HomeMy WebLinkAboutAutomated Mercant Systems, Inc - Addendum to Mercahnt Processing Agreement 2017 02 17 ADDENDUM TO
MERCHANT PROCE SSING AGREEMENT
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1���K8 AK�D]�}�DXJ�� ("Addendum") � entered into on this Nay �f ���o�d�20 11 .
by and between Merrick gunk, a Utah state chartered bank (``K1eomhcr Batik"), Automated
Nierchant Systems, Inc. ("AMS")and the City of Winter Springs,a Florida municipal corporation
("Merchant")(collectively all of which may bc referred to as the"parties").
RECITAI S;
WH]CRBCA^0, the parties previously entered into &4erohunL Processing Agrzcownt (the
"Agreement") with an InitialTerm beginning,lune 3, 2015,for processing and settlement services
relating to dohb and credit o4od transactions, in accordance with the terms therco� and
WHEREAS, the parties desire to extend the Initial Tcnn of the Agreement for an
additional term of one(1)year,as further identified herein and as authorized by the Agreement.
NOW. TU%EREF0|RE, in consideration Of the mutuul promises contained bcrcin, the
nuM§cicooy of which is h*n:byooknowvledgcd,it is agreed by tile pal-ties mx5n||npe;
\. Recitals, The foregoing n:mi1a|sure hereby deemed true and correct and are hereby
expressly incorporated herein by this reference a.q a material part of this Addendum.
2. Exhibit. The Agreement is attached hereto as Exhibit wA`^ and is fully
incorporated herein hy this reference thereto.
3. Extension of Aureement Term. Pursuant to Section 8 of the Agreement's Terms
and Conditions. the parties hereby agree to extend the term of the Agreement for an additional one
(|)year period comncnuno>ng oil June 4,2O\h and terminating on June 3, 20\7 ("ExtcndodTrnn^).
The Agreement shall uutonuut|oa||y ccnninutc at the end of Extended Term unless renewed by
mutual written u�/ee�nentprior zo the end oC the Extended Term.
4. Other Terms and Conditions, Any other tcrnnm and conditions not expressly
modified by this Addendum shall re/nminuuphanced and io full force and effect.
5' Conflict. In the event of any umnhiguity, conflict or inconsistency between tills
m und the Agreement, the terms and condidonmoythis Addendum shall prevail and
cmuLru}.
IN WITNESS WH&CRE0OF, the pudiou have executed this /\ddendorn on the duk:
indicated below,
[Simu/ore pxgejb/lows]
City oy Winter Springs Automated Merchant Systems.Inn./}xeni:kBank Corporation
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CITY OF WEN-TER SPRIN(-VS, .FL( RIDA
Koein L, Si City Manager ry
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MERRICK BANK Cal )RA'
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Printed Nallic
Title
Date:
AUT( TED N, I EMS, INC.
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Printed Name
Title
Date:
City of Winter Springs/Automated Merchant Systems..Inc.: Merrick Bank Corporation
ADDENDUM TONMERCHAN'r PROCESSING AGREEMENT
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