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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.
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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
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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
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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
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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
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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
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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.
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