HomeMy WebLinkAboutAmendment to Attachment C, Commercial Card Classic AMENDMENTTO
ATTACHMENT C, COMMERCIAL CARD CLASSIC AGREEMENT
Version 1.0
THIS AMENDMENT(the"Amendment")to Attachment C,Commercial Card Classic Agreement(as amended,supplemented,restated,or
replaced from time to time,the"Agroomont")dated as of November 14,2012 between JPMorgan Chase Bank,N.A.("Bank")and City of
Oskosh("Client")is made as of May 25 ,20 17,and effective as of March 1,2017(the"Effective hate"),
In consideration of the foregoing premises and the mutual agreements,provisions and covenants contained herein, Bank and Client agree
to amend the Agreement as follows:
1. Definitions. Capitalized terms used in this Amendment and defined In the Agreement shall be used herein as so defined,except as
otherwise provided herein.
2, Exhibit A. The rebate schedule in the Volume Rebate section of Exhibit A to the Agreement is hereby deleted in its entirety and
replaced with the following:
A.ntttl�!Conaortium'4 debate Rate
(?o�%tilned t"aiiarge�41t1jt1e .J%�°10. -�
$5,000,000 0.63%
$7,000,000 0.90%
$10,000,000 1.10%
$12,500,000 1.20%
$15,000,000 1,26%
$17,500,000 1.31%
$20,000,000 1.34%
$22,500,000 1.37%
$25,000,000 1.39%
$30,000,000 1.42%
$35,000,000 1.44%
$40,000,000 1.46%
$45,000,000 1.47%
$50,000,000 1,48%
$55,000,000 1.49%
$60,000,000 1150%
$65,000,000 1.50%
$70,000,000 1.51%
$75,000,000 1.51%
$80,000,000 1.52%
$85,000,000 1.52%
$90,000,000 1.52%
$95,000,000 1.53%
$100,000,000 1.55%
$105,000,000 1.55%
$110,000,000 1.56%
$115,000,000 1.56%
$120,000,000 1.57%
$125,000,000 1.57%
$130,000,000 1.58%
$135,000,000 1.58%
$140,000,000 1,59%
$145,000,000 1.59%
$150,0001000 1.60%
$155,000,000 1,60%
$160,000,000 1.61%
$165,000,000 1.61%
$170,000,000 1.62%
Page 1 of 3
a
$175,000,000 _ 1.62%
$180,000,000 1.63%
$185,000,000 1.63%
$190,000,000 1.64%
$195,000,000 1.64%
$200,000,000 1,65%
$250,000,000 1.66%
$300,000,000 1.67%
$350,000,000 1.68%
$400,000,000 1.69%
3. Exhibit A. The FEES section of Exhibit A to the Agreement Is hereby deleted in its entirety and replaced with a new FEES section in
the form attached hereto as FEES.
4. 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.
S. 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. Facsimile
signatures shall have the same force and effect as the original.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives as of the
Effective Date.
JPMOR SE BANK, N.A.
By
Name
Title Judy Mischel
Executive Director
Commercial Card
Client Authorization: The undersigned Is an officer, member, manager, director, managing partner, or general partner (or person
authorized to represent the foregoing),as applicable,of Client,authorized to bind Client to enter Into and to perform Its obligations under this
Amendment. The undersigned certifies to Bank that the governing body of Client has adopted resolutions or other appropriate and binding
measures authorizing Client to enter Into and perform its obligations under this Amendment and that those resolutions or other appropriate
and binding measures were: (a)adopted in accordance with,as applicable,all requirements of law and Client's organizational or constituent
documents,(b)have been entered into the minute books or company records of Client,and(c)are now in full force and effect. Client shall
provide to Bank Immediately upon demand conclusive evidence of the authorizations described above.
CLIENT
M rk A. kohloff Pam R. Ubrig Trena Larson
City Manager City Clerk Director of Finance
Note: The legal name of any member,managing member or general partner who Is signing but is not an individual person must appear in
the signature block.
Client Attestation: The undersigned,officer,member, manager,director,managing partner,or general partner(or person authorized to
represent the foregoing)of Client,hereby certifies that the person signing above on behalf of Client has been duly authorized to bind Client
and to enter Into and perform its obligations under this Amendment and that the person signing above on behalf of Client,whose execution
of this Amendment was witnessed by the undersigned,is an officer,member,manager,director,managing partner,or general partner(or
person authorized to represent the foregoing) of Client possessing authority to execute this Amendment. Client shall provide to Bank
immediately Llyon demand concl ive evidence of the authorizations described above.
By
Name j"n A, m e"1
Title & 6
Note: The perso signing the attests on shall be someone different from the person signing above on behalf of Client.
Page 2 of 3
F'
FEES
1. U.S.Singto-Use Account for Existing and Now Participating Agencies
The following are the fees associated with the U.S.Single-Use Account programs on the TSYS processor:
STANDARD SERVICES AND FEES
Late payment charge Central bill: 1%of full amount past due assessed at end of the Cycle in which
payment first became due and each Cycle thereafter
International transaction 1.5%of the US Dollar amount charged
-----------------
If the Participating Agency requests services not listed in this schedule,the Participating Agency agrees to pay the fees associated with
such services.
2. U.S.for Existing and New Participating Agencies
The following are the fees associated with the U,S,Purchasing and the U.S.One Card programs on the TSYS processor and
Smartdata:
STANDARD SERVICES AND FEES
Late payment charge Central bill:None
Individual bill:$15 late fee at the end of the first cycle
Delinquency/Finance charge Central bill: Prime+2.0%is applied to the average daily balance and will be
charged on the cycle date. Average daily balance is calculated as follows:the
sum of the outstanding balances on each day in the cycle(including any new
spend,fees,and payments)/number of days in the cycle.
Individual bill:Prime+6.4%is applied to the average daily balance and will be
charged on the cycle date.Average daily balance is calculated as follows:the
sum of the outstanding balances on each day In the cycle(including any new
spend,fees,and payments)/number of days in the cycle.
International transaction 1%surcharge
Standard Card $0.00
ADDITIONAL SERVICES AND FEES
Cash advance 2.0%of amount advanced($3.00 minimum with no maximum)
Rush card _ W $0 if processed through Bank. If processed through the Association,
Participating Agency shall pay any fees charged by the Association.
Executive Card $75 annual fee per card
Corporate Rewards Program" (Minimum$1,000,000 annual Charge Volume and individual bill required)
Rewards annual fee $75 per enrolled Cardholder per year. $35 of rewards fee is for the
administration of the Corporate Rewards program, and the remaining $40
goes into a redemption pool. If the cost of rewards redemption exceeds the
amount in the redemption pool(the"Excess Redemption Expenses"),then the
Excess Redemption Expenses will be deducted from any Gross Rebate paid
to the Participating Agency. If there is not sufficient Gross Rebate earned to
cover the Excess Redemption Expenses, Bank will invoice the Participating
Agency for the Excess Redemption Expenses which shall be payable within
14 days of receipt of such invoice.
Subject to the Terms and Conditions of the rewards program.
If the Participating Agency requests services not listed in this schedule,the Participating Agency agrees to pay the fees associated with
such services.
Page 3 of 3