HomeMy WebLinkAboutContract 35775-A2 CITY SECRETARY
SECOND AMENDMENT TO CONTRACT Ito.,15 `] o
COMMERCIAL CARD AGREEMENT I JPMORGAN CHASE BANK, N.A.
THIS SECOND AMENDMENT (the "Amendment"} to Commerciai Card Agreement (the "Agreement") dated as of August 31, 2007 between
JPMorgan Chase Bank, N.A. (the "Bank"), and City of Fort Worth. a Home-Rule Municipal Corporation, situated in Tarrant, Denton, Parker, and
Wise Counties, Texas(the"Client"}is made as of _1.\ Cy► 1 l a�
2010(the"Effective Date'), p 1 (the"Execution Date") and is effective as of September 1,
The Bank and the Client agree to amend the Agreement as follows:
1. Definitions. Capitalized terns used in this Amendment and defined in the Agreement shall be used herein as so defined, except as otherwise
provided herein.
2. Exhibit A. As of the Effective Date of this Amendment, Exhibit A to the Agreement is hereby modified such that all references to"Purchasing"
shall be deemed to be references to"Purchasing and Travel".
3. Exhibit A. As of the Effective Data of this Amendment,the Average Payment Terms Escalator section of Exhibit A to the Agreement is hereby
deleted in its entirety and restated to read as follows:
Average Payment Terms Escalator and De-escalator
The Bank will pay Client an additional rebate based on its Average Payment Terms throughout the year. If, on average, payment for the prior
period full balance is received in fewer days from cycle end than required under the terms of this Agreement, an Average Payment Terms
escalator of 0.01%per full day of early payment will be earned.
If, on average, payment for the prior period full balance is received more than 14 days following cycle end, an Average Payment Terms de-
escalator of 0.01%will be deducted per day. This de-escalator is applicable for payments made up to 30 days following cycle end.
4. Exhibit A. As of the Execution Date of this Amendment,the Fee Schedules of Exhibit A to the Agreement are hereby amended by deleting the
"File transfer using FTP"fee in its entirety.
3. Continued Effect. Except to the extent amended hereby, all terms, provisions and conditions of the Agreement, as it may have been
amended from time to time,shall continue in full force and effect and the Agreement shall remain enforceable and binding in accordance with
its terms.
6. Counterparts. This Amendment may be executed in any number of counterparts,all of which when taken together shall constitute one and the
same document,and each party hereto may execute this Amendment by signing any of such counterparts.
IN WITNESS WHEREOF,the Bank and the Client have caused this Amendment to be executed by their respective authorized officers as of the
effective date writte' above.
JPMORGAN C 5E BANK,N.A. CITY OF FORT WORTH,TEXAS
By: By:
Name: game: Tom Higgins
Title: Title: City Manager
Cliont Attestation:
The undersigned, a duly authorized officer or represeAtative of the Client, does hereby certify that the Client has been duly authorized to enter into
and perform this Amendment and that the person signing above on behalf of the Client,whose execution of this Amendment was witnessed by the
undersigne , is a officer,partner,member or other representative of the Client possessing authority to execute this Amendment.
B :
y ° p. ,f PROVED AS TD ORM AND LEGALITY
Name: Ronald P. Gonza •ro cd
w a
Tile Assistant City Se nary o° d sist t City Attorney
000 00 Acr
'Nate: The person signing the attestation shalt so rr ntrry i the person signing above on behal
OFFICIAL RECORD
CITY SECRETARY Page f of
FT. WORTH, TX