Seattle SMSA Limted Partnership dba Verizon 3/26/2020

6.2.3 Rent shall be delivered or mailed to the City Clerk. Rent may also be paid by electronic funds transfer. Rent payments must reference the site name and address, and Company's site ID#. 6.2.4 If this Agreement terminates or expires and Company continues to maintain Site Equipment on the City Poles without a new license with City, Company shall become a holdover tenant whose occupancy may be terminated upon thirty (30) days written notice. Company shall pay Rent on January 1st for all holdover Site License Addendums in the amount of one hundred fifty percent (150%) of the annual adjusted Rent. Upon expiration or termination of this Agreement, the parties may negotiate in good faith the terms of a successor agreement. 6.2.5 If any sums payable to City under this Agreement are not received by the City on or before the fifth(5th)day following its due date, Company agrees to pay a late fee of ten percent (10%) of the annual Rent for each Site License Addendums for which payment was not received. Where a check is returned to the City by a bank or other financial institution with the indication that the check cannot be honored, there shall be a fee assessed to Company based on the current statutory maximum allowed. City and Company agree that such charges represent a fair and reasonable estimate of the costs incurred by City by reason of late payments and uncollectible checks, and the failure by Company to pay any such charges by no later than thirty (30) days after Company's receipt of written demand therefore by City shall be a default under this Agreement. City's acceptance of less than the full amount of any payment due from Company shall not be deemed an accord and satisfaction, waiver, or compromise of such payment unless specifically agreed to in writing by City. 6.2.6 City hereby agrees to provide to Company certain documentation(the "Rental Documentation") evidencing City's interest in, and right to receive payments under, this Agreement, including a complete and fully executed Internal Revenue Service Form W-9, or equivalent, for any party to whom Rent payments are to be made pursuant to this Agreement. From time to time during the Term of this Agreement and within thirty (30) days of a written request from Company, City agrees to provide updated Rental Documentation in a form reasonably acceptable to Company. 6.3 On September 26, 2018, the Federal Communications Commission adopted a Declaratory Ruling and Third Report and Order in the Matter of Accelerating Wireless Broadband Deployment by Removing Barriers to Infrastructure Investment(the"FCC Order"). In the event that the FCC Order is vacated,overturned,or in any way modified to eliminate restrictions on the City's authority over Rent related to small wireless facilities, commencing on next rental due date pursuant to section 6.2.2 following the date the FCC Order is vacated, overturned, or modified, the Rent identified in section 6.2.1 shall be Eight Hundred Dollars and 00/100 Dollars ($800.00) ("Replacement Rent") for each Small Cell facility installed under each Site License Addendum. The Replacement Rent shall be in effect throughout the rest of the Initial Term and any Renewal Terms, as applicable. Upon any further change in the law, the parties agree to negotiate in good faith an amendment to this Agreement to reflect such change in 6