HOLMAN CAPITAL CORPORTAION - Laserfiche WebLink

Home Browse Search

Holman Capital Corporation 25201 Paseo de Alicia, Suite 290 Laguna Hills, CA 92603 EXHIBIT C-1 INSURANCE CERTIFICATION April 6, 2018 Re: Equipment Lease -Purchase Agreement dated April 6, 2018 In connection with the above -referenced Lease Agreement, the City of Santa Ana, as lessee (the "Lessee ") certifies that it has instructed the insurance agent named below (please fill in name, address, and telephone number): Name of Agent: Big Independent Cities Excess Pool Address: 1750 Creekside Oaks Drive, Suite 200, Sacramento, CA 95833 Phone: 800-541-4591 to issue: Liability Insurance. Lessee is required to maintain public liability insurance, personal injury and property damage with policy limits of $3,000,000. The policy X should be endorsed to name Signature Public Funding Corp. (the assignee of SIGNATURE PUBLIC FUNDING CORP.) as an additional insured. Casualty Insurance. Lessee is required to maintain all risk extended coverage, malicious mischief and vandalism insurance for the Equipment described in the X above -referenced Equipment Schedule in an amount not less than the greater of $7,264,241.86 or the full replacement cost of the Equipment. Such insurance shall be endorsed to name Signature Public Funding Corp. as a lender loss payee with respect to such Equipment. The required insurance should also be endorsed to give Signature Public Funding Corp. at least 30 days prior written notice of the effective date of any material alteration or cancellation of coverage, and an endorsement confirming that the interest of Signature Public Funding Corp. shall not be invalidated by any actions, inactions, breach of warranty or conditions or negligence of Lessee. Proof of insurance coverage will be provided to Signature Public Funding Corp. prior to and/or commensurate with the Commencement Date of the Lease. Very truly yours, CITY OF SANTA ANA, as Lessee By:_�/fIK !' Name: Raul—Godinez II Title: City Manager