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HomeMy WebLinkAboutC13-153 Loomis Service Agreement • LOOMIS SERVICE AGREEMENT The following paragraphs of this Service Agreement (the "Agreement ") outline the agreements and understandings by and between LOOMIS ARMORED US, LLC ( "LOOMIS ") an d Eagle County A Texas Limited Liability Company ( "CUSTOMER ") with offices at: Eagle, CO 81631 2500 City West Blvd. Ste. 900, Houston, TX 77042 This Agreement expresses and outlines the services, roles, and responsibilities of the parties. If additional locations, other than those set forth herein, are added to the scope of this Agreement, consistent terms and services will be maintained. These promises for such services and their related payments form the basis of this Agreement, made this 21 day of May, 2013. Term: Service will begin on the 1 day of June, 2013 and shall continue for a period of one (1) year, unless sooner terminated in accordance with this Agreement. This Agreement may be terminated by either party for any reason, with or without cause, and without penalty, upon thirty (30) days written notice. CUSTOMER agrees that LOOMIS is the exclusive provider for these services for the facilities described herein. Either party may terminate this Agreement within 5 days written notice in the event of bankruptcy, or insolvency of the other party. Loomis may terminate this Agreement with 30 days written notice in the event of a material reduction or cancellation of insurance. In the event of any termination of this Agreement, LOOMIS shall be compensated for all incurred costs and hours of work satisfactorily completed through the date of termination. CUSTOMER and LOOMIS agree to the following: Schedule for Services: Conjunctive, sequential, on route pickup and delivery of items at the following location(s) to /from CUSTOMER's designated, mutually agreed -upon location(s): LOOMIS MAXIMUM LIABILITY Pick up Time BRANCH UNIT # / LOCATION COVERAGE SERVICE FREQUENCY FEE for SERVICE 1305 Eagle Co Treasury $50,000 per shipment 5 x per week $315.00per Between the hours GrandJunction 500 Broadway (Mon- Fri) month plus Fuel of 12:00 P.M. and -Vail Eagle, CO 81631 Fee 5:00 p.m. 1305 Eagle Co Transit $50,000 per shipment 1 x per week $104.00per Between the hours GrandJunction 3289 Cooley Mesa (Wednesday) month plus Fuel of 12:00 p.m. and -Vail Road Fee 5:00 p.m. Eagle, CO 81631 All CUSTOMER deliveries shall be made to: Wells Fargo Bank 246 Broadway Eagle, CO 81631 There - will-be -no- adjustment =to - the -Fees -for Semi ices- without =a= written= amendment =to =this= Agreement. Waiting Time: In the event the CUSTOMER requires additional time and LOOMIS agrees to stay, a charge of $1.50 per one (1) minute will be assessed after the first ten (10) minutes. Over fifteen (15) minutes, LOOMIS may elect to depart from the CUSTOMER'S location. Should LOOMIS be requested to return, the pick -up will be rescheduled as a Special Pick -up and will be charged at an agreed to fee prior to rendering service. Revised: 2012 Version 1 CONFIDENTIAL Page 1 CO tiff;\01 -103 Research, Special Request and Supply Fee: A fee of $55.00 per hour will be charged for research of LOOMIS' documents or receipts that have aged over sixty (60) days, unless it is determined to be solely an error of LOOMIS, or the development at CUSTOMER's request of custom reports or CUSTOMER special requests outside the scope of normal services referenced in Section 1. Supplies provided by LOOMIS to CUSTOMER will be charged back to CUSTOMER at LOOMIS' current cost plus 1 %, Excess Item Handling: A fee of $0.50 per item is assessed when the number of items or containers exceeds 10 items per shipment. Holiday Service Fee: A fee of $125.00 will be charged should services be needed on the Holidays as listed in Section 11. Excess Liability: A fee of $0.50 per $1,000 or fraction thereof for any amounts which exceed the Liability Coverage per Shipment Amount. New Account Setup Fee: Waived CUSTOMER does not desire this Excess Liability Coverage, CUSTOMER must decline Excess Liability Coverage by initialing the box below: Decline Reconstruction Obligations: As explained in Section 7(c), of the Terms and Conditions, CUSTOMER has certain obligations regarding reconstruction of lost, damaged, destroyed checks or other events or items that provide an audit trail. If CUSTOMER prefers to opt -out of these reconstruction obligations, CUSTOMER must decline by initialing the box below. Decline If CUSTOMER does NOT agree to reconstruction obligations or cannot meet its reconstruction obligations contained within Section 7(c), LOOMIS' liability for all checks contained within the shipment is limited to Ten Thousand Dollars ($10,000.) regardless of the face value of the checks in shipment. Revised: 2012 Version 1 CONFIDENTIAL Page 2 At I TERMS AND CONDITIONS 1. Service: LOOMIS shall provide the services more paid by cash, check or ACH unless otherwise agreed on particularly set forth on Exhibit A, attached hereto and the signature page of this Agreement. incorporated herein. LOOMIS agrees to pick up, receive from, and /or deliver to CUSTOMER, or any designated 3. Rate Adjustment: This agreement is subject to a agent, securely sealed or locked shipments which may Fuel Fee of 15% of all Transportation Service Fees. contain any or all of the following: currency, coin, checks, securities, or other valuables. If the shipment 3a. LOOMIS reserves the right in times of global container(s) does not appear to be securely locked or economic downturn or due to changes in regulatory sealed, LOOMIS reserves the right to refuse to accept obligations to renegotiate rates and fees in good faith such container(s) and will not receive said container(s) with customer. In the event that CUSTOMER refuses to from the CUSTOMER or its designated agent. If consent to such adjustment(s) or fee(s), either party LOOMIS accepts sealed container(s), LOOMIS will give shall have the right to terminate this Agreement upon CUSTOMER a receipt for said sealed container(s), thirty (30) days written notice to the other party. transport and deliver such sealed container(s) to the consignee designated by the CUSTOMER. CUSTOMER 4. Liability: LOOMIS agrees to assume the liability for agrees that it will not conceal or misrepresent any any loss, according to the terms of this Agreement of the material fact or circumstances concerning the property securely sealed container(s) from the time LOOMIS delivered to LOOMIS pursuant to this Agreement. The signs for and receives physical custody of the sealed fee payable by CUSTOMER to LOOMIS is based upon container(s). LOOMIS' responsibility terminates when the agreed upon liability limit(s) and level(s) of service the CUSTOMER or its designated consignee takes provided by LOOMIS as stated in this Agreement. If physical possession of the sealed container(s) and signs additional or special services are required, CUSTOMER LOOMIS' receipt. If it is impossible to complete the and LOOMIS agree to negotiate fees for these other delivery, LOOMIS shall be responsible for any loss until services. Before these other services commence, a the sealed container(s) is returned to the CUSTOMER or written amendment signed by the parties will be attached its designated agent and a signed receipt obtained. to this Agreement confirming these additional services. If While the sealed container(s) is stored in the other services are provided prior to the execution of a CUSTOMER'S premises, LOOMIS does not assume the written amendment, the fees to be charged will be the liability for any loss. If CUSTOMER conceals or standard fees quoted for such service by LOOMIS. misrepresents any material fact or circumstance concerning the property or container, or the contents 2. Billing and Payment: LOOMIS shall submit thereof, LOOMIS will have no liability for any loss in any separate invoices to each CUSTOMER facility set forth way related to such fact or circumstance. LOOMIS on page one of this Agreement detailing the charges reserves the right to take any and all action as may be incurred by each facility in the preceding month. reasonably necessary to prevent money laundering to Invoices shall be submitted to the addresses set forth in the extent permitted under law or as may be required by - Section 16 below by the fifth business day of each any regulatory body that may exert a right of control over month, and shall include a description of Services LOOMIS, performed. Invoices will be paid within thirty (30) days of receipt. CUSTOMER is tax - exempt. In addition, UNDER NO CIRCUMSTANCES WILL LOOMIS BE LOOMIS may, at its discretion, impose a service charge LIABLE TO THE OTHER PARTY FOR LOST PROFITS of one and one -half percent (1.5 %) per month or OR FOR ANY INDIRECT, INCIDENTAL, eighteen percent (18 %) per annum or such lesser rate CONSEQUENTIAL, SPECIAL, PUNITIVE OR as may be required by law, of the amount unpaid by EXEMPLARY DAMAGES ARISING FROM THE CUSTOMER, as is due and payable to LOOMIS on all SUBJECT MATTER OR SERVICES OF THIS invoices not paid in full by invoice due date. AGREEMENT, REGARDLESS OF THE TYPE OF CUSTOMER further agrees that undisputed portions of CLAIM AND EVEN IF THAT PARTY HAS BEEN any invoice shall be remitted to LOOMIS in accordance ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; with normal payment terms. However, should SUCH AS, BUT NOT LIMITED TO LOSS OF CUSTOMER fail to pay any undisputed amounts within REVENUE, LOSS OF INTEREST, LOST DATA, DATA thirty (30) days of the invoice date, LOOMIS may, at its TRANSPORTATION - OR - TRANSMISSION ERROR OR sole option, terminate this Agreement upon ten (10) days ANTICIPATED PROFITS OR LOST BUSINESS. written notice to CUSTOMER. CUSTOMER agrees to EXCEPT FOR THE CARGO LIABILITY SPECIFIED notify LOOMIS of dispute(s) arising from any invoice WITHIN SECTION 4, IN NO EVENT SHALL LOOMIS' within thirty (30) days after such invoice has been LIABILITY TO CUSTOMER ARISING OUT OF THIS — - presented to- CUSTOMER, or -else such - claim - shall -be -- AGREEMENT- EXCEED THE AMOUNT- - deemed waived. All amounts due hereunder shall be REPRESENTED BY THAT PORTION OF THE Revised: 2012 Version 1 CONFIDENTIAL Page 3 woos"' p SERVICE CHARGE CONTAINED HEREIN FOR THE otherwise stated in this Agreement, shall be the payment SERVICE(S) PAID BY CUSTOMER FOR SUCH to the CUSTOMER for the reasonable costs necessary SERVICES. to reconstruct the item(s), any necessary cost because of stop - payment procedures or reasonable costs 5. Excess Liability: The following terms will apply if associated with CUSTOMER providing information and CUSTOMER did not decline excess liability coverage on assistance with recovery of loss. The term the signature page. If LOOMIS shall accept tender of a "Reconstruction" is defined to mean the identification of shipment in excess of the Liability Coverage per the item(s) only to the extent of determining the face Shipment Amount, CUSTOMER agrees to pay LOOMIS amount of said item(s) and the identity of the maker or the excess liability fee set forth on the signature page. endorser of each or providing audit trail, foreign or CUSTOMER, by paying this additional fee, will obtain internal network information, data, customer information full dollar coverage of any or all losses, subject to or other relevant information to allow Loomis to recover the other provisions of this Agreement. If any and /or all item(s) or cash associated with loss. CUSTOMER declines Excess Liability Coverage, CUSTOMER agrees in the event of a loss, that any liabilities covered under this Agreement are limited liability of LOOMIS shall be reduced by the face value of to the Liability Coverage per Shipment Amount. reconstructed or recovered item(s). d) Upon the request of LOOMIS, CUSTOMER 1 6. Indemnity: To the extent allowed by law, each party will furnish a proof of loss to LOOMIS or its insurance (each being an "Indemnifying Party ") shall indemnify, carrier. Once reimbursement has been made to defend and hold the other party (each being an CUSTOMER, LOOMIS and its insurer shall receive any "Indemnified Party ") harmless from and against all and all of the CUSTOMER'S rights and remedies of claims, costs or expenses ( "Claims "), including recovery. reasonable attorneys' feells, to the extent that such Claims were caused by the negligence or willful 8. Limitations & Force Maieure: misconduct of the Indemnifying Party. Each Indemnified a) The CUSTOMER agrees that LOOMIS will not be Party agrees to give the Indemnifying Party prompt liable for any loss or damage caused by or resulting from written notice of any Claim under this Section 6 and shall shortages claimed in the contents of the sealed or provide reasonable cooperation in defense of the Claim. locked shipment(s), or for the breakage of statuary, marble, glassware, bric -a -brac, porcelains and similar 7. Claim Procedures: The following provisions shall fragile articles. Likewise, LOOMIS shall not be liable to control in the event of any loss or claim, notwithstanding CUSTOMER for failure to render service if in LOOMIS' anything to the contrary contained in this Agreement: judgment the same may endanger the safety of a) In the event of a loss, CUSTOMER CUSTOMER'S property or personnel or LOOMIS' agrees to notify LOOMIS in writing within four (4) vehicles or employees. calendar days after the loss is discovered or should have b) It is further agreed that LOOMIS shall not be held been discovered in the exercise of due care. accountable or liable for any damages or losses, caused CUSTOMER agrees that any loss shall be reported by by or resulting from illegal or fraudulent acts of CUSTOMER to LOOMIS within forty -five (45) days after CUSTOMER's employees, agents, representatives, or the pick -up by LOOMIS of the securely sealed container third -party contractors. in connection with which the loss is asserted. Unless c) CUSTOMER agrees that LOOMIS shall not have such notice has been received by LOOMIS within this any liability for losses of any documentation carried by forty -five (45) day period, such claim shall be deemed LOOMIS at CUSTOMER's request without waived and released by the CUSTOMER. It is agreed compensation. that both parties will work together to determine the d) CUSTOMER expressly understands and accepts extent of the loss, and if possible, the cause of loss. that ownership (title) to cash transported or stored by b) The sole liability of LOOMIS (except as LOOMIS shall never transfer to LOOMIS. otherwise stated in this Agreement) in the event of a e) It is further agreed LOOMIS shall not be held loss, from whatever cause, shall be subject to the accountable or liable for any damages or losses, Liability Coverage per Shipment Amount set forth in this whether controlled or uncontrolled, and whether such Agreement or the Excess Liability Coverage, if not loss be direct or indirect, proximate or remote, or be in declined_b y_the whole or in part caused by, contributed to, or aggravated c) Unlesss CUSTOMER s opted-out of its by the peril(s) for which assumed by LOOMIS, reconstruction obligations in writing above, CUSTOMER resulting from: shall retain sufficient information to allow reconstruction (i) Hostile or warlike action in time of peace or of item(s) in the event of a loss. In addition, war, including action hindering, combating CUSTOMER agrees it will cooperate and assist in or defending against an actual, impending - - - reconstructing - - lost, -- damaged-- or - - -- destroyed — iterns - - -- - -- — or- expected- attack; - (1) -by_ any government - - ___ constituting a part of any loss. LOOMIS' liability, unless or sovereign power (de jure or de facto) or Revised: 2012 Version 1 CONFIDENTIAL Page 4 by any authority maintaining or using (a) All Risk Cargo coverage in the amount of military, naval or air forces; or (2) by $1,000,000. military, naval or air forces; or (3) by any agent of any such government, power (b) Commercial General Liability: authority or forces. Comprehensive general liability insurance, including (ii) Nuclear reaction, nuclear radiation, broad form property damage, with a combined limited of radioactive contamination or any weapon of not less than $1,000,000.00 per occurrence. war employing atomic fission or radioactive force whether in time of peace or war. (c) Workers' Compensation and Employer's (iii) Insurrection, rebellion, revolution, terrorist Liability: Workers' compensation insurance in act, civil war, usurped power, or action accordance with Colorado statutory requirements. taken by governmental authority in LOOMIS shall additionally obtain employer's liability hindering, combating or defending against insurance with limits of coverage of not less than such an occurrence; seizure or destruction $500,000.00. The policies shall be placed with an under quarantine or customs regulations; insurance company which has an A.M. Best Company confiscation by order of any governmental rating of A- or better, as reflected in the current A.M. or public authority; or risks of contraband or Best Ratings & Reports publication. illegal transportation or trade. (iv) Acts of God, strikes, labor disturbances, (d) Commercial Automobile Liability: impostor pick -up or deliveries, or other Commercial automobile liability insurance policy with a conditions or circumstances beyond minimum of $1,000,000 Combined Single Limit with an LOOMIS' reasonable control. insurance company with an A.M. Best Company rating of A- or better as reflected in the current A.M. Best Ratings 9. Disputes: This Agreement shall be interpreted in & Report publication. accordance with the laws of the State of Colorado and the parties hereby agree to submit to the jurisdiction of (e) LOOMIS shall purchase and maintain such the courts thereof. Venue shall be in the Fifth Judicial insurance as required in by this Agreement and shall District for the State of Colorado. The LOOMIS accepts provide industry standard certificates of insurance to the personal jurisdiction of any court in which an action CUSTOMER upon execution of this Agreement. is brought pursuant to this Section 9 for purposes of that action and waives all jurisdiction and venue - related 11. Holiday Service: LOOMIS agrees to provide service defenses to the maintenance of such action. In the event as stated in the Agreement with the following holiday of litigation between the parties hereto regarding the exceptions: New Year's Day, Martin Luther King Day, interpretation of this Agreement, of the obligations, President's Day, Memorial Day, Independence Day, duties or rights of the parties hereunder, or if suit Labor Day, Veterans Day, Columbus Day, Thanksgiving otherwise is brought to recover damages for breach of Day, Christmas Day, federal banking and any local this Agreement, or an action be brought for injunction or applicable observed holiday. Charges for service on specific performance, then and in such event, the such days will be as stated upon page 1 of this prevailing party shall recover all reasonable costs Agreement, excluding Christmas Day. LOOMIS will not incurred with regard to such litigation, including provide Christmas Day service. reasonable attorney's fees. 12. Specials: Unscheduled pickups or deliveries are 10. Container Value Limitation: CUSTOMER available under the same conditions and provisions of acknowledges and agrees that the maximum value this Agreement. Prices are quoted upon request. which LOOMIS will transport in any individual container will not exceed two hundred fifty thousand dollars 13. Excess Liability Coverage: LOOMIS reserves the ($250,000). If the total value of a shipment which right to refuse tender of a shipment in excess of the CUSTOMER seeks to tender to LOOMIS exceeds two Liability Coverage per Shipment Amount as set forth in hundred fifty thousand dollars ($250,000), such this Agreement. shipment must be broken down into separate shipment containers of two hundred fifty thousand dollars 14. Confidentiality: Each party receiving information ($250,000) or less. (the — "Receiving Party") undertakes to retain in confidence the terms of this Agreement and all other 11. Insurance. At all times during the term of this non - public information, technology, materials and know - Agreement, LOOMIS shall maintain in full force and how of the other party disclosed or acquired by the effect the following insurance: Receiving Party pursuant to or in connection with this Agreement which is either designated as proprietary and /or confidential or, by the nature of the circumstances Revised: 2012 Version 1 CONFIDENTIAL Page 5 woo surrounding disclosure, ought in good faith to be treated Agreement shall not cause a waiver of any other rights as proprietary and/or confidential ( "Confidential under this Agreement, at law or in equity. Information "). Neither party shall use any Confidential Information with respect to which it is the Receiving 16. Any and all correspondence regarding this Party for any purpose other than to carry out the Agreement shall be delivered via certified mail (return activities contemplated by this Agreement. Each party receipt requested) or verifiable third -party courier (return agrees to use commercially reasonable efforts to protect receipt requested) to the following: Confidential Information of the other party, and in any event, to take precautions at least as great as those COUNTY: taken to protect its own confidential information of a similar nature. Each party shall also notify the other Office of the Eagle County Treasurer promptly in writing in the event such party learns of any Karen Sheaffer unauthorized use or disclosure of any Confidential P.O. Box 660 Information that it has received from the other party, and Eagle, CO 81631 will cooperate in good faith to remedy such occurrence to the extent reasonably possible. Notwithstanding the AND foregoing, the parties recognize that the CUSTOMER is subject to the Colorado Open Records Act and that Eagle County Regional Transportation Authority nothing herein shall preclude the release of information Kelley Collier that is subject to the same. P.O. Box 1070 Gypsum, CO 81637 15. Entire Agreement: This Agreement: (a) shall be Phone: (970 328 -3533 governed by and construed in accordance with the laws of the State of Colorado without reference to conflict of With a copy o: laws principles; (b) constitutes the entire Agreement and understanding of the parties with respect to its subject Eagle County Attorney matter, except that the terms of any Agreement P.O. Box 850 regarding confidential information of the parties shall be Eagle, CO 81631 deemed to be a part of this Agreement; (c) is not for the benefit of any third party; (d) may not be amended except by a written instrument signed by both LOOMIS: CUSTOMER and LOOMIS; (e) may not be assigned by CUSTOMER without LOOMIS' prior written consent; (f) 2500 City West Blvd. Ste. 900, may be assigned by LOOMIS, provided that LOOMIS Houston, TX 77042 shall furnish written notice of such assignment to 1 CUSTOMER; (g) shall be binding upon any assignees, and defined terms used in this Agreement to apply to either party shall be construed to refer to such party's assignee; (h) is the product of negotiation; (j) is subject to a contractually agreed two (2) year statute of limitations on all claims or the minimum allowable by applicable law; (i)shall not be deemed to have been 17. If LOOMIS has any employees or subcontractors drafted by either party; (j) may be executed in multiple LOOMIS shall comply with C.R.S. § 8- 17.5 -101, et seq., counterparts, all of the same Agreement which when regarding Illegal Aliens - Public Contracts for Services, taken together shall constitute one and the same and this Contract. By execution of this Agreement, instrument; (k) contains article and section headings LOOMIS certifies that it does not knowingly employ or which are for convenience of reference only and which contract with an illegal alien who will perform under this shall not be deemed to alter or affect the meaning or Agreement and that LOOMIS will participate in the E- interpretation of any provision of this Agreement; (I) does verify Program or other Department of Labor and not make either party the employee, agent, fiduciary or Employment program ( "Department Program ") in order partner of the other; (m) does not grant either party any to confirm the eligibility of all employees who are newly authority - to - bind - the - other - to - any - legal obligation; (n) hired - for — employment to— perform— work — under —this does not intend to nor grant any rights to any third party Agreement. and (o) shall remain valid and enforceable despite the holding of any specific provision to be invalid or unenforceable, except for such specific provision. The The undersigned individual, executing this Agreement on waiver by either - party -of - any - rights - arising - out - of__this _ behalf of the_ CUSTOMER acknowledges, accepts and understands that the Services are provided by LOOMIS Revised: 2012 Version 1 CONFIDENTIAL Page 6 .0•■3 • under the terms of this Agreement, which CUSTOMER hereby acknowledges receiving, and further represents that he or she has the authority to sign this Agreement on behalf of, and to bind, CUSTOMER. LOOMIS By Printed amg ` �172ecd'-J. €o Title c � !Jr4. isc- A 10c— Date .1 ?- LA c�� CUSTOMER Ea Co Col ado By Printed Name Title Gov or...- Date ‘ 3 Revised: 2012 Version 1 CONFIDENTIAL Page 7 wee cesx • EXHIBIT A 7. LOOMIS shall provide armed, uniformed, properly licensed guards who have been trained and are SCOPE OF SERVICES experienced in armored car pickup and delivery service. A minimum of two (2) such guards must be provided per vehicle. Guards shall be bonded and licensed and 1. LOOMIS shall provide all labor, supervision and properly trained in the use of firearms. Guards must equipment as necessary, to provide armored car wear and present identification at all pick -up points. services to the County according to the terms, conditions LOOMIS shall provide operating two -way radio and specifications of this Agreement. communication equipment for the use by guards. 2. LOOMIS shall pick up checks, currency and 8. All motor equipment vehicles used for services coins (also referred to herein as a "Deposit" or provided under this Agreement shall be properly "Deposits ") at the CUSTOMER locations set forth on the "armored" and equipped for the service to be performed. signature page and shall deliver the same to the No standard street vehicles such as non - armored financial institution designated by CUSTOMER on the automobiles, vans, or light trucks shall be used. Only signature page. LOOMIS agrees to call the CUSTOMER armored cars meeting the standards of the accepted facilities set forth on the signature page at least ten (10) industry definition of such vehicles will be acceptable. minutes prior to arrival at the facility. CUSTOMER reserves the right to change the financial institution or 9. LOOMIS shall assign a project manager to interface location of the financial institution at any time during the with CUSTOMER regarding this Agreement. term of this Agreement. LOOMIS shall provide armored car servic s according the schedule set forth on the signature page. Pickup time maybe adjusted by the CUSTOM R in cooperation with LOOMIS. 3. Pickups will not be needed or performed on state holidays. Pickups outside of regularly scheduled pickups will be designated a "Special Pick -up" and a fee will be charged at an agreed upon rate prior to LOOMIS rendering service. 4. Deposits will be placed in sealed package(s) by the CUSTOMER for delivery to the financial institution designated by CUSTOMER. Sealed packages will be marked with the name and address of the sender and receiver. LOOMIS shall transport and deliver such sealed packages to the financial institution(s) designated by CUSTOMER on the signature page. LOOMIS shall not be obligated to accept packages that are not securely sealed. "Sealed Packages" shall be construed as property packaged in such a way as to be securely closed and fastened, with property encased inside, using material, wrapping, or packaging which cannot be removed or refastened without leaving an external, visible sign of tampering. 5. LOOMIS should complete each pickup within fifteen (15) minutes per stop, unless otherwise detained by authorized CUSTOMER personnel. LOOMIS must allow, at a minimum, ten (10) minutes per stop. The number of minutes per stop will start when the LOOMIS enters the — pickup location building — and — end when - LOOMIS leaves the pickup location building. 6. LOOMIS shall make deposits to the financial institution designated on the signature page on the same day _as- LOOMIS _r_eceives_ funds from the CUSTOMER. Revised: 2012 Version 1 CONFIDENTIAL Page 8 airiwr• rpm Nemo