Unpaid invoices are past due 30 days from date of invoice.
Past due accounts are subject to a late charge of one and one-half percent (1 1/2%) on the amount overdue.
BAD CHECKS, C.O.D.
A service charge of $20.00 will be applied to each returned check. If at any time, Customer fails to pay invoices when due, or if for any reason Supplier feels insecure in extending credit,
Supplier may decline to provide further goods on credit.
FAILURE TO PAY OR INSOLVENCY
Failure by Customer to pay any part of the account when due, or in the event that proceedings in bankruptcy, receivership, or insolvency are instituted by or against Customer or his property, Supplier may at his option, cause the entire unpaid balance to become due immediately payable
and Supplier shall have the right to enter at anytime without notice upon the premises where any of the materials procured by the Customer from
Supplier are located. Customer hereby expressly waives any right to action which may accrue by reason of the entry for taking possession of or
the selling of with respect thereto including service charges and reasonable attorney’s fees and court costs. Customer will be liable for all costs of
collection, including but not limited to attorney’s fees, if necessary
ADDITIONAL SECURITY FOR PAYMENT
The Customer hereby agrees to execute such additional documents as the Supplier may require including a personal and/or business guaranty
and UCC Financing Statements as required from time to time by the Supplier.
This Agreement covers all materials which the Customer may hereafter acquire at any time from Supplier. This Contract constitutes the entire
agreement with Supplier. No waivers or modifications shall be valid unless the same are in writing and executed by the parties hereto. This contract
shall apply and accrue to the benefit of, and be binding upon, the heirs, executors, administrators, successors, and assigns of the respective parties.
RECEIPT OF A COPY
Customer hereby acknowledges the receipt of a copy of the Agreement at the time of its execution.