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This credit application and agreement is submitted by the undersigned authorized representative (hereafter Customer). Customer agrees to make payment in full to Adtech for all amounts due according to Adtech invoice(s), Customer also agrees to pay Adtech as interest, an amount equal to 1.5% per month, or the maximum provided by law (whichever is less) for invoice amounts that are past due. Should Customer default in any such payment(s), Adtech shall have the right, without notice to Customer, to declare all invoice amounts immediately due and payable. In the event Adtech should commence any action or actions, or otherwise seek to enforce this agreement against Customer or any Guarantor, Customer agrees to pay reasonable attorney(s) fees, court and other expenses incurred by Adtech, whether or not suit is filed, This agreement is not transferable or assignable without prior written consent of Adtech. This agreement shall become effective upon acceptance by Adtech . Customer agrees that all sales shall be governed by Adtech's Standard Terms and Conditions of Sale, as stated on the invoice and/or shown in Adtech WEBSITE, unless Adtech and Customer have executed a separate agreement which specifically replaces those terms and conditions.
Customer and Customer's authorized representative signing this agreement hereby represent and warrant that the information provided in this application and in any and all additional documents, financial statements or other information furnished by Customer to Adtech is true and correct in all material respects and contains all information necessary so that this application is not materially misleading. Customer acknowledges that Adtech is relying on the accuracy of the information provided by Customer. Customer hereby grants Adtech a security interest in any and all goods purchases by Customer from Adtech to secure any and all obligations of Customer to Adtech, including but not limited to any obligation of payment. Customer agrees to execute any additional documents necessary to perfect or continue any security interest related to this application. Customer agrees to adhere to the credit service policies and procedures established from time to time by Adtech.
The undersigned individual(s) who is (are) either a principal (s) or partner(s) or officer(s) of the above-named Customer or a sole proprietorship of the above-named Customer, recognizing that his or her individual credit history may be a factor In the evaluation of the credit history of Customer, hereby consents to and authorizes the use of a consumer credit report on the undersigned, by Adtech, the named business credit grantor, from time to time as may be needed, in the credit evaluation process. |