PO Box 10250
Palo Alto C~ .4303
CU~TmlE.Fl CONTACT NAM'E
Gordon
CUSTCl.l~~ CQ,.trA::r PHOt'E:
•
5.
~c1ronic Payment Services
. Limits Application Form
B. Ford
141'.1 "U4j~
Indicate your selected TlansaGtion L..mit~ and Jr'I,Out Um~'is lor your Co~paI1Y ldentlficatJon Number,s). Rpre~ (0 the Umifs
Guide for the Tr3nsac~on limits and Input Umi!5 descriptiMs and directlons to complete th'9 chart tlefow. You agr~a not to
send i.r1y Entry Data to Sank w'hi.::h eJfceeos the apprlcabl'9Transac'io!'1 Llrni~ or input limit. it :iou 0'0 no~ se!e;:t an')! limi\s,
your TrClIlsaction Lim1t.s and ~put Umils wm be the maximum ~mj!s provided to you b)' the BMk.Th:~se Ifmit£ ,fIr1! not (1)
securit)' pr~edures to: verity the aLlthentIcrcy or Entry Data di!l~vered In Customer's namE' cr to detect errors In the
denvery or content ot any Entl)' Data or (2) CO I1'lmitn'lerHs 10 Elrtend credit 10 Customer,
The limits yo;J select are su.bject to Bank re· .. iew and confirm.alrQ'1 and (flay 1"\01 e)("c€ed the maximum ITmils estab~s!led by
the Bank for.each 01 your Company Klenl,flcatian N".~er(s). Your selected I1mi!s are eftective on the date indicated on
the Banlot's confirmation.
Upon beccmrng effective. yo!.." selected Transaction Limils .and Inpul Limits Will replace Ihe m2'(imum Lmit5 provided to
you by t!";e 8ank or any previous Transadon Limits .and ~pu! Limi!s rO( !~e specified CofYl,pOlnylder1tifica!;cn Number. To
av~'d any processing delays or Bank rejectfon of your Enlr)' Oa12, yo!...' must not send any Entry Data that
exceeds these nmlts.
Bank may lower or raise the Transaction Limits ar1Cllnput Umi:s at arry tjrr.e upon notice to ,you. Customer may amend the
~r"fIt!S in writing, su~ect 10 Bank's fe-view and conJirmallen. b)' subr.-'Ittlng a ne-w Limits AppTlcatlol'1 Fo(m.
-
LIMITS {attach extra 'pages if addrtional $pace i~ reqt.:ire~)
COMPANY lOENTlRCATION OESI1 DEe I! CREOIT CP.EO~T
NUMBEP. TRANSACTION LlMI T INPUT '.lMIT TRANS.~CiION LIMIT INPUT lIMli
----.~
I I I I I I --' I I S .00 S .00 S .00 5 ._-'-
I I I I I I I I I $ .0c s .00 s .00 5 .00 -
.001
--
I I 1 I 1 I I I I S ~r .00 5 S .00 ----
I I : : : : : : I s .00j S .co S .00 5 .00 -_.
001 LL.L1 s S .00 s .oa~ .oc 5 -
Check if appropriate: [J number 01 additionai pages; ar..ar:l"led: ______ _
I SIGNAT:':'U;R::ES~! 1I!II~ ••• "I11!1 •••••••••••••••••••••••
This form is submi!;ted and execut&d by Customer's d'Jr", authorized offi::er.
CUSTOMER Ni'.ME:
BY:
NAME:
T~TLE' DATE SIGNED
m Bank of America
Funds Transfer Agre'3ment (fTA) Summary
FOR BANK us:: ONLY
Erfec:rve Dale ___ ~ _~ ______ _
C New fTA
City of Pa 10 Al t;.-....
euE~r'5. ... u.E
Commercial Banking DI .... lsion Onl)'
o Re;J~IIJ\le Call~d.-r'on.9,,!.,;ess-~'W,OOJ o:nd cvru
o Fle~e:'t.~e Callcack-Sus.il',ess--Sl,o,.)Q,OOO and C\ler
WTHORIIEO PERSONSJDESIGNArEO CALLERS
,--
I
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NAMfS ,0,:0 Pl'10NE
-------
Gordo" B. Ford ---H15U19 0?41S -------~
Em; iy Harrison -------------I (415) 329:J533
Kevin Riper (4 J 5 \ 329·2108
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----f -
~---~--
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I I -------~--I I -------, -----
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ACCOl)NT NUI.ABER ReSTRICTIONS
ClOLLAR WoIIIT REsn::iIC'l'IONS (per lr.Inuc=~,.:,,~,:,::=====:=======:... _______________________ ~ ___ _
OATES OF APPL.K;ABLf FOR~5:
----------u;;r .--.----
-----
"':,)~ ... ~-o .
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The following ;nstrud~ons should be used to complel~ the ..--rA Summary.
1. ellEr-IT'S NAME
Type or print the clienfs name.
~. COMMERCIAL BANKING OIVI.SiO~ ONLY
For Commercial 8al1kil19 ('oi\'l~ion Units only. mark an 'X' in Ihe arpropriale box (based or. whether
the client 15. a bLisiness or (IOtt-business enti'y) 1o i;'\dicdte-U-,e applicable cal\ba<:.k tirr,it on oesigr,3ted
bel'\eficiaries. If no 00;( is irdica::ed c3.llb.acj(s will be p€,formed a1 the Aetai! Sank Ijmil
3. EFFECnVE DATE OF SUMMARY
Enter the dale thai t~e summ",y was updated. 11 i1,b is a clier:t's 1irSI FTA. ~l"iler the d~'e lt1e summar:t
was compJeted and mar~ the box Indica ling this is a new FTA.
4. AUTHORIZED PERSONSIDESIGNATEQ CALLERS
Enter the corrrple'e names, end tom:ct tetephone r;umbefs oj ali AUTHORIZED PERSONS anc
DESiGNATED CALLERS. tnoicale "A" fa; Aulhoriz'e!d Pe~sons and "0" for Designated Calis-rs
5. ACCOUNT NUMBER RESlRlCTIONS
list account numbers which may be debited for 1ur,ds transfers irem res~rictlo(',s as designa!et:i in tr., MIS(;.3134.
6. COLLAR LIMIT RESTRICTIONS
Enter a.ny doflar limil specified' \n the'MISC·31'J4. \.f no 1imi1 is indicated by 'hI? chent ~n!e! "NONE."
7. CORPORATE RESOLUTIONfCERTJFtCATE OF PAATNEASHIPiOTHER AUTHORIZATION
Enler the date of the latest MlSC-3133. MISC-3204, or olher au!t\OrizatiOl1 an file
a FUNDS TRANSFER AGREEMENT
Enter tM date or the latest MISC-3134 on Ide
g. ACCOUNT OFFICER
Print or type the name and title of the accounl officer.
10. ACCOUNT OFFlCER SIGNATURE
The account officer must sign as accepting fne responsrbi11ty fo( tl1is service and 10 insure thal the
bank is protected from unjusMied or "Unacceplabfe tis).;.
". ACCOUNT OFFICER UNIT NAME
?!int or type the unit name 8,.,d un·lt number 01 n·,e accoum ofrlcer
12. ACCOUNT OFFICER P"ONE
ErTler the telephone number oj the accOl..m! oflicer.
13. CUENT'S MAIL! NG A.DO Fl E"S S
Complete mailmg address for Ihe clienl.
14. CLIENT PHONE
Enter tile lelepMoM number or th€ cHenL
15 REVIEWED BY
The officer Of ather senior employee wllo re"'lew:; the form lor accuraCy and asSLres tha: correct
docunlenlalkm has been OClarned is 10 sign a:.; e ... irjence of re-view This persoi"l must helve an ft.ulhorizatlon
Card (MISC-4020) 011 tiJ~ at lhe apprDpri~!e processing center
16. COPIES SENT TO
Copies of the MISC·320S and tM Ils~rng c! b<;:r.eIJciaries are ~o be forwB.rd-ed 10 tne ap~lr':lprlate
processing c.en~e( (e.g .. Money Tr<lnsfer Ser .... I~.'J5;1 I .... dicz.!e IMe U'll! r,umbe~s to ·o'"Ihom ttl!O' lorm is forv.'",r,jed
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~ 7. =.:...;=:..::~.:..::.~:...;;..;;.,.. __ ...;;~;;;./ ___________ ' :!ract for Deposit of Moneys
THIS CONTRACT, relating 10 tha Gaposit Jf money'S. is maae as of t~e ___ ----..:ib1_ day
Ci ty ;:>f P!.l':l Alto _____ _
FH'E Ell-LION THREE HUNt~W SIXn ONE
SAVINGS ASSOCIATION ("Bank,"). navirl9 a sharf;!nold'er's equfty of HIl t ION AljC-.O.Q.Ll.Q.Q_J:'_O~ __ _
(5 361.0QO QOQ.QQL ____ on~J __ L ____ 1g.~.
The Treasurer Pf"OPOSiI!IS to depo6it in the Bank !rom trmela time, moneys in ht!i custody in an aggregate
amount on deposit at any OM tim6 not to exceed thtI total shareholder's EKlUrty of the Sank. and said moneys w,11 bE
\1&posited S)"lbjeCt to TrUe $, t);'o'ision 2, Part 1. Chapt.r 4, Artide Z {commencing wtth Seetlon S3630j of the
Government Cod! of ltIe State of Call'ornie':.
TIle Government Code requires the Trusurer to ilInter into a contract witt'. [TIe Sank s&ttmg forth thil
conditiOns U'pon wf'Uch said moneys are deposited.
In the judgment of tne Treasurer, this COf'1tract is to the public advantage.
The parties agree as loI!ow$.:
1. nus wntract carn::e\s and SUPQr$&a9'llny pre~iolJs contracts b4!tween the ireasurer and the Sat'll<
,.elati~ to tt1e method of CClOateraflzation of Oeposrtor·s deposits.
'2, This contract, but not depos.its then held hereunder, is subject to te-rmination by me Treasurer or the
Bank It any time upon 30 d.~' written notK:a. Deposits may be withdrawn in accordance with She agree:T1ent Cif lt1e
parbes and appIlC8.bie federal and state statutas, rules and regulations. This contract 1$ subject to mOdlficatlon or
termination upon lnactment of any statute, rule, or regulation, stale Of federal, whi-ch. in the opiniOrl of the
Administrator 0' Local ~ Se<;urity of the Stale 01 Camomia, Is inconsistent herewith, including any Change
relatNe 10 the payl'Mnt of tnllrest Llpen moneys so deposit&d by ttli Treasurer. The Treasurer may withdraw
DeposiW's ~posits from the Bal\k immediately upon receiving I'\Otice from the A.dministrator that tne Bank has
failed 10 pay assessments, fines 0( penalties .usnsed by the Ad m inistfatof'. The Treasurer may immediately upon
receiving notice from the Administrator withdraw luthorization fOf the placement of HCUrities wtth the Agent of tne
Bante in Ihe event:hat tIV Agent of the Bank lails to pay fines or p6nafties asseS-Hd by the AdrrunistTalor.
3. \nt.,.st shan a~ on any moneys 10 ~POsi1:ed as permitted b)I any act ot the Congress of t"tle United
Stales?r by lI1y rule or regulation of any dIBjJ8rtn1«1nl Of agency of the Fede~al Govemment If interest may !ega!ly be
paid on the accourrtlnto wt1ich the moneys are deposited, then all moneys depoSited shajl bear interest at i raie
agreed upon t>y the Traasl;rlr and the Bank. but not ~ss tha" v2 of 1 % per annum on tne al/erage dail)' bararce of
!llch mor.eys kept on capoS:it with the Bank •
... The Bank shan tslUlB to 1h8 Treasurer for each inacth'e deposit a receipt on a form agreed to by the
Sank and' the rfltasuret', stating thf interest to be paid, 11 any. the duration of the caposit. the freq uency of If"lteresl
payments, If ar'ly.lnd I!M terms of withdrawal. Eacn such dlS:posit receipt IS oy reference made a pan 01 thiS comract.
S. The Ban« win maintain.t all times wittI me Agent oftt'te Bank as s&Cunty , ..... r DeposilOf'S depos=ts: (a)
&figibie securibeS of the ci8sses C2elcribecl in Goyltmmenl Code SBction 53651 {a)(capt subdivisions {m) and (p»)
having a ma.nce~ value at least 10% in ... ~ss of tM lotal amount of deposits secured by tnose securities, (b) eligible
seculitiEls of the class desenbed In subdivision (m) 01 GovammeM Code S&ct1on 53651 t1aving a market '1;elue at i.gast
SO % in excess 0' the total amOlJnt of dlpQa.its sea.rld by those securitles ano Ie) eligible securitles of me class
described in so;CdiYiSiQr. (P) 0' Go~rment Cooa Sectloo 53651 haying a ma(ket value at least 5'% in excess of tne
totaJ amount ot deposits secured by tho$8 securities. If the AdminiS1ra!Or 01 Local Agency Seeunty of the State of
CaJilorrua dEt1ltfmines Ihat a security is not qualified to secure public deposits. tne 8snk WIll substitute other
securities to comply with the requirements of thi$ Pil1'agraph.
6. Eligible securitif" are those listed in Government Code Section 5365'.
7. The Treasurer herebywai¥es securrty for mat portion of me lotal amount on deposrt which is insured
pursuant to F.alallaw.
-,..,
-_ ......... , ... ~.:.: •. ""''' .... _ ... _" "c .• ~·"-
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8, Tha AgEII~toflhe Bank. which tn06 Treasurer and tM Sa.nk I'1ereoy autMnze to Mid the ell:}lo:a
SIIJCLlritfEl6 posted as col!.atsfal undart"ls contract, 15 Ina TRUST OEP .... RTMENTo' BANK OF AMERIC,l NAfIONAL.
TRUST AHC SAVINGS ASSOCI" TI<)IIt. T~e Agent 01 f'e Bank has filed With tM Admlnrstrator of L"ca! Agenc~
secunty 0' !hil Statl!' or ClHrornia an agrHf11$nt to compry i~ all rospects wilt! an prO .... isro"'i! of the Local Agency
Deposit Security Law and LIXal Agency Oaposrt SecUrity Reguja110ns of !"e Government Code o~ the State 0'
Callfomi3. A copy 01 tf11!1 89 rHment is attacl"leC' herflto.
9. A\Jti'10rity ~or pl.acement of SltCl.lrities for sa.fekeeping in accorda nee with Government Code SeCtion
53659-is r,ereby granted to the ,t.ger'\t 01 ttl, Bank, inC\\.I-d'lng olacement Witt) a~., Federa.l Re$eNe Sar.K.$ or Or'!r,cl"le$
thereof,
1 O. If tne Bank. fa~5 to pay all or part of any moneys on depoSIt of the OeposrtOl' w!"liCr"l are subJec! to Ihl$
contract when ordered 10 ~ so in accordance WTtt1 ~e terms of withdrawal set fcrtt'l on I:he deposit rltCeipl (wl'1~cn IS
by reference made I part nareof), tt'\e neuurer will Immediatety notify, irl writing, tne Administratof 0' L.ocal Agency
Security of the State of Caiifornia, "eben or tt.e Administrator in converting tne colleMira I required by Flaragr aph 5
abOve fer the benefit of Che Ospositor is golfamed by Golfemment Cod, Section 53665.
11. The Bank may add, substiM, or wttncIraw er~ible HCurite$ being used as securIty for ~it-s. maoe
harNnder in accordance with Go'r'ernmenl Code section 53654. provided the requirem.~ts Of Paragraph 5 above
are met me Sank shall not interct'lange cIas:.es of securit:y (as defined in Governmellt Code Seeton S.J532,S) WithOut
tl'Ie priOf' writtl!ln approval of the Treasurer,
12. The 'Ban"'-shai\ "a)'8 and hereby l'esePils the riQ"t 10 cor.eet the interest on tt'.e securities except 'fn
cases wherf the securities are rfable Ie ule or ar, sold or corwened in accordance witt! the prolfiS-ion of Govem ment code _ 53665.
13. The SsM will par all.xpenses inc\,Irred jn transpornng: eligible S&C1Jritie& maintained as collateral 'or
moneys Of! depOSit to aM from tne Agent or the Bank. The Oeposttor win vay (Of PfOf'nptl)' reimburse the Bank for or
ottMtrwisa compensate 1t1e Bank for) II'IIXp80H$ incurred in transporting art moneys deposited wtth tne Bank 10 and:
from the Treasurer', ot:lC8. The Depositor will pay the Bank (or ottt.rwise compensate for Bank for) fhe !ees and
charges stated In the Bank's then CUtTlnt Schedule 01 Ct-.ar;es (unless tt.I a.nl!; end the Treasurer othel"W'ise agree}
tOl' handling. COieeting and paying aJ1 checks. draft5 and other@llCd':angeorsecurities according te the Bank"s norma:
practices. .
14. ThiS contract. the ~I hereto. and' an deposits Plmod by this C(,hiVlct shall be 5UbfeCt in all
raspectll to rOle 5, OMsiOn 2, Part 1, Cll4pter 4, Artide 2 (commencing witt1 Section 53630) of 1M Govemmen, COde
of the State of Caltfom4a, and of an other state and federal raws, ,taMes: rules and rwqulations epplicabfe 10 suer,
depo&t.s. whether now in force Of hereafter enacted or promulgated • .an of wtlicl'l are by this reference made a pan:
hereof.
IN WITNESS WHEREOF. the Trsasurer I;") hiS official capacrty hn sigoed tt::~ contract in quadn..ipilcate
and the Sank has caused 1tIi1 contract to be ex&CUted if'Ilike number by it! duly authonzed officer.
TREASURfF. OF; aANK:
City of Pale A1to .ANI( Of AM_RICA
IlATlOMAL TIIUST AND S"'''INaS .... OCI .. TlON
BY __
ATTACHMENT
•
•
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"'
m Bank of America
Cash Vault
Service Agreemen!
This Agreement is between the cu stomer signing belcw ("Custo mer") a nd Sank of Amcrlca Nationai Trust anc Savings
Associalion re.:mk"). Customer desHes 10 use certa"., cash vault ~erVices oj Bank and Bank c!eSJres.:o pro\lide those services
to C\Jsto~r, Now, (here!or~, Customer aI'1d Bank !!gree as to! lows
, SaM shaf1 provioo cash \/auM servf.CeS (~SelVices·)
to Customer. as described in Ball;" 's s\ant:.ard p\.lb:lcatic~s
relating to SlJch seIVi~::;., which shall be denve"~o' b)l 8a1'1 k
to Customer. as such arr angemt:lnlS shall exist frOm time
to time
2. Customer shall follow proredl.lr9S fOf preparation,
packaging, s..~ .:lelrver,rof depOsfts as described ir. Sank"s
sta."'Idard pubncations.
3. Deposits which are recei ... ed by Bank in, sealed
bags or packages, acceptable to Ba.nk, for c:redl,l 10 !he
accour.t of the Customer are subiect to verification and
actua! check and coun! of the contents by 6arJ~, 0e1aJ1ed
counting ot cash deposits shan be subjec1 to deferred
vertficatfor. as descnbed in s!andard SanIC pub\'rcat'~ns,
Otscrepancies found during de!a~ veliftcation of cosh, in
excess of Bank's stal"ldard amount, wi!1 be charged or
credited to Customer's account
of. Customer authorizes Bank :0 act upon re~ues! for
COin or cu:rency made in accordance wfttl prOCedu;~s
defined in stand'ard Bank publicaMns Customer Fha.11
identify each store 1oca'tiOn aUlhcri2ed to p~ace COi" and
currency orders with Bank. Bank ShEn not be responsible
for Ihe authenticity of all)' insirudions, or be in any way
Rabre for any ur.authorized instructions 0( for giving effect
thereto, whether or not the person giving the instruC1l005 is
a1J'thonzed by Customer. Neither Bank Mr any 01 its
employees Of agents shaN incur any flability 'o4'ith reSpec1lO
any action taken m refran;:e upon any coin an-d C\l~ency
order Instructions beiieved to be autnentic
5. Bank Is aulhOrized 10 debil a specffied aCCOun! or
CUstomer maintained by Sank in o:;;nnection with any casn
derrvered in accordance with these anangemenls, on 1M
day the change order funds iJ'e <:Ie\; .... ered 10 CU510mei's
dElsignated ag~"t. Customer shall maintarr"l sufficient
CITY Of PAlO~ "2!Al;fT",O __
='*"
~----.. ----
----cO'"
coilected 'unds on depoSit Wltl'l Ban~ 10 COVfH amount ot
cash rtlquisiti{):"Is o{ Custort<er. Bar.~ shall hal/e no
obrigalkm 10 release a change order unless there are
sufficient coi'ected funds in the appropriate deSignated
account to pay fDr sucn change orders at the time
s:;heduled for derivey 0' f!Jnds 10 Custorner·s agent.
6. Customer shall CCi!:lr3cl separately v/llh an
armcred car service. acceptable to Ban"., lor !he purpose
01 pfo .... iding tor the transportation of cash orders and
deposits in cor.nection witf'l the amlngemer"lts referred to in
lh is Ag reeme nt. Armo red' ca mers are ager;ls of Customer,
7. Customer shali pay Bank in consideration for
services agr~ on at the stanc12.rd P'ltlliShed 'ee schedule
relating to such services used wt1ict1 may cnange from
Ume to time, or as otherwise agreed 10 in wriU"r"I'9 between
Customer ar,d 63nk.
8. Erther Customer or Bank may lerminate tl'1e5e
arrangements a.t any Ume by giving written nOilce thereof
to the cther of alleast five busiL'1ess days in ad .... ance_ Such
written notices are 10 be senllo:
Bank of America
Customer Servjce Manager ~ Statewide
Check and Cu~ency Services #3028
1455 Markel Street
San FranciSCO, CA 94 r 03
9 Bank'~ liabililY shall be ~imlted 10 a total ot Si!
related service charges for the pre\lious three months
Sar,r. will not be fesponslble for any (rldlrect Or
consequentiaJ damages
10. Customer and Sank will se~le any contro\lersy
concermng this Agreement by arbitration il"'! San
Fra."lcisr;o, California, foilowing Ihe Commercial
Arbitration R~les of tile American Arbilration Associat'IDn.
Bank of America NT &SA
Co.r-, --------
~-~ ... ' ....... IIiil.tlllllllll •• '1l1i11ir ... ' ... -"". __ •
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Addendum In Cash Vawt all",,<ment betwe.n S.nk of A",,,rica and the
City of Palo Alto
For cash discrepancies between $HWO .-5100.00, the cash vault will f~x
adjustments to the Cily of Palo Alto each !light. For differences of over
$100.00 a telephone call 10 the City wlli be made the next moming.
m Sa,. of America
Bank of America National Trusi and Savings
AssociatiOn ('"Sank-) and C1Jstomef {"Cwstomer") signing
~ 4g1'N Bani( wi!! accept cash Vault deposits for
cred"rt to QCC:Ount Of Cumomet' conditional on dtttail counl ()f
currency and Wn depo$Jtea
Customer acknow'edges Bank policy to at~rb
cash 00p0sft discrepancieS, \Jp to and including tne Bank
standard amount, found during detail 'oIerification and
achJaJ dleck and count of the currency and coin declared
to be includad in the deposit Tl"le amour.1 of cash
discrepancies, debits andJor credtis, the Bank will absorb
is described in standard vault pubiications retating 10 Cast;
Vault services which shall be delivered by Bank to
Customer.
Discfepancie$ {errors) found by BaI1l< during the
detaJl count 0( cash cootained in Customer's deposits <ue
{;OrTected by U$Et of an adjustmenl advice to post the c'eb't
CITY uF PALO ALTO
.......... 'TJIl..f:
EXH A Cash Vault ,,---9.
Deposh-.<djustment Agreement
Cash Deposit Corrections
or 'Credi~ adfus!me~t I.:> Cuslomer's account All cash
dlscrepancles found" in Customer's depos~ greater than
the standard a.mount wtl! be debiled or crE'dited to the
account numbe~ renected or; the deposit siip. Customer
acitno""ledges Ba'ik service charges are applicable 'or all
cash acjustmer:ts posted 10 Customer's dePt,.'Sit accouflt.
Either Customer or Bank may terminale these
arrangements at any time by gr./ing writtef'1 notice ihereot
\0 the o'\her of at least fi .... e business days in ad\lance. Such
written not:ces are to be sent to:
BanI<; of Ame~ca
Customer $ervfce Manager· Statewide
Check and CUrTertey Services #3028
1455 Marlc:et Street
San Francisco, CA 94103
Customer undelslands and agrees 10 be OOL..:nd by
the terms and condilions slated' abo .... e.
Bank of America NT&SA
~~-r-----~HlL[~N ~'".::::;-,~ ~"'~«> ~j-
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ACCOUNT RECONCILEMENT SERVICES
AGREEMENT
Thl!i Accotml ReconciJcmeni Services Agreemrnt (the .. Ag.reemcnt~), belween.
City of Falo Al to
and BANK OF AMElUCA NAnoNAL nuS":' AND SAV[NGS A..<;SOCIAT1O!" ("B. .... "'lK·'). is made as or
________ --=9:'../"'01"-_. 199_2_.
CUSTOMER desires to obtain one or more of the
fono1lo'ing fCI:.'lXlCi1eil1CT11 ~rvices in connection with
i:s u..se of one or more demand deposit accounts it
mainuins lIoilh BANK: putia1 account reconcil~ment;
ful! ace-OUIll ret:oncilemcrll: depos!t reconcilement;
and et~ reconc:kmcnt
CUSTOMER and BANK agree .I.! follow~:
1. THE SD:VZCES
(a) Subject 10 the ~nru. &Ild conditions of
this Agreement, including all appendices and
attachmeflts herelo, BANK agrees to provide
CUSTO"'ER the reconcile-menl s,:.fvices and any re
lated S<J"\Iices (conecti\'el,)'. the "~rvice,;.") spc.:ified
in the AccOlInt and Servic,. Identificatior. Ap~ndl.~.
(b) Each Servkc Dc.scriptioll Appl'ndiX
describes. type of re<:oncilerr,ent service or relate"
sen/icc. Each Account and Service Identiflntion
Appendilt lisa for a demand deposil accoum
C"At:collnC"J Ule Services :0 be provided.
(..:) Eimer BANK or CUSTOMER ml)' dis
cO"lil1u~ all)' pattiC\l!.ar .scr,.jce. a1tag~ier or onJ)' for
certain Accounls. on thirt), (30) days' prior IHttlen
m
notice to (he otMr. BA.."'lK aDd CUSTOMER rna)' a.gTef! to
add a Servia: for on: or rr.ore Acc.Qun ... or ti.' modif) (he
~I«.-tion of optional features for I Suvice effective-at a
mlltua11y accepw>le time. Suc:h agreement must be in
writing. including <.n ~ .and Service Iden!i.~on
D1ar.ge Appe!-.dix s.igned and dared by both partie&
(d) NC!lwjth~Wldlng [t,e foregoing. SANK
may. from time [\J time, modif} ;an,)' of lhe Services.
UpOD thirty (30) days' prior written n..Jtice to
CUSTOMER..
2. TER.\!
SeN ices :>han commence on or aOOll!
9/01 ___ . 199-3_.
Sllbjeci 10 termination of one or more Sen,ice:!;
pun.uanl to $er:Lion l{c). me Ser".'ices lihaIl cWltinue
unlil this Agleement is lenninated by either party
upon Ihirty (0) aa)'s~ prior wriUerl nolice to tl1e
other. Termination of a Se ..... ke or of this Ag~emelll
.hall flot affect the right. iUld obligations of lhe par
tie:'. ans.ing under Ihi:> A,greemem prior 10 (he effec
tive lerminalion date".
Benk of America
C II';I .B_A.":M:T",-< ':"'11'"""""'
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.1 Fli
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10.
o
Accour-.r R!;'CONCILE"'-'IENT SE.,",vIGES AGRE,ME"'T
J. PRICE ~'D FA y:\tENT
CllSTOMER ~3.n ~)' BA,," s: on a monrn ly
basis the C'harges indicated 0.0 chI! schedllle of
charges aJlached 10 [his ;..,.,cemenl; pro~'ided,
howe~'cr, that B.'\_'~Hr' may chan~ it~ charges for any
or all of the Services upon thirt} (30) days' prior
.... ritten notice to CUSTOMER. Each mOnlh.
CUSTOMER will pay t~ C::Mrgt:S determined throogh
8AN>", aC::(;OUOI .analysis procedures, Ul'lle'J
CUSTOMER arrlillgcs lnol!1er payment procedure
.cc::epI3ble 10 BA}l"K. Upon tenn!natiol1 of one or
more particular Services or of this Agl'ttmcn! a:s I
whole, CUSTOMER shall pay BANK. on or prior 10
tht: rermlnation date, for tMse Services which wrtC
~nde~d but not paid (or prior to the term~n,:lIion
date and wruch m teOllinaled on sud, dale.
4. UMJTATIO" or LIA.BILITY
(a} BA"JX. shall not ~ responsible for the
con~uences elf C1T'OI'i in infonn.alion or lnstruCli0l15
providtd by CUSTOMER 10 BA.~K..
(b) Except to the ~x.lent applicable la~
teqUires ~ise, BANK', liability to CUSTOMER,
if any: (I) shall be Iimi~ to actual damagu ~sultiJlg
sol~!l' difl:clly .nd proximalely from :E!A~K'.s
~egli.gence in perl'crming or falling to ?¢rfOTTTl the
Services; (ti) shall be limited solely 10 geru:T.lJ mOllIe)'
damali!es in an !l.mount not to elleeed the tot,,!
compensation paid by CUSTOMER. for the Sen i C",('s
~OI' the 'three cons.ec1Jti ... e, bi1l.\ng periOOs endin~ with
a bi Ilrng perloo in wfl ich occurred the firs! e ~'c::'nl on
which llabLtiT)' is claimed; and (iii) shall in no e'en!
indud.:-any sp~cial, indirect, con~.equentl3l or
exemplary damages. im-lt.lding, but not limited :0,
lost profiu.
(c) BANK shall have no liabilit:-or
t'eSpOruibiti.ty for an)' f;ul"'fe to <::aIT!f O\I~. or fef my
deby in carrying out. l1-'ly oi its obligations l1c-rl:'under
if .such fiUlw-c .-x-dela)' resulls from BANK's ac!il'lg jn
accordance v.'iLh appli"ilblc l"'IlI'5 or regul'lIion) or
from a'l~ of Goe!, labor difficulties, po\,\u or
telecommunicaT:lIrl£ failure, or malf.J.rlCIIOn or
adver.e weather conditiOfI~. or from an)' Olh\'r rJU~~
beyond SANK '.I rea~ol\J.bk vmlroL
-2 -
5, lND~M~";InC.uIO~
CUSTO:MER sball indemnify and hold
9A",l( harmle\~ from and agiJ.im.t any and all .. C'tiorls,
daims, demarld~, lO$se~, llabiilliei, d"mago:'!o, CO\(~
.and el.penses whal5O'!"'er (including blll not It.,,ilt:d'
to attorneys' fees, expenses of l'ligation and
allocated cosls for in·house legal services) arisir.g
0101 of or relal1r,g to:
(;a) any inform,ui"n or dau provlQ:l:'d by
CLTSTOMER,
(b) an}' claim frJal B,~;':: i~ rc'poJnsible for
L'ly act or omis.sion of CUSTOMER or ils officer:;,
empJoY~i Cor 3.gen l5, or of all}' other per..on who is
1'101 authorized to ~ct or I:. not 8<ctirlg on bellalf of
SA1"lK; and
(c) any odler ciaims, dis-putes or actions by
third panies concerning CUSTOMER's use of the
Sen'ices or BA.NK's 1ICIS or omissions in pw..-iding
the Servi(.--c:s, except tl:lis dause does 1lC1 appl)' to the
gross negligence or inlemional misconduct of .B AN ",-,
" MISCELLASEOlJS
(a) This Agreement shail n01 be Ikemed to
change lhe right. and obligations of the panies
nert-to under any ace-ount maintenance-agn::ernent
(such a~ BANK's penirlenl .FA.CTS booldt'1) between
.BA.. .... K 3.J1d CUSTO~!ER. The Serw'ices do nDt affect
an>' obtig!ltion of CUSTOMER 10 di~::llver and n:port
unauthori.zed signatures, urta'lll1orized allentions or
\In~\IiliOliud ~ndorsements on ch(t'~ OUW11 or. 'Ml)'
oi me Accounls, B,4.NX-s du!ie~ with re~pect (0 ,h~
A,-couIltS and' tll~ payment of checks ~hall not be
in.:reased by reaso!'l of Ihe Str ... icl':s or flA.'·"X"s
re<:'eipt of Infonnallon incidemallhertto,
(b} CL'STOM[R shall nol a.s~i~I1 any cf its
rights or deiegale any of its obli,galion_~ ur.d~r this
,!..g ... c-.c-.meol in ",'bole or in pan \l;ithollt 'the
prior written consenl of BA. .... K.
(c') y..,-wher CUSTOMER nor BANK s;,aU
U~ thl:' oille( p.l.l1) 's name or refer to the otl1er pany,
directiy Oi' indire.:tl.,., 1:1 any ad_ertisl:'menL news.
release or other release to an}' pub:~cali(m .... lthout
recen'mg the olher p .. ny·, specific prior ... rinen
appro\'a\ for ea<:h mch O,l.s.e. or r..:leasoe. Thi" pafugr .. ph
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Ac:; 0 u r. l' R II:. CON':: I L E ME,,, T S;:: R IJ' C E SAG R E E "" E N T
shall not llrnit eith~r party's ability 10 sarisfy any
govemme:ltally or judicially ~uin:-c! d'iscbsurt,
(d) Notlling contained l1erein .5l-all be
deemed to relieve CUSTOM.E.R of .allY duty which
may be l;l1posed on CLlSTOMER by Slate or federal
14 .... ' to m3inlain records regarding CUSTOME.R's
bus[De5$ or employees.
(c) Heading~ ate us-cd for t~ference
p~s "nly and shell DOt be deemed II pan of this
Agteement
{f) In me e ... cm that a..,)' provi.io~ of this
Agreemen: or the applicalion of .any such provision
to aroy penon or set of circumst.al1cc.s shall be
determined TO be invalid, unlll ..... ful, ... 'cid or
unenforceable t{' any extent, 1M rem:! inder of this
Agrt'ement, and the application of sl1Ch pro",ision to
persons or circumstllr.c(.s other lhJn these u 10
which it is determined to be ir;vari<l'. unlawful, .... oid
or unenforc:eable, iha1! not bo: impaired or otherwi~
affected and shall continue to be .. 'alid 811d
enfonxable to w fullest extelll permim-d by law.
(g) ~ u:5oed herein. il "business (lay" is any
d::y BANK is open for gell(ral balil:.ing scT"lices otller
man a SalurdAy. Sunday or horid~)' on wlltch 8A..':l\
is autllon ~d to be dcsed.
(h) This Agreem~nl sh311 be intrrpreted In
accordance "OI1!h CIl.\ifomia la .... ' without reference 10
California prinripies-of conflicts of law.
(il This Agreement sup.=-:-sede-$ any ;:>rioi
aJre~ment(~) betwC(:n CUSTOMER and B~K with
respect 10 Ihe 1ubjec~ maILer hereof, Except as
olfler,r,'ise expressly provided herein, in the e,'enl of
.any cOrlflict between dlis Agreement .:ll1d any other
document or oral statemenl (including .... ithout any
limi.alion ailY depo~it a~reernenl between
CUSTOMER and BANK) the lerms of this AETe-emerlt
shallgo\'em.
(j) No delay or omi~sion b)' BANK ro
e)tercise any rghl under this Agreemen', ~hall impzir
any s",ch righi, nor shat: il be: constrlJed to be a
waiver the.reof. No waiver b)' BANK of any single
bread or ddaul! under this Agleemenl shall be
deemed a lIro'ah·er of 31"1)' other breach or default. An}
... ai~crs u:1der this Agreement must be in ""riling
DA1EO: __ _ __ 9",I",O~1 __ " 199_2_
BANK OF AMERICA
NATIONAL TRUST AND
SAVINGS ASSOC1.t,TIO:"{
rna
BY
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Ct)STOMER:
City of Palo Alto
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ACCOUNT RECONCILEr-lENT SERVICES
ACCOUNT AND SEI~VICr: II)ENTII'ICATION
API'ENl)lX
City of Palo Alto
al Bank or Am~riC3 N.llional Trust .. nd S;a."ip.gs A.i:<.oci~lion rOANK'). ilre Li)C lyp.::~ or ,C(:ow,;:,h.Jtu')<1 ~rvi<.:c .. "'1<,]
n::laic.d services which DANK ilgrecs to provide. CUSTOMeR rur.~uJn' to the Accounl RC",')n('1~,~rnC"nl S.::rvic<!"
Agreement of
TII-e; Servic:es, as lhal term is U$ed in !he: Agn::c:mCollt • .ar.: cOlllpriscd 0 r the ag".cS~lC ,~cr"I':C,' 117<lcd bo.:l()w for
the Ace-ount an<! do rim include any liel"lices nO( idc.r:I.f'icd beJo .... for such "'CC,:lunl.
M;I:;T~I!;":
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~J ELECTRONIC R£<:ONCILEMiNT
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Ofui anal Scrvice.\" o Addition:!J Ili~lory Stored [.I SpeCi,11 CUnJuJ:w"..: Rcpon
o OTUF,:R Or'TlONS
o I£suc Subt01JI~ o ~k s.-..q uC'H:ing o btr::l Repon COpy o Microfiche: RqlOn copy
IMII".I)
o Cil~d ,,,'licror;.rming o Dup\ic'lIt" Mlcrori!Il'l
[J Mlcl"ofilmins. Sa[C-kC'~ping, .. n.q DcSlrucIH:>rl
C O'I~bL:r.;cm<:'1't1 nOli SUr'!lm:JfY
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Bank of America
September 16, 1992
Go,,;lon Ford
Treasury Manager
City of Palo Alto
P.O. Box 10250
Palo Alto, CA 94303
Dear Gordon:
EXHIBIT B
Before going out on maternity leave I want to recap some of our agreements:.
Attached is an updated version of my August 10th Jetter which in<orporates
tP.e agreed upon changes to services including the City's rejection of our ideas
to do the followinB'
• eliminate the Returned ltern account;
• link the Returned hem and Depository accounts with a ZBA;
• use of our personal computer base<!: wi!e 'Service rather than of our l\foney
Transfer Cf!nter~s 800 number;
as well as the City's instructions to institute the following changes:
• replace Deposit Reconcilement and Partial Ac.col.lnt Reconcilement v.ith
Electronic Reconcilement;
• consolidate the Concentration, Accounto; Payable and Payroll accounts;
• eliminate the Parking Citation account;
• eliminate paper wire confirmations; and
• use the San Francisr:o Cash Vault to process deposits rather t.l-tan the
branch.
The Terms will be as follows:
• Pricing is committed fr,.rough December 31, 1993. Thereafter; annual price
.increases will not exceed Ihe California CPl.
• The conu-act tams of Security Pacilic wUl be upheld through December 31,
1992 A new master agreement and servke contracts will be required after
this date.
• Account settlement will conti"lue to be quarterly with carry fonllard of
excess balances to sut>sequent quart.,.., but not beyond the Dec2mber 31
calendar year. Shortfall is due and payable within 20 days (rather than 10
days) of pre5$tment of the analysis for the final month of the quarter. If it
is found thaI during any 6 months (rath2r than quarterly) p2riod there are
no positive balancesl the City will automaticaHy convert to a direct fee
(monthly) method.
The Pricir.g Summary has been modified to incorporate these changes and the
account s!n!cture has been corrected and updated.
~ards'
.~
Louise Nicholson
Vl~ President
Government Services #3292
BanJc of America
Two Embarcadero Center; 11 th Floor
San Franci.s<o, CA 94111
(415) 622-D819
cc: Jerry Colipapa #3.503
Salma Kei th 1117
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COMPARISON OF CHARGES FOR SERVICES USEQ DY 1lJE crry Of PAID ALlQ
SECURITY PACIFIC PRICING BANI( Of AMElltCA PJlICL>;G
MONTHLY PERTrEM MONTHLY PERTrEM MONTHLY
SIIMlJ; VOLUME W. SERYICECHARC£ W. SERytCE {"HAAGE
Al-'\.ul4tt Malnh!nan.:,:-e 4 Before Convet'&i.Otl 8 514,00 $ 112.00
AccoUJ\t Maint(;nance -Alter Conversion 7 $15.00 pel IICCO\.Ult S 105,00
DepoaUs:
Branch -be£Ofll'.! (OfIvel'Sion 34.1nl $L35 $ 460,35 $1.40 P'!r dtPpoo~1t
Branch (deUver~d by Loomis] 2210) $1,50 S 331.50 $3,00 per deposit
Branch (d('JiVl'r~ by Loomis) ~ alt'!r (onY. J41 S3.CXJ per deposit S l.onoo·
Cha:konJy OcpositJ -befOre convcrsiort I. $1.10 S I/,Ii(]
Night DrOp $1.10 per clepo:;it
Key Fee $17,00 pet year
Vault be(OTe 4:00 p,m. S1.10 pef deposit
Cuh Vault .. It('l' 4:00 p.m, S1.10 per dcpo~it
Cuh Vault· aplit depot\lt $1.10 tf~rMh/I!i:i.t.1q,
NIgh. Depoti' Bags· uyed $35.00 per btlg
NIgh. Dopotj, Bag •• pIA.U< .. No Charge
Deposit Adjustments ~LOO S 1,00 $3.00 (Cash only) $ ,3.00
Ch«k!J Deposited:OJ
Unl!l\l..Lodcd
O,,-U&jl('m~ 2,139 $.09 S 1;~,51 S.085 per h~m. S ISI_tsZ
TraMit ').~iJO S,OQ $ 495.00 5.095 ~r item S 522.50
Enrod<od
On,us 5,822 $,0,5 S 20].77 $.042 rer item $ 244.S~
Calif. Clearing HOltge 7 jJ7S $,04 $ 2BJJ)O $.D48 per !.tern $ 339.60
local. Fed Re!>erW 6,848 $.05 $ 34.2,40 ~i.055 per Hem S 376.M
Other lI(!m!l 1,0;7 $.075 $ 78,53 S.075 per it('m $ 78,53
Reject Rate ChargeOl $.30 ~r item
Deposited hems Returned 2. $3,25 $ 84,50 $3.00 ~J' item S 1B.00
~8U heme Redea.red 83 $1. IS S 95,45 $1.15 pet item S 95.45
Non--standard Cl1J'l'enCY Deposlled/$l00«1 14:J(] $.12 per 5100 5 171.60 $,12 per5100 S JlI.!iO
Stand"<i C=cy o.,poslloo/$110 $.09 per 5100 $.09 per $100
(IJ The Security Pacific .It"y~il ~lalmM'lIf ,"UWI ,141 It,,"t" d«p<lsi/".221 IIf which ti/ItnI Ullwratl by IIrmDret/ ,urri~ • .,d w~rr ch'''gtd. 1M Nidifio .... ' $1.50 ptf
Ikpotil. AI B,"i of AmDit. Mli~"r J4J rk,_i" I" flu !It ... ch will rolf II .. IJdiliott.'S.15 per Aql1»11 (Jl.8!J ,t SEePIC M'.u, SJ.oo ., lI'nk of A'lllritll'). Pnu. w'" b!f ,tJ!IJU:N ftyS641,!H} ,., mUnlh if ,,_ Upolrl, ""t flrDtrlW &-y lIN! Hwl'-PIN_ ,,{tI fD 'he .1I.dll·d lett., ",",,"11 diKWfltJl _11'1 ",,,ttni"g ~tiiMPtnl"
.tt4 "Mr flrttpoJet/. .00liliOlI '0 flu City' ~.iI diffumn JumUi,,( ""Mi'~"i:.,
(2J i'Dr tMW dqrofitnl, JI~ IIt'ru R""k of Altk'riu i. "'ll_ hi MrIf' • 2'" _,t" u.u. S«""ity P.cific iwd /m flw.n , 5"" "",rttl'MrL III NonMnt e.lr/mnr".
Th!, i"m.~ in ",Ht' ilmu tuill j",raN' clll~cfM fMlucu ... il"lJI" tft of{kf IIl't1iu chAfgn.
(3) Tlli. dlllrgt il .uwlHli 1ft HCit ilftfl fhlll flJttrN., •. 70f. lI.W;fI(1 R.'e. S"rd: af J\l'I'Itr~toI wo,b Wj',,, CIl,'OrN'rI I" U"O/W rtj~d problmu ... .1 ,lOti n,,1
"ulomaliG/llly begin I., .un" lhe c1UI'1t Nlilil 90 d.dy" .{In jnjll., 1Iotific.li(t,a J(t Citlillmlrr 0/ IhI: ""IIItlm.
(4) TIw Sl:n.nl.1f Pacific priting crr"lblnr. _U ""'(tti"'. flf lO/1t "tul Cllrnmcy {fll» OM rlwtS". My pridrtg "HIo:",".lI UM i. Cl,jl"tmcy, &/A c .... ,Kn I.OJ/$1.10 for
lOMe wi". BN/" coi" chl,S_ lin .'111 " .. i/,bk for tN.t_, willt '.r~ CDIN Mpllfjf"
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OOM\'Ap'\SON OF CHARGES fOS 5EIlV~IlD!lX1HIl em DEPALO ALTQ1CONtl
~
MONTHLY
YOIJM
C:o.m ~ kwl '4{3WltiC
Coin -bull< "b'"
S ... dard Sags
Non5tan&rd Hilgs ~ StIrred
Nm St:i.ndOlfd 'NS5 -Mixed
5tubj."'''' ro Count
Chang,. Order.
C_ Supplied -St.nd",d
C""""<ySupplled -Ncn>, ... d",~
CMd<. hld
ramal Acrount R(JIConriJcm~tll:
Mo. Acd. Ma.inf("~Alter Ccn\lH$~
Mo. Am. Mltintenanct-l!efon'! Con\leDiM
M.$~f,!d.c:. Tape 0l.lt?Ut. 8et~ O:m~
Magnttic 'tapt" output· Af~ CmYl'/&.I{)I\
J'lIot rheck -DelOIT Conwmon
PI:1 t:hed ~ AItet Cony-enw"
Daily Ch(>(.'.k 5fqu~(1d.o.s:
Ot.'fJO:'IH Conllnlldation ~ Jh:fore Convol!tSiOct
Mt:mwly Malnwnallo"t
t~ltm\
I1ecttooic ReroncUemf>:nt & AJ..tcc Om\"oQ:w,.w,o.>
Monthly Maintt'nat'l~
rti"f him!. Fee
Smp Paymenb '"
BAMTRAC s.m"",
SpacifiC90 Base !~
iJaW'lce ~rtin.g • be!ose ~orl'lersior.
ManC(! bportfug-.. Alk':t wnVtH'l!oiOJ:l
SpadIka Co""",, n""
UtnJted Tuucl\1:t1m! BAMTRAC
lQ
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5ECt1ltll'Y PA elf/<: I'lUCING
PER ITEM MONTHLY m SEBYlCEJ:HA;8GJi;
S-12 per $100
$,09 pet 5100
$,12 per $100 $ 1,20
$,11 $ 59;)]6
550,00 $ J5Q,OO
$15.00 S 1)5.1)0
.$.055 S 261.36
$,QI $ 47,;1
$J5jJO $ lSm
~.16 S 46,2>\
$10.00/6 ",uulh $ 10.00
575M $ 1M3
$1$,00 $ (;(J,OO
$.3333 S 5B3
IIANK OF AMERICA ~&ICING
PERnEM
Fllll
$,03 per 51
SUS per,,",
U35 peroog
$5,00 per ""8
$12,0(1 per bog
$J)9 per 5100
MONTHf.Y
Senna;('HltHGS
$.12 per$IOO $ DO
$,10 $ <9],:'<)
(Min. monthly marge ill :';;;50)
$50JJO (I) S S{!.OO
$15,Qt¥\I
$,0:;5"'
NoChArg~
$95,00
$,095
$13.00/12 mtlt!.tn5-
$95.00 fIt"r r.trount
No Chllf""g(l
$25.00
l l~.OO
S JW:-'
Ntl Charg\'
$ 'l),oo
, 19Q.(1<
S '6.00
S 9$,00
No Chalgf'
S 75.00
m Stt-lirity PUtf4' ,rn. ltA""m~ ,ti"ClWM M(IIM~I ~l cm"lmHl! {%m;th 12/JJI'"J. rm. iI ~ ~h)r C<."NJNIW~ 4 SJaJ.]S.
QJ Dut,ort.lt kc.af,,:ilf'#ICJJt r~J.(t1l Plni,' ..... HPJiJlf J(UlUlciltltl~lll (It, 2:.16( ~4 rAUl 'M\ tM h)nM 'Jl4 Artulollil. Potty-hie .,CD""'., III W\'.M '" j~ 1M
tUpIl.it. fi" tht ~it CI'1,..lllI.ibtimr Sttttl~,
01 The: 5£M'ity YWflt pritt' ~. S:!W "ItlI4i of SIlIemCS; flp/JI.', i~ /Dr SA-MiMe i"'is.fe6 liftlf$.
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COMl'AIIISON OF CHARCFS POR S\lRVICFS USED BYTIlE cm OF PALO ALTO (CONIJ
SECUIUlY P",CIPIC PIlICING B.\NK OP .\MERle", PRICING
MONTHLY PER ITEM MONTHLY PER ITEM MONTHLY
5.El!.Yll;£ YOUIME w: SERVICE CllARGE. w: SEllYlCE OlAXGE
B:\.\fTRAC Sen-ices (CanU
Detail ReporHrtg 1 $15.00 $ 15,00 S9S.oo per aC('()tInt 5 95.00
Pw Transaction Printed 1,,817 $,20 S 363,4{l 5.17 per H~m $ 308.89
Spacifica MiO'OCOln 1 $10.00 $ 10,00 N/A
Sparulcs l-ligl\ S~ Record, 1.053 $.001 $ 1,05 N/A
Oulgolng Wire Transfers:
~"'W1" l\lre/8JO Nwnhl'r 3 513.00 • 39.00 $18.00 5 S4.00
Advke of Outgoing Wirerll • 8clol1'! tt'llV. 3 Sum $ 3,00 52,00
1ncoming Wire 'Jrans(ers 9 58,00 S 72.00 $0,50 S 76.50
Mall Advlcenl -Befor~ wnver&1on 9 51,00 $ 7,00 $2,00
Phone Advice 510,00
SJ'ACIFICS/BAMTRAC CIJm=n1 o.y PC Advk"t'
Monthly Mainrena~ 555,011 $ 55,00 $50.00 $ 50.00
1"er Wte Recdved -Before wny(!I'1jon 5.25 5 .25 $.60 5 ,60
rer Wre and ACH credit fto'!lved -Alter
nmvenitJn 13 5.60 5 7,SO
EPIC/Dinet DepoAiI of rayroll
Input File. 2 $20,00 $ 40,00 550,00 5 100.00
I tclN I"roces.sed -On us 296 $,06 $ 17,76 $,05 $ 14.80
Items ~ -1i'ansit 764 $,00 S 45,84 5.10 5 76,40
Monthly Mainten8l'loo 1 N/A $200.00 5 200,00
Reversals/'Iracers 4 $10.00 5 40,00 $20,00 $ 80,00
NotHication I $1,00 S 1.00 $l.25 $ 1.25
FDIC Jnautanoe ,1596 ,04791 CIJ
Unro11ected FlU"Id. Charge 120'ft 01 Rfo.lerence Rat~ 120 .. 01 Re{erenc~ Rate!);
and Overdra(ts and/or StO/item with II and/or S10/item with a
maximum Q(SSO/d.ly mllximum of$40/day
TOfALMO,SYC.CHGs,wmt8RANCH DEPOSITS $ 4,''",'' $ '.523,18
COMPENSATING BALANCEEQUlVALENT: I.' $ 1,758..830.40 Sl,'58.,,88.24
TOfAL MO. SVc. CHGS. wtnf VAl1t.TDEPOSrrs $; 4,87S.28
COMPf.NSATING BALANCE EOUIVAI.ENT $1.1l&,481."
(I) W, UCIIJIIIrWIII.riI dim!",,',., ll'flliUJI "vim 1111 j,,,:,,,"i., .",. OWllltI", "'rn, /IIIifU w mom",,"" .... ;'" BAMTRAC CNmrJlt 0.)' x,pllrliflg h, pnl1' .at'iu.
Ill.n IRCOJIOIi"g wim 11,,11 ACH ,milt •• IUI l1u/s.,inB wi,.",
,I) Slibjut '" ChaRp. BolA FDIC / •• ~ 01'1 _'.na tlr 'CCOWII' ., tfNllriw tnd ."Ii il akul"2d I" ... j.c/"r of .1)f15tl fie' SJOO.
(~J Tlu rq~. I'll" i. ~ by the B./tk ""UrI 11,1'()11 NrlOU' ,lIIdon, .lIcI..Jing 1M It.nt'll CII,I •• flii liniurt rT'UrK, p"nlll' utI"amlt colt_itio", .ruI ",her f.~ttln; •
•• "j i. ~ II. II ~. ",(II' for prlci", Ill.,.. 10<111" Tlu a..d: '"'Y pm:" 1".11 •• ;, ••• nr iocR tlw rtlf~mru N'''. Any c"'"g~ 101 Ike "fD"'~ r./(' ."-"
Id, t/f«1 1111 1M .y ',,"if". 1,,-'M public .lIflluWllcmuJllf til IWd\ ch.,,8"
(4) fI,-,w 011 1M July 1991 ul'flli",. AU_IIU lUI, nf .H9'" ruIIi.:lI 11II!HIt.IIi. Itl $J5454 {or ftIII'~ J1oU.r of knIi,.. dMrgil' .
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