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Home My WebLink AboutContract 48304 CITY SECRETARY ,? CITY OF FORT WORTH CONTRACT NO. ASSIGNMENT For value received, XCPCNL Markets Inc, a corporation ("Assignor"), hereby assigns to Vertex Financial, Inc., a corporation ("Assignee"), all right, title and interest in and to any and all sums of money now due or to become due from the City of Fort Worth under purchase order(s) TYPA-16- 00092143. This assignment shall remain in effect until its replacement by a subsequent copy of this form validly executed by the Assignor. This Assignment constitutes the entire agreement between the parties with respect to the subject matter hereof. No modification of any provision shall be effective unless in writing and signed by all parties. This Assignment shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 'This Assignment shall be governed by the laws of the State of Texas, without application of principles of conflicts of law. This Assignment may be executed in one or more counterparts each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Signed signature pages may be transmitted by facsimile or c-mail, and any such signature shall have the same legal effect as an original. Dated the day of 2016. XCPCNL M kets,Inc. (Assignor) By: �* , Title: vtT� Vertex Financial,ffInc. (Assignee) Title: tL : , Acknowledgement Page to Follow EFT. RECORD RETARY XCPCNL Markets Inc Assignment Form '4ehlofft NOTARY ACKNOWLEDGEMENT On the .� day of � "� ' '. 2016, personally appeared who acknowledged to me that (s)he is the �YVi D. ofCPCNL Markets, Inc.,a corporation and that (s)he executed this document for tfie purposkand consideration conta' herein. 12 t ature/Office f ompany SUBSCRIBED TO before me on this /a day of OC406er ,2016. QMAYRA RAMIREZ Notary Publa in and for the Stat = Notary Pub1Fc,state of texasc,�,,,, r� � c My Commission Expires My commission Expires: c. Ll�r ber 'W.. (J ILI September 14, 2019 NOTARY ACKNOWLEDGEMENT On the t_ day of 2016, personally appeared f1 gg who acknowledged to me that (s)he is the Pa.<idw of Vertex Financial. Inc., a corporation and that (s)he executed this document for the purposes and consideration contained herein. Signature/Officer of Company e an this j ej day of y C e, 2016. `'`u"�'' LISA MARY COUGHLENNT ar; Notary Pu40c,State ofTexas `J COMM Expires t)7-27-2D30 ,u Natnry ID ]307-87326 Notary Pub i in and for ths,State of 'Tz f.c b My commission Expires: 1 .. Z. l _-2�>� CONSENT TO ASSIGNMENT The City of Fort Worth consents to the assignment of XCPCNL Markets Inc., a corporation ("Assignor") to Vertex Financial, Inc., a corporation ("Assignee"), of all rights, title, and obligation owing and all funds due or to become due under purchase order(s)TYPA-16-00092143. C4TY 0-Y FORT=Tl� Su Alanis,Asst. City Manager DA E zzz'k l Aaron"Mss,s, /Director-Fin. Mgmt Servs. DA E AP ED AS TO RM AND LEGALITY: j® _ «^/ 6p Will Trevino,Asst. City Attorney DATE Afliss%d but OFFICIAL RECORD CITl( ��' nc Assignment For Page 2 ot'2 FT.WORTH,TX Mme' J. s City Secretary 04111to XCPCNL. To Our Valaed Client: Thanks to the support of your company and other valued clients,(Your Company Name)has grown to the point whore we are now making changes In our financial structura to enable as to serve you better. Due to the support of our existing clients,as well as some new relationships,wo have entered into a financial arrangement with Vertex Financial. They will provide a receivable One of credit as well as credit and collection services. We would appreciate yew acknowledging receipt of the attached letter with your signature and faxing It to their aMoe at 2143864M. We are looking forward to our continued working relationship with your company. Best ragards, Irving D.Boyce CEO,COO ertex 8750 N.Central Expwy Suite 900, LB9 Dallas,TX 75231 8/4/2016 The City of Fort Worth 1000 Throckmorton Fort Worth,TX 76102 Re: YOUR VENDOR:XCPCNL Markets, INC. NOTICE OF ASSIGNMENT OF ACCOUNTS RECEIVABLE The vendor referenced above has entered into a financial agreement with VERTEX FINANCIAL, INC. ("VERTEX")whereby they have sold and assigned all present and future accounts. Accordingly, all payments for XCPCNL Markets, INC., now or in the future, should be made directly to VERTEX and not to your vendor or any other entity; VERTEX'S security interest has been duly recorded by its filing under Article 9 of the Uniform Commercial Code.Please update your records to direct payments to the following: Physical Address Wirine Instructlons VERTEX FINANCIAL, INC SECURITY BANK FOR BENEFIT OF:XCPCNL Markets,INC. ABA#111321270 8750 N.Central Expressway,#900 LB9 ACCOUNT#4176952 Dallas,TX 75231 ACCT NAME:Vertex Financial Please make the adjustments to your accounts payable files effective immediately in order to insure that your payments am received and properly credited to your account. Payment to your vendor or any other entity will not discharge the obligation.This notice and the instructions herein remain in full force and effect until you are notified by Vertex Financial in writing to the contrary. Please notify VERTEX at 1-800-846-4062 if there are any adjustments to be made to an invoice or if questions arise concerning your billing. Sincerely, [c1-6w, Debra Wilson President PLEASE SIGN BELOW AND FAX BACK TO 214-3685889 RECEIVED AND ACKNOWLEDGED BY: COMPANY: AUTHORIZED REPRESENTATIVE: PRINT NAME: TITLE: DATE: